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Bitcoin->Web3.0 Study
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In recent months, there has been a resurgence in the usage of the term “web3”: a nebulous term that (like it or hate it) has suddenly become a banner for much of the innovation happening in the space of blockchain and distributed ledger technology. The term has been around for a while (since 2014 when Gavin Wood originally coined it), but now it seems to have, for better or worse, reached critical mass.

I somehow got curious to understand how web3 can sustain in terms of economics of revenue when compared to the Web2 which sustains through the advertising model.
lead me to TechCrunch’s article which mentioned about where I chanced upon the video of
Further down the rabbit hole study of Arweave opened my eyes to - how an individual can earn in a decentralised manner by providing the services of web hosting.
Arweave’s introduction on their Linkedin page
Arweave uberizes the traditional web hosting environment, connecting people with spare hard drive space with people that need web hosting. This system offers unparalleled levels of data replication and security for users, as well as financial incentives for participants in the network.
- A good summary on Arweave.
The Blockchain Is the Internet of Money - WSJ.pdf
756.7 kB
Gavin Wood (Ethereum co-founder and Polkadot founder) first coined the word Web 3.0. His paper on the same below:
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Blockchain Technology in layman’s terms

Blockchain technology can be regarded as a digital service without service providers . When we use Facebook、 When Google searches or anything else , We actually use an organization owned by individuals , Usually it consists of CEO business , A group of shareholders made a decision , We visit their services , They provide us with these services . Anyway? , It always involves this intermediate service provider , And these intermediary service providers have absolute control . So if we think of the Internet as a big country , The country is actually ruled by a group of dictators , Each of them has his own territory , Almost feudalism .


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