What Are The Current Challenge Of Web3?

Technology is changing really fast around us and we are daily witnessing that. we do see how smartphones are chasing in the next versions from the year 2012 I have seen how the smartphone did change a lot in terms of technology. The thing most of us are still used to the web 2.0 social media platforms is Facebook, Instagram, Twitter, LinkedIn, TikTok, Reddit, etc. These all top social media platforms are based on web 2.0 technology. Web 2.0 is a centralized system and you do have no control over your account and other things related to your account, whereas web 3.0 gives you the freedom to have full control over your account.

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If web 3.0 is that useful then why it is not used that much worldwide? There are a few points that will surely cover a few things on that why web 3.0 is struggling against web 2.0.

• Scalability:

  The features of web 3.0 are really great but still, it lacks many important things. Blockchain technology is slower as compared to traditional web 2.0 websites and other social media platforms. being decentralized is the main reason why they are slow as compared to traditional platforms. This is surely affecting the scale of web 3.0 technology, there are sure many web 3.0 application and project that is really doing great. #hive is the best example of that, there are millions of users are connected to this platform but still, but it is still not that popular.
  There are sure ways to scale web 3.0 but sure it is going to take some time. When it's all done sure there will not be that many use cases for web 2.0 applications and websites.

• User experience:

  A very large population is used of the web 2.0 not all can even properly use them and then how we do think they all are able to use web 3.0 technology websites and applications that easily.
  Not all are ready to learn new things, I did try to introduce a few of my friends to web 3.0 social media which is #hive, but unfortunately, most of them are here anymore. They are kind of used to the web 2.0 platforms that much. I am kind of used to of this but it is not easy for new users. The developers are users trying their best to make them more user-friendly but not all the platforms are trying that I guess. Things are a bit complicated if you compare them with the other traditional platforms that we all are used to. The new users do have to learn a lot of new things if they do want to join any web 3.0 platforms, mostly all the things are new for them in the bringing. If you are a technical guy then sure things are really smooth for you for non-technical guys it is going to be hard for sure.

• Regulation:

  There are no regulations (not everywhere) over web 3.0, the regulations are different per country. Recently Indian government introduced the crypto regulation bill 2022. the prices are so uncertain and volatile. There are no fixed regulations and actually, the thing is no one knows who is controlling this. If you do have the money you can dump and pump the price of any cryptocurrency. People are afraid to invest in crypto. Maybe there will be global regulation law for that in the future maybe which will help users to trust a bit more to the technology. After that surely we can't say that it is totally decentralized if it is being controlled by someone/organization.
  List of Crypto Tax Guides by Country, The government wants to control everything, but it is possible to control the entire web 3.0! The applications of blockchain are called decentralized applications (Dapps), you can check the list of Dapps from dappradar website. Yes there are many Dapps available and they all are currently doing really great but sure it is going to take some time for a major adoption.

• Trust:

  we have recently seen a few cases this year where the companies get back corrupt in a few days, Now what? what about the user's funds? Users do have a lock of trust on the Daaps, if your funds are gone there is a very slight possibility to recover that. If you did transfer your funds to the wrong address may which doesn't even exist then your assets are gone boom and the internet is full of that no doubt about that (that is the case of the users).Most (majority) of the population is used to centralized systems, so it is going to be an issue after what happened in the last few months in the crypto industry it is harder to build up trust so easily. That is really going to be a bad impact on the new users for sure.

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