How can WebAssembly transform the future of web development?

WebAssembly (Wasm) is a binary instruction format designed to be a portable target for compiling high-level languages like C, C++, and Rust, enabling code to run in web browsers at near-native speed. This pivotal technology opens up new possibilities for web development by allowing developers to use a broader range of programming languages and deliver high-performance applications directly in the browser, which previously was constrained by JavaScript's limitations. As WebAssembly continues to evolve, what are some potential impacts on web development practices, browser performance, and the developer ecosystem, and how might it reshape the traditional roles between web and native applications?