According to the developers of Web3, the next-generation global network, the technology will be far more secure than the existing Web2. However, according to a recent Forrester report, this is not quite true. Forrester found vulnerabilities in Web3 that are embedded in the concept of a tokenized, distributed Internet. If Web3 is implemented as currently described, attackers will have even greater ability to access user data and cause collateral damage. Web3 applications will become desirable targets for fraudsters and hackers because they use NFT or other tokens that have a relatively high value. Another important problem with Web3 is its openness, which effectively means that anyone can view and manipulate the source code of applications.
Too Large Investments to Fail
The current Internet is the so-called Web2 and focuses on user-generated content. Operating on the principle of the web as a platform, it combines blogs, social media and multiple platforms including gambling websites such as this one – https://casino-slotv.org/ . Web3 is a new iteration of the Internet based on blockchain, decentralization and tokens. According to the Web3 idea, control over data will be distributed to all users instead of being concentrated in the hands of a few large organizations as it is today. In fact, this could cause difficulties for ordinary users, who simply may not be able to cope with managing their own data and identity.
Transparency and public availability of the source code is another idea that is unlikely to be implemented in the final version of Web3 as companies and investors have put too much money into the new Internet. Both the blockchain and the tokens running on it could become targets for manipulation by third-party applications. Finally, Web2 has proven to be a relatively robust system that has stood the test of time. As for Web3, it will take a long time to discover all the potential vulnerabilities and weaknesses, as the technology is entirely new.
Web3 Compromises with Security?
Web3 is a global project that is developing at a rapid pace. In such an environment, it is always tempting to neglect security in favour of some kind of innovation. However, potential post-launch vulnerabilities can lead to even more work to find solutions and implement them. According to Forrester, Web3 developers should focus on security first. Otherwise, despite the powerful blockchain technology and decentralization, the new Internet will be no different from Web2. And that would be a great shame, given Web3’s huge potential. Once an attacker gains access to private keys or some other critical data, it will be game over and all advantages over the current version of the Internet will quickly fade into the background.