Already, we have observed how cryptos took a beating. As it is, the governments world over do not favour cryptos as they cede their ability to manage their own fiat currency and macro-economic policies by allowing cryptos to flourish. Besides, cryptos foster dubious economic activities.

Web 3.0 is defined as the decentralised web should be promoting blockchain being used for non-cryptocurrency uses. Web 1.0 was static and decentralised. Web 2.0 currently is centralised and has fostered Big Tech. Web 3.0 copies the decentralised nature of Web 1.0, while keeping the advantages of Web 2.0.

In Web 3.0, things get moving on clicking OK on prompts. Or else you must be someone who can write his own code or drag and drop from code libraries. There are several OK prompts, and control is ceded to a centralised middleman. This middleman enables you to do what you want to get done. It appeals to us as it is convenient. Besides, if it is free, it becomes all the more appealing.

In Web 2.0, we are used to click OK when we encounter lengthy legal agreements. This along with cookies created the permission to exploit our data and created the centralised Web 2.0. With cloud computing, even larger organisations ceded control to outside organisations.

In Web 3.0, we cannot write a code on our device to communicate with an underlying blockchain. Web 3.0 apps bank on one or two companies –Alchemy and Infura. Even digital wallets storing cryptos are linked to companies. Web 3.0 thus is subservient to middlemen. Users here depend on one or two middlemen or centralisation to transact on a so called decentralised system.