What’s the story behind Web 3.0? This question has been roaming the minds of each and every person, especially those who are still unaware of the development of the digital technology around us! Yes, we are talking about NFTs, cryptocurrencies, metaverse, and more! To meet the needs of the Internet community and high-tech individuals, the Web 3.0 was introduced! Here, we have it all covered for you, whether you are a digital enthusiast or not!
What is the Web 3.0?
Web 3 has been created to better meet the needs of Internet users. Also known as Semantic Web or read-write-execute, Web 3.0 employs Artificial Intelligence (AI) and Machine Learning (ML) to evaluate data in a manner akin to the human brain, assisting in the development and dissemination of specialized information.
Web 3.0 is a proposed future Internet version based on public blockchains. It is distinct in that it is decentralized, which implies that instead of customers accessing the Internet via services managed by firms such as Google, Apple, or Facebook, individuals control and administer diverse areas of the internet. Web 3.0 does not require support, therefore virtual transactions between two or more parties do not require a middleman or a third party. Web 3.0 essentially provides improved protection for its customers due to its powerful data capturing mechanism.
Web 2.0 vs. 3.0!
Tim O'Reilly coined the term "Web 2.0" in 2004, referring to websites and apps that make use of user-generated content. Many websites employ Web 2.0, which emphasizes user participation and cooperation. Web 2.0 also aims at expanding network connection and communication methods.
However, Web 3.0 is primarily concerned with the use of technology such as Machine Learning (ML) and Artificial Intelligence (AI) to give appropriate material for each user rather than the content provided by other end users. Web 2.0 allowed users to contribute and occasionally collaborate on-site material, however Web 3.0 delegated these tasks to semantic web and AI technology. Web 3.0 is also clearly reliant on decentralized services and authority, as opposed to Web 2.0's centralization.
What are the properties of Web 3.0?
Web 3.0 apps appear and feel the same as Web 2.0 applications, but the backend is radically different. The advent of technology such as distributed ledgers and blockchain storage, as well as data decentralization and the construction of a transparent and safe environment, has enabled the resolution of Web 2.0 issues such as centralization, surveillance, and exploitative advertising. WEB 3.0 already includes all of these functionalities. To better understand the complexity and nuances of Web 3.0, four crucial characteristics are included.
First off, Web 3.0 is a Semantic Web! This means that machines are able to analyze and control this web of data! The meaning or emotion represented by facts is the focus of semantics. The semantic web and artificial intelligence are the two foundations of Web 3.0. The semantic web will help teach the computer what the data represents, allowing AI to create real-world use cases that produce good use of the data. Semantic information is also used in Web 3.0 to promote increased data transmission. As a result, consumers enjoy a new degree of functionality that makes use of all available data.
Omnipresence, AI, and 3D graphics!
In addition to Semantic Webs, Web 3.0 is omnipresent! This property is already present in Web 2.0, for smartphones, and in Web 3.0, but the Web 3.0 experience will be available everywhere, at any time. Everything around us are connected online (Internet of Things). Hence, Web 3.0 might be labeled the "web of everything and everywhere." Moreover, websites may utilize artificial intelligence to filter and provide the best concept to consumers. Web 3.0 intends to use AI to deliver more dependable services. AI can learn to discern between good and poor data and give us with trustworthy information.
Furthermore, Web 3.0 websites and services, such as e-commerce, online gaming, and the real estate market, make extensive use of three-dimensional design, which will revolutionize the Internet's future.
This is how the Web 3.0 works!
In Web 1.0 and Web 2.0 technologies, Hypertext Markup Language (HTML) is used to describe the layout and delivery of webpages. HTML is a core layer of Web 3.0, however its connectivity to data sources and location of those data sources differs from earlier generations of the web. A decentralized autonomous organization (DAO) is a new form of governance that is popular in the blockchain and Web 3.0 communities. DAO is used in Web 3.0 technologies and communities to create a type of self-governance in an attempt to decentralize.
Furthermore, Web 3.0 is intrinsically more compatible with cryptocurrencies than with fiat cash. Finance and the means to pay for goods and services using a decentralized form of payment are supported across Web 3.0 since cryptocurrencies are all created and enabled on the blockchain technology. It is important to mention that, due to the web's huge development over the decades, Web 3.0 is constructed using IPv6 addressing space, allowing it to reach more internet addresses than Web 1.0 and Web 2.0.
Finally, here are the apps on the Web 3.0!
As previously said, Web 3.0 is built on blockchain, which allows for an increasing number of various sorts of new apps and services to arise! Yes, we know what you’re thinking and you’re right! The applications that are based on Web 3.0 are those related to NFTs, or non-fungible tokens, Decentralized finance or DeFi, as well as cryptocurrencies, such as Bitcoin or Ethereum.
In addition, there are also dApps, or decentralized applications (duh!), as well as DAOs and cross-chain bridges. Okay, let’s explain this last one. In the Web 3.0 environment, there are numerous blockchains, and cross-chain bridges allow for some degree of connectivity between them.
Web 3.0 is the internet's future, in which applications grow smarter, more anonymous, and decentralized. The internet experience will shift substantially as new infrastructure and platforms become available. The internet is an incredible resource that allows us to achieve incredible things. However, it also necessitates that we provide massive quantities of data to middleman organizations whose operations are opaque. Web 3.0 aims to alter that by establishing a more transparent and open internet.