Web3 architecture and how it compares to traditional web apps
Web3 seems like the attempt to hype a solution to a largely non-existent problem in order to &quot;keep the music playing&quot;. There are many actors with large financial stakes in the crypto ecosystem that will do anything to keep the masses to put money into the system. We&#x27;ve seen that with NFTs earlier this year, where a concerted effort was made to create hype e.g. by auctioning NFTs via Sothesby&#x27;s for 8-figure amounts (one does wonder why you&#x27;d need Sotheby&#x27;s in the world of decentralized finance), which seems to have worked as people now pay thousands of dollars for worthless GIFs. But in order to keep the price rally going you need to make people pour more and more money into the system every year. Hyping decentralized apps just seems like the next logical step here.<p>I found it quite hilarious though to see the diagram in the article that explains how a decentralized Web3 app is supposed to replace a traditional centralized system, which ended up being plastered with the logos of companies whose proprietary commercial solutions you need to operate a dApp.