Future of web3 — why it is not super bright?

When it comes to learn about new technologies, it can be extremely important to know if it has a bright future.

Nobody would like to jump into some tech branch, with full commitment, knowing that it is going to nowhere. That is why, it is crucial to get acquainted with the thesis of it growth and collapse.

In this article, it will be considered, if web3 is fully entrenched in the modern technology.

Agenda:

• Intro,
• Regulations,
• Businesses adaptations,
• New Internet?
• Safety,
• Conclusion.

Regulations

Every business needs a law behind some solutions it adapts. Even blockchain and decentralization has to be somehow regulated to make a significant step in the future.

Nowadays, it can be little unclear, if for example dropping all the money in creating new dapp is not a rash action, which expose all invested funds to be highly restricted.

Growth of web3 technology is connected with the size of business which adapt it. As big tech joins to decentralized solutions, the situation with regulations will be clearer. It can even allow countries to scale decentralized solutions.

One of the latest informations provide that not only small governments of countries like Tajikistan, Ecuador implements blockchain in. different branches of the industry, but also bigger like Italy.

Businesses adaptation

The overall sum of transfers in digital crypto assets is showing fluctuations on the market and grow trend of web3 in the wider scale. Crypto market is one of the factors which define the future of blockchain. However, more impactful are true investments in real life businesses.

A lot of huge companies are investing in blockchain based solutions. It includes: Disney, Amazon, Microsoft, alibaba. They are scaling their solutions with web3. Final products probably will be visible in the near future.

New Internet?

Blockchain technology growth is often compared with the Internet. Amount of users is not rising linearly but rather exponentially. Each additional user adds few more connection in the network, what makes it more scalable.

The same situation was with the Internet, each new user made significant grow of the network. Moreover, the generation change is more likely to speed up the process of widening web3 reach. Each year new web3 adepts are older and joining the network.

Safety

One of the most fundamental aspects to fulfill, before making blockchain a new Internet, is its security. In every aspect of life are scammers, who wants to get rich in stealing somebodies assets.

Crypto wallets can be considered as one of the most secure way of storing holdings, but there is an aspect which can not be approved by any user with the minimal knowledge of cryptography. It is the access to wallet with private keys.

Wrongly typed seed phrase and wallet is locked forever. In traditional Web2 solutions, there is always a way of recover a password or get assets from bank. However, web3 is known of its true decentralization and making solutions to prevent such situations is not correct with its true destiny.

Conclusion

Web3 can be perceived as the very prospective technology, but with limitations which can make standard users not joining the decentralization trend. It can not be skipped, that most of the people do not want to widen knowledge in any aspects of life.

Such a modern and comfortable approach to life, can make blockchain less accurate for the achieving common demands of the people.