The advancement from Web2 to Web3 is believed to be a revolution already in motion. However, few understand just how powerful the implications can be. To illustrate, consider Web2, which marks the era following the dot-com crash. The internet users became accustomed to quicker internet speeds, the rise of streaming sites like YouTube, social media and the mobile internet.
Although unintentional, the change in the way the internet was consumed also shifted the foundation of the internet to be increasingly centralized by major tech firms like Facebook and Google. For the end-user, this meant personal data was being collected by these intermediaries in exchange for people using their "free services."
Web3 aims to return ownership to its users by running decentralized applications (DApps) on the blockchain, a network of peer-to-peer nodes. The intention is to return the internet to its original form as Web1, where no permissions are required from a central party and data belongs to the user. Unfortunately, despite the potential held in Web3, developers still lack a clear path forward and much of the know-how to transition their efforts from a centralized foundation to a decentralized one.
ThunderCore, a public chain aimed at delivering a high-performance, EVM-compatible and cross-chain interoperable solution, is just one project that has recognized the implications of this revolution. To support an increasingly hyper-connected world, ThunderCore has shared news of a rebrand to bring the project up to par with the latest technology developments. In the words of their team, this rebrand will "empower Web2 partners to enter the boundless creative world of Web3."
Achieving this becomes crucial, as the project team believes that Web3
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