WEB3 AND THE DECENTRALIZED INTERNET

 

🌐 Evolution of the Web

GenerationEraCharacteristicsExamples
Web 1.01990s-2000sRead-only, static pagesGeoCities, early Yahoo
Web 2.02000s-PresentRead-write, social, interactiveFacebook, YouTube, Twitter
Web 3.0EmergingRead-write-own, decentralizedEthereum, IPFS, decentralized social

🔧 Web3 Technology Stack

text
┌──────────────────────────────────────┐
│           USER INTERFACE              │
│  (dApps, Wallets, Browsers)          │
├──────────────────────────────────────┤
│          APPLICATION LAYER            │
│  (DeFi, NFTs, DAOs, Gaming)         │
├──────────────────────────────────────┤
│          MIDDLEWARE LAYER             │
│  (Oracles, Indexers, Identity)       │
│  Chainlink, The Graph, ENS          │
├──────────────────────────────────────┤
│          PROTOCOL LAYER              │
│  (Smart Contract Platforms)          │
│  Ethereum, Solana, Polygon          │
├──────────────────────────────────────┤
│          NETWORK LAYER               │
│  (Consensus, P2P Communication)     │
├──────────────────────────────────────┤
│         INFRASTRUCTURE LAYER         │
│  (Node Providers, Storage)          │
│  Infura, Alchemy, IPFS, Arweave    │
└──────────────────────────────────────┘

🏛️ DAOs (Decentralized Autonomous Organizations)

DAOs are organizations governed by smart contracts and community voting.

How DAOs Work:

  1. Members hold governance tokens
  2. Proposals are submitted for community review
  3. Token holders vote on proposals
  4. Approved proposals are executed automatically
  5. Treasury is managed transparently on-chain

Notable DAOs:

DAOPurposeTreasuryToken
MakerDAOStablecoin governance$8B+MKR
UniswapDEX governance$3B+UNI
AaveLending governance$500M+AAVE
LidoLiquid staking governance$15B+ stakedLDO
ArbitrumL2 governance$3B+ARB
ENSDomain name governance$1B+ENS
OptimismL2 governance$2B+OP
ConstitutionDAOAttempted to buy US ConstitutionN/APEOPLE
NounsGenerative art & public goods$50M+NOUNS

🆔 Decentralized Identity (DID)

SolutionWhat It DoesBlockchain
ENS.eth domain namesEthereum
Lens ProtocolDecentralized social graphPolygon
FarcasterDecentralized social networkEthereum/Optimism
WorldcoinProof of personhood (iris scan)Ethereum
Gitcoin PassportReputation scoringEthereum
Soulbound TokensNon-transferable credentialsVarious
Ceramic NetworkDecentralized data streamsMulti-chain
SpruceIDSelf-sovereign identityMulti-chain

📦 Decentralized Storage

PlatformHow It WorksTokenUse Case
IPFSContent-addressed P2P storageN/A (protocol)Web hosting, file sharing
FilecoinIncentivized IPFS storageFILLong-term data storage
ArweavePermanent storage (pay once)ARPermanent data archival
StorjEncrypted distributed storageSTORJCloud storage alternative
SiaDecentralized cloud storageSCEncrypted file storage

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