As the blockchain industry evolves, so do the technologies and development practices surrounding it. Two prominent terms in the space are Web3 and blockchain development. While the two are often used interchangeably, they are in fact distinct—though often complimentary—approaches to building decentralized applications. In this article, we’ll take a closer look at the main differences between Web3 and blockchain development.
Blockchain technology is becoming a new norm, and the way we create decentralized applications is changing. Web3 and blockchain development are two distinct elements used to build such applications. Here’s what sets them apart.
Blockchain development focuses on building a blockchain-based architecture, while Web3 is an umbrella term for various tools and protocols that enable decentralized web applications. For example, a Web3 application will typically run on or interact with a specific blockchain.
Smart contracts are central to blockchain development, whereas Web3 development relies more on using existing protocols to build decentralized applications. Having said that, Web3 applications often interact with smart contracts.
Web3 protocols prioritize interoperability, allowing for seamless integration between decentralized applications and the rest of the internet, and sometimes even multiple blockchains. In contrast, blockchain development is focused on the growth of a single blockchain, which will in turn be used to build decentralized applications.
Web3 development focuses on providing a user-friendly interface and experience for decentralized applications. Blockchain development, on the other hand, prioritizes security and immutability over user experience. It’s common for end-users to interact with Web3 applications instead of the blockchain directly.
More about Web3 & Blockchain
Users can interact with each other and exchange value without intermediaries on Web3, the next generation of the internet that is designed to be decentralized. On the other hand, blockchain is a distributed ledger technology that provides secure and transparent record-keeping of transactions. While blockchain is a key technology that underpins Web3, there are significant differences between the two.
Blockchain technology replicates a secure and transparent database across a network of computers for reliable record-keeping. It enables parties to transact directly with each other, without intermediaries. The ledger is accessed via cryptographic keys, while smart contracts execute agreements automatically based on predetermined conditions.
On the other hand, Web3 is a decentralized and open internet architecture that enables users to interact with each other without intermediaries. This is achieved through the use of decentralized protocols and platforms, such as IPFS, Ethereum, and Polkadot. These platforms provide a framework for the development of decentralized applications (dApps) that operate on a peer-to-peer network, allowing for secure and transparent communication and value exchange.
One of the main differences between blockchain and Web3 is that blockchain is primarily focused on providing secure record-keeping, while Web3 is focused on creating a new internet architecture that is decentralized and open. While blockchain is a key technology that underpins Web3, it is just one piece of the puzzle. Web3 is much broader in scope, encompassing a wide range of protocols, platforms, and applications that are designed to enable decentralized interactions and value exchange.
While Web3 and blockchain development are both crucial components of building decentralized applications, they differ in their approach, architecture, programming languages, and user experience. By understanding the differences between the two, developers can make more informed decisions when building decentralized applications.
In summary, blockchain and Web3 are related but distinct concepts. The distributed ledger technology of blockchain ensures secure and transparent record-keeping. Web3’s decentralized and open architecture allows secure, intermediary-free communication and value exchange. Although blockchain is fundamental to Web3, the two differ significantly, and Web3 presents a more expansive and ambitious vision for the internet.