Below is a brief explanation of the evolution of the very first Read-Only internet, (Web1) via the communicative internet of social media platforms (Web2) to the super-secure, private internet, integrated with blockchain technology (Web3).
The internet we know today is in urgent need of maintenance. We have lost control of our data. Thirty years after the massive introduction of the Internet, data storage is still based on the concept of stand-alone computers, where data is stored centrally and managed on a server. This raises questions about trust.
Can we trust people and institutions who store and manage our data against any form of corruption - internal or external, deliberate, against hackers or accidentally, or through data breaches?
Today's Internet - with its client-server based data infrastructure and centralized data management - has many security risks, as we are experiencing from the recurring data breaches on online service providers. First we had the computer, then the Internet (Web1) was invented, which connected these stand-alone computers to each other via a transmission protocol (TCP/IP) that made data transfer faster. Ten years later, the Internet became more mature and programmable. We saw the emergence of the so-called Web2, which brought us social media such as Facebook and e-commerce platforms such as Amazon. The Web2 revolutionized social interactions. Goods and services were brought closer together and we were able to benefit from P2P interactions on a global scale, but always with an intermediary third party that also dictated all the rules of transactions and had control over all user data. Only slowly did consumers become aware of the security risks and privacy issues posed by this central architecture.
In this context, blockchain technology seems to be a driving force for the next generation internet, which some call the Web3. Blockchain is changing the way data is stored and managed. Instead of one central database, data is now stored decentrally on multiple computers that control each other. The blockchain is actually also a database, but decentralized. It allows us to send files in a copy-protected way, allowing real P2P transactions without intermediaries. This all started with the emergence of Bitcoin about 10 years ago now.
The Web3 introduces a governance layer that runs on top of the current internet, allowing two people who do not know or trust each other to make appointments, register values and assets and settle transactions between them via the web.
Front-end / Back-end
When using an app, there is usually a front-end, such as the Facebook application that you can download to your PC or phone via the Apple Store or the Google Playstore. Your facebook application connects via the internet to Facebook's central back-end servers, allowing you to communicate from person to person, with Facebook as the central hub in the game. The same applies to Apple, Google, Amazon and banking apps.
In a Web3 environment there is also the same front end program, on your PC or mobile phone, which we then call Dapp, digital app.
However, a Dapp does not connect to a central server to exchange data, but communicates with program codes that are stored decentrally on a blockchain. This is also known as smart contracts, program codes, stored on a blockchain.
Usually, Dapps are integrated into or added to applications that are already connected to a blockchain, such as decentralized wallets.
These decentralised wallets, such as the Trust Walllet, or IMToken wallet, are many times safer than central wallets, such as the Coinbase Wallet.
With decentralized wallets, you control the private keys with which only you have access to the coins in your wallet, or effectively to the coins that belong to you on the blockchain.
Centralized wallets have the advantage that you can often exchange coins directly on an exchange, or purchase coins via fiat deposits, but not without first registering yourself by name.
The latest trend is that decentralized wallets now also offer you the option to exchange coins via a decentralized exchange (DEX), giving you back the privacy advantage.
This way you can connect and Integrate both the IMToken wallet as well as the Trustwallet to Dapps. Both wallets have a browser built in that allows you to download a Dapp and build it into your secure wallet. The Dapp has access to your wallet and can receive payments for you in case of commissions, for example. The Dapp can also give you notifications or alerts about this and can also make purchases for you.
With both wallets you can quickly exchange from one coin to another, often even P2P via an OTC (Over the Counter exchange).
This is your future.
Both Cloud 2.0 and Super.One use Dapps. These Dapps are only accessible from the wallets to which they are connected.
Want to know more?
This post has deliberately been kept simple so that readers can quickly find out what they need, to understand the use of Dapps without requiring too much technical knowledge. If you want to delve deeper into the subject, you have a good friend in Google. The link below might also give you a good start: https://coinerblog.com/what-are-decentralized-applications-dapps-3b63b4d587fe/