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blockchain-based organization dedicated to promoting new decentralized web software protocols, technologies, and applications. It was <strong>founded in 2017</strong> by Gavin Wood, Ashley Tyson, and Peter Czaban. <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptography/">
Cryptographic methods</strong></a> are used in the web software protocols to provide <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralization/">decentralization, which is for the benefit and stability of the Web3 ecosystem.</p>\n<p>The organization focuses on <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-web-3-0/">Web 3.0</strong></strong></a>, which is intended to be a decentralized and more equitable internet in which individuals have ownership over their personal data and identity. The Web3 Foundation envisions an internet in which users, not companies, own their data, where <strong>worldwide transactions are secure</strong>, and information and value are exchanged online in a decentralized manner.</p>\n<p>There are <strong>several layers to the Web 3.0 technology stack</strong> that include:</p>\n<ul>\n<li>Layer 0 that consists of meta protocols with a zero or low level of trust (e.g., Polkadot), internet overlay protocols for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-peer-to-peer-p2p/">peer-to-peer (P2P)</strong></a>, and a <strong>platform natural language</strong>.</li>\n<li>Layer 1 that consists of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-parachain/">parachains, data distribution protocols, and transient data pub/sub messaging, as well as <strong>zero or low trust interaction protocols</strong> like <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum </strong></a>or <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin./nLayer 2 that consists of plasma protocols, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-state-channel/">state channels</strong></strong></a>, distributed secret management, encrypted storage, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-oracles/">oracles, and heavy computation.</li>\n<li><strong>Layer 3</strong> that consists of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-api/">APIs and languages for developers that are protocol-extensible.</li>\n<li>Layer 4 is the protocol-extensible user-interface cradle (known as the browser).</li>\n</ul>","level":"easy","meta_title":"What is Web3 Foundation? Definition & Meaning | Crypto Wiki","meta_description":"Web3 Foundation meaning: Web3 Foundation - a blockchain company that was developed to promote emerging decentralized web software protocols, technologies, and applications.","meta_keywords":null,"language":"en","created_at":"2022-04-04T07:08:44.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-web3-foundation"},"prevSection":{"id":819,"original_id":null,"author_id":42,"translator_id":null,"title":"What are Weak Hands?","slug":"what-are-weak-hands","section":"W","keyword":"Weak Hands","status":"published","definition":"a term that is usually used to describe a trader or investor who is compelled by fear to swiftly quit positions in response to nearly any negative news about the market.","content":"<p><strong>Weak hands</strong> refer to an investor or trader who is forced by fear to quickly exit positions in response to practically any negative news or events, resulting in <strong>realized losses</strong> and lower <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-roi/">returns on investment (ROI)</strong></a>. They follow a set of rules that make their trading actions predictable, and they are easily scared by normal market price fluctuations. As a result, they end up purchasing at high prices and selling at low prices, which is exactly how they <strong>lose money</strong>.</p>","level":"easy","meta_title":"What are Weak Hands? Definition & Meaning | Crypto Wiki","meta_description":"Weak Hands meaning: Weak Hands - a term that is usually used to describe a trader or investor who is compelled by fear to swiftly quit positions in response to nearly any negative news about the market.","meta_keywords":null,"language":"en","created_at":"2022-04-04T06:21:22.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-are-weak-hands"},"currentChapter":"W","currentSection":"what-is-web-2-0","chapterTitle":"W","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-web-2-0","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter W
What is Web 2.0?
Web 2.0 MEANING:
Web 2.0 -
a current version of the web that focuses on stability for front-end users, user-generated content, interoperability, and participatory culture.
Let's find out Web 2.0 meaning, definition in crypto,
what is Web 2.0,
and all other detailed facts.
Web 2.0 is an improved version of Web 1.0 and it is a current version of the web that prioritizes front-end user stability, user-generated content, interoperability, and participatory culture.
Web 2.0 refers to a shift in how people use the internet rather than any specific technological advances. The level of information exchange and connection among participants is much higher than it was with the previous version. Web 2.0 is a read-write web, whereas Web 1.0 was a read-only web.
Users can enter a variety of data into web fields and transmit it back to servers in real-time, allowing them to communicate with hosting servers. They can obtain data as well as give data back to the server in order to receive more tailored data or see additional user-generated results. Many online service providers have been able to modify software and web services by utilizing this interactivity.
Web 2.0 also saw a significant move to cloud technology, as the abstraction of server hardware allowed businesses to be more ambitious in their web-delivered service development.
Because of the nature of this technology, it is a simple and popular way to disseminate information to a small group of individuals or a larger audience. Wikis, blogs, and social networking platforms are examples of successful Web 2.0 applications. YouTube, Facebook, and Wikipedia, to mention a few, are among the most popular ones.
