Web 3.0, also known as Web 3 is a term used to describe the next generation of web technologies. 3 Decades ago when the internet boom started no one predicted that it would become our daily life essential.
Today, we are already living in an era where web3.0 exists but it has not yet been able to go viral as did web2.0. We have seen some big companies starting to get into the world of web 3.0 like Facebook which recently changed its name to Meta.
Now, Web 3.0 is here it will also change how we use the internet in our daily lives and as a result, we will now use the internet not as a service but also as our identity and ownership and this will transform society forever.
What is Web3.0?
Web 3.0 is the next stage of the internet. It is a web that focuses on the user experience and interaction between people. This means a more personal experience with websites, mobile apps, etc. It also means a much more social experience where you are able to connect with other people in ways you have never been able to before.
Web 3.0 is based on the technologies that are designed to make our lives easier by providing better access to information, protecting users’ privacy, making data transfer more secure, and ultimately improving speed and performance.
Web 3.0 is going to be revolutionary because it will allow people to interact with each other in new ways through an interactive platform. This could lead to a completely different way of thinking about social media altogether and will be a game-changer.
Web 3.0 will open enormous opportunities for a user. Users will be able to use the internet anywhere from anywhere. It will give users complete authority to engage with anyone without getting worried about their data privacy.
How did it all start?
Web 1.0 and 2.0 are the first era of public Internet that occurred in the 1990s and 2000s respectively. In these eras, people accessed the web using a PC or laptop.
Web 1.0 refers to the first generation of websites that were designed to share information and connect users with information sources. This was the beginning of the modern web, which is what most people know as the World Wide Web
There were only pages written in HTML which you can only read. You were not able to interact or do something creative online. It was a perfect world for readers and writers.
Then came the great Web 2.0 which changed almost everything. It enabled the user to interact with one another. Users can now create content online. Social Media is the best example of web2.0.
Web 3.0 is the third era of public internet that began in 2010. Unlike Web 1.0 and 2.0, Web 3.0 is more complex than 1.0 and 2.0 because it has a different set of technologies working together t make a user’s life easier than before.
Web 3.0 has seen tremendous growth since its inception in 2010, with NFTs, Metaverse, and cryptocurrency. We have seen a tremendous amount of money that has been invested in these Web 3.0 utilities. We have seen in the last couple of years that many companies sold NFTs for millions of dollars.
The crazy for Web 3.0 is just getting started as people are getting interested in decentralized frameworks.
How technology is changing the web?
The web is changing and has changed. It’s gone from being a static system to one in that people interact in new ways. The changes to the web have been so dramatic over time that they have created a new wave of innovative technologies.
Edge computing is a computing model that uses the network edge for data processing, storage, and delivery. In other words, it’s a way to process and store data at the point of origin, instead of in the cloud.
According to Intel, by 2025, about 75% of data will be created outside of centralized data centers.
The benefits of edge computing are speed and security. And because data isn’t transmitted over the internet, it avoids high-bandwidth costs and latency issues associated with cloud computing. This will enable users to be able to own their data in real-time.
The internet is currently in a state of flux as more and more power is pulled from the central authorities and given to the average person. Just like we’re seeing with Bitcoin, blockchain technology may be another step in this direction, even though it was originally intended for entirely different purposes.
So what exactly is blockchain? Essentially, it’s a decentralized data network that keeps a record of all transactions. With blockchain, there’s no longer any need for centralized servers that store your data and communicate with other servers – all that information sits on the blockchain and is distributed among users.
Blockchain technology is decentralized. It provides a time-stamped register of transactions embodied in a chain of blocks that cannot be altered retroactively. The blockchain contains all the information about a given project that needs to be shared among all parties involved. Each party has access to the entire blockchain so that everyone knows where each asset is on the blockchain.
Blockchain will be the core of Web 3.0 as all transactions will be recorded on this decentralized ledger. It will give users more authority and trust.
Artificial Intelligence & Machine Learning
Artificial Intelligence is the future and everyone is talking about it. The terms Artificial Intelligence and Machine Learning are often used interchangeably, but there are some distinct differences between the two.
Artificial Intelligence is a broad term that can be used to describe anything from a chatbot that replicates human conversation to a computer vision system that can identify objects in an image.
Generally speaking, Artificial Intelligence is the ability of a computer or machine to mimic human thought processes and learn from past experiences.
Machine learning is a subset of artificial intelligence, where computers are able to learn from data without being programmed explicitly.
Artificial Intelligence and Machine learning will enhance the capability of Web 3.0.
Why Web 3.0 is important?
The current internet is quite different from the idealized vision of “the Web”. The Web was supposed to be a free and open place, where any user could access it regardless of their location, interests, or history. It was supposed to be an equalizer for marginalized voices that would create a more informed citizenry.
The Web today is not this utopia. As it turns out, the commercialization of the Internet has resulted in several corporations having even greater control over how we get our content than governments themselves. This fractured the original promise of the internet and resulted in the creation of a new internet.
The Web has come a long way since the first website was published in 1991. In the present, there are billions of users across the world who use the internet to find information, news, products, and more. The World Wide Web is a powerful tool for marketing companies and brands, but it is not without its limitations.
Unfortunately, the Internet today is not what we hoped it could be – it’s filled with spam, malware, and cybercriminals. It’s also riddled with inefficiencies, which slow down our access to information.
With the new web 3.0, it will all be changed. Everything will be on a decentralized network. Users will have full authority over their data. The data will be available to everyone and could be accessed from anywhere. Users will have ownership of every data they create and no one would be able to access their data without the user’s permission.
As the internet continues to grow, it’s important to understand how web 3.0 will impact its future. With the exponential growth of technology, we can expect many major changes in the next few years.
Web 3.0 will change the way we interact with the internet, and it holds a lot of potential for the future of business. In this article, we’ve provided some insight into what web 3.0 means for you, If you have any questions about web 3.0 that weren’t answered here, please feel free to comment and ask your questions.
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