Web2 and Web3 refer to different generations or iterations of the internet. Here are the key differences between Web2 and Web3:

1. Centralized vs. Decentralized: Web2 is characterized by centralized platforms and services, where power and control are concentrated in the hands of a few entities like tech giants. In contrast, Web3 is driven by decentralized technologies like blockchain, where power and control are distributed among users.

2. Ownership and Control: In Web2, users have limited ownership and control over their data and digital assets. Tech companies collect and store user data on centralized servers, making them vulnerable to breaches and misuse. Web3 aims to give users full ownership and control over their data through decentralized systems and cryptographic techniques.

3. Intermediaries: Web2 relies heavily on intermediaries like social media platforms, search engines, and online marketplaces, which act as gatekeepers and control the flow of information. Web3 seeks to eliminate or minimize the need for intermediaries by enabling direct peer-to-peer interactions and decentralized applications (DApps).

4. Trust and Transparency: Web2 platforms often lack transparency, and users must place trust in the platform operators to handle their data and transactions ethically. Web3 emphasizes trustlessness and transparency through decentralized consensus mechanisms and smart contracts that can be publicly audited.

5. Monetization Models: Web2 primarily relies on advertising and user data monetization as revenue models for platforms. In Web3, new monetization models are emerging, such as token economies, micropayments, and decentralized finance (DeFi), where users can directly participate and generate value.

6. Innovation and Collaboration: Web2 innovation is mainly driven by a few dominant players, and they control the development and updates of their platforms. In Web3, innovation is more open and collaborative, as anyone can contribute to the development of decentralized protocols and DApps.

7. User Privacy: Web2 platforms often collect and track user data for targeted advertising and personalized experiences. In Web3, privacy is emphasized through cryptographic protocols and decentralized systems that give users greater control over their personal information.

It's important to note that Web3 is still in its early stages of development, and many of its concepts and technologies are still being explored and refined.

Core DAOCore DAO
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Hardening the Core Network
The end of the beginning is almost here. Mainnet is on the horizon.

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Up to this point, patience has been the hidden superpower of Core’s development. In the fast-paced world of blockchain, patience is often the last thing on people’s minds. With the constant buzz of new projects, innovations, and market fluctuations, it can be easy to get caught up in hype and forget about what matters long-term. Rather than speedrunning the blockchain development process, Core embodies the zero compromises ethos that promotes perpetual antifragility and decentralization. Core’s design, audit, partnerships, and upcoming launch have all been designed to create a sustainable future for the Core Network and Web3 as a whole.

Testnet is where patience turned into practice. With over 1.2 million unique addresses, 400k daily active addresses, and 467k daily transactions, Testnet is proof of Core’s early functionality. Already, material use-cases for the Core Network are being developed as partner projects deploy on Testnet (Details coming soon!). Given Core’s uncompromising design process, extensive audits, and early use-case development, projects on Testnet will be able to seamlessly transition to Mainnet, ushering in a new era for Core.

Most importantly, Core’s consensus mechanism, Satoshi Plus, will be fully developed and functional at launch, ready to power Web3’s decentralized future. At its genesis, Core’s delegated proof of stake leg of the consensus mechanism will secure the network with capabilities similar to those of other proof of stake protocols such as Ethereum. Unique to Core, however, the mechanism is also designed and ready from the outset to incorporate delegated hash power from the Bitcoin mining ecosystem without additional cost to Bitcoin miners. Participation from Bitcoin miners will ultimately harden the Core Network by anchoring its consensus in Bitcoin’s decentralization.

Early post-Mainnet efforts will focus on bringing Bitcoin miners onto the network. To incentivize early adoption, early delegators of hash power will qualify for incentive rewards programs. These programs increase the rewards that miners organically receive from delegating their hash power. Details for these plans will be shared at a later time. For now, suffice it to say that early miners delegating hash power to the Core Network will have three avenues for monetization: Incentive rewards, base rewards, and transaction fees (should they choose to run a validator). These early efforts serve to further decentralize the security apparatus of the network and bolster the symbiotic relationship between Bitcoin miners and the Core Network.

When Bitcoin base rewards dry up in 2040, the Core Network will still be there to provide additional rewards to Bitcoin miners. In this way, Core rewards act like a second BTC block subsidy. Combined with extraordinarily lightweight implementation, delegating hash power to the Core Network will be a financially rewarding enterprise for Bitcoin miners. By empowering Bitcoin miners with additional revenue opportunities, Satoshi Plus strengthens both the Core and Bitcoin networks.

As more participants join in securing the Core Network, Satoshi Plus will be solidified as a trusted consensus mechanism for a decentralized and scalable future. For now, the focus is on launching Mainnet. Core believers have been patiently waiting for a fully operational Core blockchain. The wait is almost over.