1. What is the difference between 1.0, 2.0 & 3?
2. What is IPFS and how does it work?
3. What is DAO and how does it work?
1. What is the difference between 1.0, 2.0 & 3?
Web 1.0 was the first iteration of the World Wide Web, and it was launched in 1989 by Tim Berners-Lee. Web 1.0 allowed users to share text and files using the file transfer protocol (FTP), and it was accessed primarily through desktop computers. Although web 1.0 was a major breakthrough in terms of communication and collaboration, it was limited in terms of functionality and customization.
Web 2.0 emerged in the late 1990s and early 2000s, and it featured more dynamic and user-friendly web applications. web 2.0 allowed users to interact with each other and with web-based applications, and it opened up new possibilities for online collaboration. Thanks to web 2.0, we now have social media, blogs, wikis, and other user-generated content.
Web 3.0 is the next stage of the World Wide Web, and it is still in its early stages of development. web 3.0 promises to be even more interactive and personalized than web 2.0, and it holds the potential to transform the way we use the Internet.
2. What is IPFS and how does it work?
IPFS is a decentralized, peer-to-peer file sharing protocol that is used to store and share data in a distributed fashion. IPFS enables users to connect to each other and access files without the need for a central server. IPFS uses a content-based addressing system, which means that each file is given a unique identifier based on its content, rather than its location. This makes IPFS resistant to censorship, as it is very difficult to remove a file from the IPFS network once it has been added. IPFS is often used in conjunction with web3 technologies such as Ethereum, as it provides a way to securely store and share data in a decentralized manner.
3. What is DAO and how does it work?
DAO is an acronym for "decentralized autonomous organization." A DAO is a type of organization that is run through code rather than by a central authority. DAOs are created by smart contracts on a blockchain network, and they are powered by tokens. DAOs are designed to be transparent and decentralized, meaning that anyone can participate and there is no central point of control. Decentralization is a key principle of DAOs, and it helps to provide security and accountability. DAOs have the potential to revolutionize the way that organizations are run, and they offer a new model for governance that is more democratic and efficient.
A decentralized autonomous organization that is run by a group of people who come together to cooperatively manage a shared resources. DAOs are often formed to provide a service or produce a good that is beneficial to the group. The key feature of a DAO is that it is decentralized, meaning there is no single person or entity in control. This allows DAOs to be more nimble and responsive to change than traditional organizations. Additionally, DAOs can offer increased transparency and accountability, as well as lower transaction costs. For these reasons, DAOs have the potential to revolutionize the way we cooperate and manage shared resources.