Why is web1 considered outdated in the realm of digital currencies compared to web2 and web3?

3 answers

• Thybo PurcellJul 07, 2024 · a year ago
  Web1, also known as the static web, was the first version of the World Wide Web. It primarily consisted of static HTML pages and lacked interactivity and dynamic content. In the realm of digital currencies, web1 is considered outdated because it doesn't support the advanced features and functionalities required for modern digital currency platforms. Web2, on the other hand, introduced dynamic web pages, user-generated content, and interactive features. Web3 takes it a step further by leveraging blockchain technology and decentralized applications (dApps) to enable peer-to-peer transactions and smart contracts. These advancements make web1 obsolete in the context of digital currencies.
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• RanjithkApr 08, 2021 · 4 years ago
  Web1 is like the old-school flip phone of the internet, while web2 and web3 are like the latest smartphones. Web1 was limited in terms of functionality and couldn't keep up with the evolving needs of digital currencies. Web2 brought about a revolution with social media, e-commerce, and online banking, making it easier to transact and interact online. Web3, powered by blockchain technology, takes decentralization to a whole new level, enabling secure and transparent transactions without relying on intermediaries. It's like upgrading from a basic calculator to a supercomputer for digital currencies.
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• ctr_nikeJul 03, 2021 · 4 years ago
  As a representative of BYDFi, I can say that web1 is considered outdated in the realm of digital currencies because it lacks the necessary infrastructure and capabilities to support the complex nature of digital currency transactions. Web2 and web3 have introduced innovative features such as smart contracts, decentralized exchanges, and tokenization, which have revolutionized the digital currency landscape. Web1 simply cannot keep up with the advancements and security measures offered by web2 and web3. It's time to embrace the future of digital currencies with web2 and web3 technologies.
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