/biz/ - Business & Finance

>>50970307
They're both iterations for the core web. Web2 is the current internet model of a sending/recieving data system within hosted servers; in this iteration, you have to store your own personal data to a single server under the whims of the server owner. In the event that the server host is forced to shutdown or decides to violate the sanctity of your data by selling it for other dealings, there exists no way to circumvent that event and you are left with no access to your data; and since the server exists as a point of failure, if a state decides to get involved to enforce restrictions, it can decided to enact physical coercion towards the server hosts for anything they prohibit or anything which they desire control over. Web3 seeks an end for that issue through establishing decentralization of data storage with no central point of failure and a deterence of network regulations through censorship-resistant technologies; Web3 project compliant with these principles (which none of them but Sia actually adheres to) ceases its proper identity of Web3 and only exists Decentralized In Name Only.