Usefulness of Web 3.0 in Technological Developments

Rapid progress in cryptography and technology blockchains has fueled the development of Web3, which is often referred to as “the future of the Internet”. Utility web 3.0 is critical across a wide range of industries, including gaming.

While concepts like Web3 itself have been around for a long time, we have only seen their use in recent years through various crypto service applications. So what is web 3.0 good for? Why is it important? This article will explain the usability of web 3.0 in detail.

What is Web3.0? 

Web 3.0 is the third generation of Internet networking where users and their applications are connected in a seamless environment. The Web3 concept focuses on an untrusted and decentralized Internet environment.

In this environment, user interaction will be based on computer algorithms without the need for third parties (trustless) and will not require permission from certain authorities to protect personal data work.

The vision of Web 3.0 (or we can also call it Web3) is to create a distributed and free Internet network without any group controlling the network.

Furthermore, through crypto assets and blockchain technology, Web3 also encourages users to participate in the organization and ownership of the network.

The Web3 environment allows users to act not only as users, but also as shareholders and participants of any platform they choose.

Usability of Web 3.0 

There are several uses for web 3.0 that you need to know so that you are not out of date. Curious? Please refer to the reviews below.

Ownership

The Web3 Ecosystem ensures that each participant owns an asset. All assets, data and services on the Web3 platform are completely controlled by their creators. This is possible because it uses blockchain technology and decentralized crypto assets. 

Openness

Web3 applications and platforms have an open programming language and application code that anyone can use. In addition, applications on Web3 do not control and restrict user access. 

Payment system 

The web3 internet economy operates on a crypto asset system. Crypto assets provide an alternative financial system based on blockchain and cryptography. This makes transactions through cryptocurrencies unregulated, unregulated and insecure by third parties.

Also read: Development of Indonesian Web3 Gaming, Huge Profit Potential!

Safer Personal Data Management

Unlike the Web 2.0 era, the Web3 era has not yet obtained the personal data of its users. Platforms and applications do not know or store personal data of their users.

Web3 will provide access to digital assets like never before. For example, you are playing a web game 2. Then you buy an item in the game, where the item will be automatically credited to your account.

But suddenly, the creator of the game deleted your account. As a result, all the items that you used to collect in the game will be lost. With Web3, you won't have any of the above problems. Why? Because Web3 allows direct ownership through non-fungible tokens (NFT).

So no one, not even game developers, has the right to take over your assets. However, if you stop playing, you can sell or trade these items in the open market.

Also read: Attend Coinfest Asia 2022, VCGamers: Let's Strengthen Indonesia's Web3 Ecosystem

So, to deal with this, VCGamers has also released a named token VCG Tokens for game top up transactions. You can buy it at Indodax and BitMart.

Please visit VCNews to get updating VCG Tokens latest.