Why Current dApps Are Not Truly Web3

Web 1.0 (Read Only) served as the internet of the 1990s and early 2000s. The internet was a read-only directory of static HTML pages. User-to-user interaction was limited.

Web 2.0 (Read-Write) also known as the read-write web, began around 2004 and remains the most relevant generation of the internet in 2019. It is comprised of social media sites, blogs, and online communities that allow end-users to interact and collaborate with each other at any time and in real-time.

Web 3.0 (Read-Write-Own) aims to provide a more user-centric experience in an decentralized read-write internet. Technology enables individuals to control data privacy and data ownership by default. It provide the foundation for P2P (peer-to-peer) communication, payments, services, and marketplaces. Any individual or business can be financially incentivized to make a positive contribution to the ecosystem, resulting in a net benefit to that ecosystem.

However, there are several challenges for mainstream adoption of Web 3.0.....