Although there isn’t a quick definition for Web3, it can be summed up as the next-generation internet. Every new technology has an adoption life cycle, and Web3 is just starting out. With this in mind, we should concentrate on developing goods and services that are simple to use and improve the consumer experience.
For instance, consider email authentication. Through a quick email login on Web2, we have access to almost all of the internet. On a new, decentralized version of the Web, how does this operate?
Web2, as it is now known, targets the current generation of internet users, the majority of whom spend the majority of their online time on social networking platforms. Web3 could look like a meaningless buzzword to these users who aren’t familiar with the cryptocurrency industry.
Web3 will eventually serve as everyone’s gateway to the internet soon as it gives people a decentralized option to existing systems for everything from social networking and banking to news reading and commerce. With this approach, users can control how their data is used.
Web2 infrastructure is the foundation of every part of our digital existence. On Web2, though, both the user and the product are you.
Our regular internet actions generate a ton of useful data. Users’ data that they voluntarily or unwillingly give up control over in exchange for a customized and more efficient online experience
By selling this data to third companies, who frequently manage the advertisements and promotional emails you receive, Web2 giants capture a large portion of the financial gain on this current version of the internet.
We are currently restricted to this centralized internet, where a select number of sizable businesses make money from the selling of your personal information. We must change this, and Web3 is the vehicle for doing so.
The Web3 Wallet
Your identification is stored in your Web3 wallet. It enables you to communicate with decentralized applications on different blockchains without requiring email logins or third-party data permissions. Web3 wallets, as opposed to Web2 email authentication, let users maintain ownership and control over all of their assets.
Data has a new meaning in Web3, which is built on decentralization. On Web3, users have the option of hiding their personal information or selling it to decentralized apps they support in exchange for tokens.
These data can be used by decentralized software developers to create novel solutions, such as community-driven mapping programs like Navigate Maps. Or decentralized applications that let you monitor and subsequently cut down on your carbon emissions immediately.
Similar applications can be found on Web2 infrastructure, however Web3 gives users control over how their data is used. In the end, it offers a location where community members may come together to co-create valuable apps and solutions and support causes they firmly believe in.
Its essence to blockchain
Most people shouldn’t find the idea of Web3 strange. One of the most democratic ways to construct apps is on the blockchain, which also gives consumers a real say in how those protocols are operated.
DAOs have been made possible by blockchain as well (Decentralized Autonomous Organizations). The goal of a decentralized Web3 is advanced by DAOs, which enable community control on protocol-related issues. DAOs can be a crucial component of Web3’s objective to return control of the internet to the user.
Why It hasn’t been accepted
The belief that Web3 is dominated by scammers and “get rich quick” schemes rather than being a true revolution is one of the most detrimental factors preventing its wider acceptance. The most recent decline in the cryptocurrency market has further tarnished the industry.
We now have the chance to stop working on dubious projects and instead concentrate on creating Web3 apps that are stronger, enabling the industry to come out of the recession even stronger than before.
Decentralized finance (DeFi), which allows people to select how to leverage their assets without input (or large fees from intermediaries), is one of the ground-breaking uses that blockchain has already sparked. These tools enable new financial opportunities for millions of users.
These days, anyone with internet connection can send money overseas, make investments, save money, borrow money, and lend money without going via a bank or other centralized financial institution.
Cryptocurrency can be used as a financial safety net in nations with extremely severe fiat currency inflation. Despite the potential impact this could have, Web3’s full potential goes much beyond DeFi and the blockchain’s existing applications.
Web3 in the gaming world
The gaming industry has already seen a significant transformation in Web2, embracing player avatars, tools, and ever-expanding gameplay landscapes and experiences. Web3 can enhance this experience while also rewarding the player.
NFTs enable users to possess distinctive avatars and skins, enhancing the gaming experience. In-game cryptocurrency income is another feature of blockchain gaming, giving certain players the chance to make money while they play.
The possibility of our sharing social interactions online has also been hinted at by the Metaverse. Direct messaging and photo sharing are just the beginning for Web3.
