Cryptocurrency Guide Sunil Sharma highlights the issues in Web2
Cryptocurrency Guide Sunil Sharma explains Web2 challenges like centralisation, privacy risks, and limited user control, shaping the move toward Web3.
Introduction
The internet has evolved a lot since its beginning. But its
current version, Web2, is full of bugs. Although we have provided social
networks, electronic commerce and interactive platforms, we also represent
serious challenges for users.
The Cryptocurrency Guide by Sunil Sharma explains
that understanding the problems of Web2 is the first step towards a transparent
and friendly digital future.
1. Centralised Control
The power of Web2 is in the hands of some technological
giants, like Google, Meta and Amazon. These companies control or access data,
algorithms and services. This centralisation limits the freedom of users and
makes them completely dependent on the platform.
2. Data Privacy and Security Risks
All actions taken online — from searches to purchases — are
tracked and stored. Companies sell users' data for advertising, often without
explicit permission. These cyberattacks and such data breaches on a large scale
show how Web2 systems can be insecure and put personal information at risk.
3. Problem of Content Ownership
Web2 users do not have full ownership over their content. As
platforms, you can remove publications, suspend accounts or censor ideas at any
time. For content creators and companies, this problem has led to a loss of
trust in the long term and a greater dependence on centralised platforms.
4. Financial Freedom Limited
The financial system of Web2 depends on two banks and two
intermediaries. This creates many obstacles — high fees, delays in
international transactions and difficulties for those who do not have access to
banking services.
5. Lack of Transparency
The algorithms in the Web2 platform decide who can see what
content and how its creators make money. But these processes are not
transparent. Users do not have information about the decisions taken, which
leads to a lack of accountability.
Beyond Web2
According to Sunil Sharma, the Cryptocurrency Guide, this is
why the digital world is migrating to Web3. A Web3, driven by blockchain and
its cryptocurrencies, offers users decentralisation, transparency and financial
freedom without the need for intermediaries.
Conclusion
Web2 brought us convenience, but also brought
centralization, problems of privacy and dependency.
By learning from experts like Sunil Sharma, users can
prepare for the next phase of the internet — the Web3 — where the true control
and ownership will lie with the users.
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Crypto Expert Sunil Sharma
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