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It's the name of the ethereum JS library: https://github.com/ethereum/web3.js/ https://github.com/ethereum/web3.js/ The idea is that cryptocurrencies will rep
by fabricexpert 7y ago
It's the name of the ethereum JS library:
https://github.com/ethereum/web3.js/ https://github.com/ethereum/web3.js/
The idea is that cryptocurrencies will represent the 3rd wave of the internet after web 2.0 https://en.wikipedia.org/wiki/Web_2.0 https://en.wikipedia.org/wiki/Web_2.0
Although Tim Berners lee tried to coin web 3.0 as the semantic web but that's not really taken off as a concept.
- k__ 7y agoHaha, interesting. I had the feeling everyone tried to coin web 3.0 for many years now and it didn't really take off.
- kbody 7y agoYet, the way Web 3.0 works in practice is with a browser extension (which Reborn basically integrated) that does http API calls to a centralized 3rd-party server. So while they market decentralization and trustlessness, they are one server-compromise away from getting fed a completely false view of Ethereum's blockchain state and losing all their funds. If that's an attempt on web 3.0, we might as well just skip straight to web 4.0.
- Sargos 7y agoYou can use this with your own node without trusting any 3rd party server. Right now this takes some effort but projects like Ethereum 2.0 will enable running a self hosted trusted node on low power devices and even mobile phones via checkpoints. It's not a good idea to use today's capabilities to judge future use cases.