Some of the fascinating possibilities that fit wonderfully on Web3 include virtual concerts, E-sports, and virtual meetings in technologically captivating locations. These types of social interactions, in contrast to earlier web iterations, will be devoid of centralized intermediaries and give users privacy while they communicate with one another.
The possibilities of the internet are endless, and Web3 enables users to build countless beneficial and entertaining apps using the data they share and possess.
UK Government To Set Online Bill Criminalizing Self Harm
In an effort to stop what it calls “tragic and preventable deaths caused by people seeing self-harm content online,” the UK government has announced it will further broaden the scope of online safety legislation by making encouraging self-harm a crime.
According to the most recent modification to the divisive but popular Online Safety Bill, in-scope platforms would be compelled to remove anything that purposefully encourages someone to physically harm themselves, or face legal repercussions.
The government intends to tackle “abhorrent trolls urging the young and vulnerable to self-harm,” according to the secretary of state for digital. People who post such content online may also be prosecuted under the new offence of encouraging self injury.
The maximum fines will be announced in due time, according to the administration.
In the UK, it is already unlawful to promote or aid suicide, whether in person or online. By creating a new offense, self-harm content will now be subject to the same laws that already ban suicide promotion.
Following a snag, last summer associated with political unrest in the ruling Conservative Party, the Online Safety Bill’s progress through parliament is now on hold. However, the newly reorganized UK government has declared that it will reintroduce the measure to parliament next month after making changes to the law.
The abuse of intimate imagery is a problem that will be addressed by recent revisions to the Online Safety Bill, which was just made public by the Ministry of Justice. However, other revisions are planned regarding “legal but harmful” information, thus the final form of the Act is still up in the air.
The government responded to concerns about the bill’s impact on online freedom of expression a few months ago. The (new) secretary of state, Michelle Donelan, announced in September that she would be “editing” the bill to lessen concern about its impact on “legal but harmful” speech for adults.
The most recent changes, making it illegal to send online communications encouraging self harm, came after that announcement.
Donelan was quoted by the BBC as claiming that Molly Russell, a 14-year-old teenager who committed suicide five years ago after watching thousands of online articles on self-harm and suicide on websites like Instagram and Pinterest, was a factor in the most recent changes.
Social media was found to have contributed to Russell’s death, according to the results of an inquest into her death in September. While the coroner’s “prevention of future deaths” report from last month that a number of steps be done to control and monitor young people’s access to social media content.
The addition of the crime of promoting self harm, according to the Department for Digital, Culture, Media, and Sport, will outlaw “one of the most worrying and prevalent internet harms that now falls below the threshold of criminal behavior.”
Donelan stated in a statement:
“I am determined that the abhorrent trolls encouraging the young and vulnerable to self-harm are brought to justice.
“So I am strengthening our online safety laws to make sure these vile acts are stamped out and the perpetrators face jail time.
“Social media firms can no longer remain silent bystanders either and they’ll face fines for allowing this abusive and destructive behaviour to continue on their platforms under our laws.”
Hate crimes, rules regarding revenge porn (including disseminating deepfake porn without content), harassment, and cyberstalking are among the other top criminal offenses already mentioned in the bill.
Regardless of what the measure states on paper, there are still a lot of unknowns regarding how platforms will react to having legal obligations imposed on them to police all forms of speech, as well as if it would actually increase web user safety as claimed.
Critics worry that the regime will have a chilling effect by turning platforms into de facto speech police and encouraging them to overblock content in order to reduce their legal risk of paying a hefty fine.
The regime’s penalties scale up to 10% of global annual turnover, and non-cooperative senior executives even run the risk of going to jail.
On Monday, December 5, the bill is scheduled to return to parliament.
Twitter Amnesty Is What Elon Musk is Going For Next
Tesla CEO and newly appointed Twitter CEO, Elon Musk did promise a new dimension for the micro-blogging social media platform prior to taking over, and his actions recently, have just about lived up to the promise, but now, the billionaire is set for an ‘amnesty’ that surely will drive some political divides nuts if certain individuals are granted Twitter amnesty as he wants.
