Here are the key differences between Web3 and traditional Web 2.0 technologies:

1. Decentralization:
   • Web 2.0: Centralized servers and platforms control data and services (e.g., Facebook, Google).
   • Web3: Utilizes decentralized networks like blockchain, distributing data and control across multiple nodes.
2. Data Ownership:
   • Web 2.0: Companies own and monetize user data.
   • Web3: Users retain ownership of their data, often facilitated by cryptographic keys and decentralized storage.
3. Intermediaries:
   • Web 2.0: Relies on intermediaries (e.g., banks, social media companies) to facilitate transactions and services.
   • Web3: Reduces or eliminates intermediaries through smart contracts and peer-to-peer networks, enabling direct interactions.
4. Identity Management:
   • Web 2.0: Users have multiple accounts and identities managed by different platforms.
   • Web3: Promotes a unified digital identity, often managed through blockchain-based solutions like digital wallets.
5. Security and Trust:
   • Web 2.0: Security relies on centralized authorities, which can be vulnerable to breaches.
   • Web3: Enhanced security through cryptographic methods and decentralized consensus mechanisms, reducing single points of failure.
6. Economics and Incentives:
   • Web 2.0: Monetization typically through advertising and subscription models.
   • Web3: Introduces new economic models like tokenization, where users and developers are rewarded with cryptocurrencies.

These differences highlight a shift from centralized control and data ownership to decentralized, user-centric models in Web3.