Why is web2 considered outdated in the world of digital currencies?

3 answers

• Nov 28, 2021 · 3 years ago
  Web2, which refers to the traditional centralized web, is considered outdated in the world of digital currencies because it lacks the necessary security and decentralization features. Digital currencies rely on blockchain technology, which is inherently decentralized and secure. Web2, on the other hand, relies on centralized servers and databases, making it vulnerable to hacking and censorship. Additionally, web2 platforms often require users to trust a central authority, which goes against the principles of digital currencies that aim for trustless transactions. Therefore, web2 is no longer suitable for the needs of digital currencies.
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• Nov 28, 2021 · 3 years ago
  Web2 is outdated in the world of digital currencies because it cannot provide the level of transparency and immutability that digital currencies require. With web2, data can be easily manipulated or altered by a central authority, which goes against the principles of transparency and immutability that blockchain-based digital currencies aim to achieve. Furthermore, web2 platforms often involve intermediaries and third parties, leading to higher transaction costs and slower processing times. In contrast, digital currencies built on web3 technologies offer decentralized and transparent transactions, eliminating the need for intermediaries and reducing costs.
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• Nov 28, 2021 · 3 years ago
  In the world of digital currencies, web2 is considered outdated because it cannot provide the level of user control and ownership that web3 technologies offer. Web2 platforms often require users to trust the platform operator with their personal data and assets, which goes against the principles of self-sovereignty and ownership that digital currencies promote. With web3 technologies, users have full control over their digital assets and can interact directly with decentralized applications (dApps) without relying on intermediaries. This shift from web2 to web3 is driven by the desire for greater privacy, security, and user empowerment in the digital currency space.
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