Elon Musk announced on Thursday that starting the next week, Twitter will provide suspended accounts “a general amnesty.” The day before, the platform’s CEO published a poll asking users if they thought affected accounts should be restored.
The announcement comes just after Musk lifted the platform’s restriction on former president Donald Trump after conducting a related poll. Trump declared he had no intention of returning to the platform despite being banned following the attack on the US Capitol on January 6, 2021.
Users of the Twitter platform who had their accounts suspended could rejoin the network “assuming they have not broken the law or engaged in egregious spam,” according to Musk’s user survey.
The survey received responses from about 3.2 million individuals, who voted 72.4% in favor of amnesty.
“The people have spoken. Amnesty begins next week. Vox Populi, Vox Dei,” Musk said, using a Latin phrase that means “The voice of the people is the voice of god.”
Historically, Twitter has deactivated accounts who advocate violence, celebrate hate and harassment, or persistently disseminate false information that may be harmful.
Some well-known people who were banned from the website include MyPillow CEO Mike Lindell, who made a number of claims that Trump actually won the 2020 presidential election, former Trump advisor and former executive chairman of Breitbart Steve Bannon, who said Anthony Fauci and FBI Director Christopher Wray should be beheaded, and Proud Boys founder Gavin McInnes, who broke the website’s rule against violent extremist groups.
Considering that more voices with possibly negative views will be returning to the site, it’s unclear from Musk’s brief post how Twitter will handle content control going forward.
These worries have only grown as a result of Musk’s huge firings and the outflow of workers who would rather leave than remain “hardcore.”
Elon Musk is surely growing more unpopular by remaining popular these days.
Twitter Working On New Feature For Long Texts
Writing a thread on Twitter can be considered daunting especially when you have to divide the text into 280-character sections for it to make meaning.
Good news though as the platform is stated to be working on a way to convert lengthy texts into threads automatically.
When a tweet exceeds the 280-character limit, Twitter’s composer will automatically divide it into a thread, according to a tweet from app researcher Jane Manchun Wong.
Twitter wants to make making threads less difficult, as she stated in a message to a user (identified as me).
Currently, in order to add a tweet to a thread and post the subsequent 280 characters, users must click the Add button. This can be particularly unpleasant when you are trying out an idea or pasting information from another document.
Several users have recently brought up the difficulty posting to and reading conversations with more than a few tweets; the thread in question was 82 tweets long and focused on the defunct crypto-currency exchange FTX. In response, Musk stated that the team is working to make thread writing simpler.
It will be useful to have markers to designate the start and end of a tweet in the thread, although the exact implementation details remain unknown, as Financial Times product manager Matt Taylor noted. This makes it simpler for users to change the text in a way that doesn’t disrupt the reading flow.
Musk has previously addressed the problem of posting lengthy tweets. He previously stated that the social network is developing the capability to attach long-form content to tweets. If that will be a standalone feature from the new thread composer is unclear.
Currently, some users rely on third-party programs like Typefully, ThreadStart, and Chirr App, which offer capabilities like scheduling along with tools to automatically divide your post into threads without interfering with sentence flow.
Thanks to its acquisition of Threader the previous year, the company today provides Twitter Blue customers with a simple way to read threads. However, Musk hasn’t actually stated whether he is altering the reading experience for the typical user.
There is already a long-form writing program on Twitter called Notes, but it is exclusively available to a small number of writers, and under Musk’s leadership, its future is unclear.
Even though Twitter programmers are already working on it, it is unclear when the new composer tool for threads will launch. Since taking over the business, Musk has let go of more than half the employees.
Numerous executives have left, and the new leader even gave the remaining employees yesterday an ultimatum: either be “hardcore” or quit. There is no assurance that goods will be delivered on time in this situation.
The new Twitter Blue plan with a verification mark was hurriedly launched by the firm, only for the scheme to be discontinued a few days later. Musk stated earlier this week that the launch date had been moved to later in the month.
Wong just found code that suggests Twitter is working on encrypting direct communications from end to end.
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