{"id":5405,"date":"2022-08-22T15:52:32","date_gmt":"2022-08-22T10:22:32","guid":{"rendered":"https:\/\/blockchainappfactory.com\/blog\/?p=5405"},"modified":"2022-08-22T15:51:29","modified_gmt":"2022-08-22T10:21:29","slug":"web3-infrastructure-what-lies-behind-the-scenes-of-all-the-buzz-around-the-virtual-world","status":"publish","type":"post","link":"https:\/\/www.blockchainappfactory.com\/blog\/web3-infrastructure-what-lies-behind-the-scenes-of-all-the-buzz-around-the-virtual-world\/","title":{"rendered":"Web3 Infrastructure \u2013 What Lies Behind the Scenes of All the Buzz around the Virtual World?"},"content":{"rendered":"

Web3 is quickly becoming mainstream in a span of a few years due to awareness campaigns and its endless potential. We should note that Web3 encompasses many emerging technologies that have evolved as separate entities, but full-scale integration is yet to take place, which might occur soon. While we have been witnessing how user-ends of the Web3 platforms<\/a> look, most people are unaware of what happens behind the scenes at the back-end. Learning about basic Web3 infrastructure is a must for any Web3 enthusiast to know about the back-stage action, which is crucial for achieving Web3\u2019s goals. This blog exclusively focuses on Web3 infrastructure and how it powers all its applications to life.<\/p>\n

Web3 \u2013 A Glance<\/span><\/h2>\n

Web3 or Decentralized Web or Semantic Web is the name given to the internet powered by blockchain technology. Some experts refer to Web3 as a conglomerate of various growing technologies, including blockchains, artificial intelligence, machine learning, internet of things, virtual reality, and augmented reality. While definitions might vary, blockchains host platforms everywhere in Web3, and other facets are used in those platforms. Talking about blockchains, they are distributed digital ledgers that can record transactions that all members of the ledger can verify. Even though the term Web3 was first used in 2014 (and became popular in 2021), its roots can be found in the late-2000s when Bitcoin was released as the first-ever blockchain application.<\/p>\n

Why Web3?<\/span><\/h2>\n

While the \u201cDotcom bubble\u201d shed light on how the internet would function in the early days of this millennium, Web2 was called revolutionary as it enabled end-users to participate in the internet. Social networking and e-commerce paved the way for a modern lifestyle that made Web2 a comfortable option. But, terabytes of user data were stored in the centralized servers belonging to giant corporations that benefited massively from using the information they had. Also, incidents of data breaches in the recent past meant that security concerns around Web2 became common among people.<\/p>\n

Therefore, decentralization was touted to be the savior for such problems as data would be distributed across nodes (or devices in the physical world), security would be enhanced, and breaching attempts would be fruitless. Early glimpses of Web3 technology brought excitement to a group of individuals, and there has been no looking back ever since. The technology also prioritizes the end-users as it allows them to be actively involved in ventures\u2019 proceedings and earn cashable rewards in return. Such activities are common in Cryptocurrency exchanges, NFT marketplaces, and decentralized finance platforms.<\/p>\n

Platforms that Build on the Elements of Web3 Infrastructure<\/span><\/h2>\n

Given below is a list of business platforms that work on the various functional elements of Web3 infrastructure to make it a better place for users.<\/p>\n