
The Decentralized Web: How Web3 Aims to Take Power Back From Big Tech
📚What You Will Learn
- Core differences between Web1, Web2, and Web3.
- How blockchain enables user ownership and peer-to-peer interactions.
- Real-world Web3 examples like Ethereum and Uniswap.
- Benefits and potential hurdles of the decentralized web.
📝Summary
ℹ️Quick Facts
đź’ˇKey Takeaways
- Web3 uses blockchain for decentralization, eliminating single points of failure and Big Tech intermediaries.
- Users own their data and identities via self-sovereign systems, not OAuth logins.
- DAOs and DeFi empower community governance and finance without banks.
- dApps like Brave Browser reward users with crypto for ads, prioritizing privacy.
Web2 revolutionized the internet with interactive platforms like social media, but centralized control by giants like Google and Meta raised privacy alarms. Data is harvested, sold, and siloed, leaving users powerless.
Web3 flips this script. Built on blockchain, it creates a 'read-write-own' web where users control their data, identities, and assets via decentralized apps (dApps) and smart contracts. No more middlemen dictating terms.
This peer-to-peer model fosters transparency and equity, reducing censorship risks and single points of failure.
**Blockchain** is the backbone, enabling trustless networks like Ethereum for smart contracts that automate agreements without intermediaries.
**Decentralized Autonomous Organizations (DAOs)** let token holders vote on decisions, democratizing governance beyond Big Tech boards.
**IPFS** and self-sovereign identities ensure data storage and verification are distributed and user-controlled, not cloud-dependent.
These tools combine for robust, open-source apps always accessible and evolvable by communities.
**Uniswap**, a DEX, lets users swap cryptocurrencies directly, bypassing centralized exchanges like Coinbase.
**Decentraland** is a metaverse where you own virtual land via NFTs, building and monetizing without platform fees eating profits.
**Brave Browser** blocks trackers, rewards ad views with BAT tokens, proving privacy and ownership can be profitable.
With ~7,000 dApps, Ethereum hosts DeFi, gaming, and more, showing Web3's scale in 2026.
Scalability remains key; blockchains like Ethereum are improving with upgrades for faster, cheaper transactions.
Regulatory scrutiny grows as DeFi challenges traditional finance, but it pushes for user-centric innovation.
Web3 isn't perfect yet—adoption needs better UX—but its vision of a decentralized, empowered internet gains momentum.