But, what exactly is Web 3.0, what will it look like, and how will it affect our lives? If you are curious to know the above, then you have reached the right place. In this article, you will get answers to all your questions related to Web 3.0.
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What Is Web 3.0 Technology?
Web 3.0 is the next step in the evolution of the Internet, allowing it to understand data like a human. It will use AI technology, Machine Learning, and Blockchain to provide smart applications to the users. This will enable the intelligent creation and distribution of vast amounts of content for every internet user.
The term "Web3" was coined by Polkadot founder and Ethereum co-founder Gavin Wood in 2014, referring to a "decentralized online ecosystem based on blockchain." In 2021, the idea of Web3 gained popularity.
Tim Berners-Lee, a developer who created the www or World Wide Web, originally referred to Web 3.0 as the Semantic Web and saw an intelligent, self-sustaining, and open Internet that combined AI and machine learning as a "global brain". appointed to work. and interpreted the contents conceptually and contextually.
Due to technical constraints, such as how expensive and challenging it is to translate human language into machine-understandable language, this idealized version did not quite work.
Following are the features of Web 3.0:
The semantic web is an evolution in online technology that enables people to produce, share and connect material through discovery and analysis. It focuses on word comprehension rather than using numbers and keywords.
It uses machine learning and artificial intelligence. The result is the formation of Web 3.0 to be more innovative and more receptive to user demands. If these ideas are combined with Natural Language Processing (NLP), the result is a computer that uses NLP.
It shows how the Internet of Things (IoT) connects various devices and applications (IoT). This process is made possible by semantic metadata, allowing efficient exploitation of all available data. In addition, one can access the Internet from anywhere at any time without a computer or other smart device.
It gives users the option to interact publicly or privately, without exposing them to threats through third parties, while providing "trusted" data.
3-D graphics are used. In fact, this is already evident in e-commerce, virtual tours, and computer gaming.
It facilitates participation without requiring consent from a ruling entity. This is without authorization.
This applies to:
Metaverses: An unlimited, virtual environment that is 3D-rendered. Blockchain video games follow the ideals of the NFT, allowing users to gain actual ownership of these game resources.
Digital infrastructure and privacy: Zero-knowledge proofs and more secure personal data are used in this application.
Financial decentralization, peer-to-peer digital financial transactions, smart contracts, and cryptocurrencies are examples of this use.
Autonomous decentralized organizations are online communities owned by the community.
What Is Web 2.0 Technology?
If Web 1.0 consists of a small group of individuals producing content for bigger users, Web 2.0 has many individuals producing even more content for an extended audience. Web 2.0 places more emphasis on participation and contribution than Web 1.0 on reading.
User-Generated Content (UGC), usability, interaction, and enhanced connectivity with other systems and devices are the main focuses of this Internet form. In web 2.0, user experience is everything. The result was that this web form was in charge of social media, collaboration, and setting up communities. Hence Web 2.0 is considered the dominant mode of web interaction for most users in today's world.
Web 2.0 is described as "the participative social Web," while Web 1.0 is described as "the read-only Web." was referred to as. With the inclusion of web browser technologies such as JavaScript frameworks, web2.0 is an enhanced and expanded version of its predecessor.
The main features of Web 2.0 are as follows:
- Contains dynamic content that reacts to user input
- It uses application programming interfaces (APIs)
- It encourages self-use and allows forms of interaction such as podcasting, social media, tagging, blogging, commenting, curating with RSS, social networking, and web content voting.
- It provides free information sorting, allowing users to retrieve and classify data collectively
- It employs developed application programming interfaces (APIs)
- It uses the developed information; It is used by society as a whole and is not just specific communities.
Comparison Between Web 1.0, Web 2.0 and Web 3.0
Web 1.0 –
Web 1.0 refers to the first stage of the World Wide Web evolution. Earlier, there were only a few content creators in Web 1.0 with a huge majority of users who are consumers of content. Personal web pages were common, consisting mainly of static pages hosted on ISP-run web servers, or free web hosting services.
Four Design Essentials of a Web 1.0 Site Include:
Static pages.
Content is served from the server’s file system.
Pages built using Server Side Includes or Common Gateway Interface (CGI).
Frames and Tables are used to position and align the elements on a page.
Web 2.0 –
2004 , Web 2.0 refers to worldwide websites which highlight user-generated content, usability, and interoperability for end users. Web 2.0 is also called the participative social web. It does not refer to a modification to any technical specification, but to modify the way Web pages are designed and used.
Five Major Features of Web 2.0:
- Free sorting of information, permits users to retrieve and classify the information collectively.
- Dynamic content that is responsive to user input.
- Information flows between the site owner and site users using evaluation & online commenting.
- Developed APIs to allow self-usage, such as by a software application.
- Web access leads to concerns different, from the traditional Internet user base to a wider variety of users.
Usage of Web 2.0 –
Web 2.0 applications tend to interact much more with the end-user. As such, the end-user is not only a user of the application but also a participant in these 8 tools mentioned below:
- Podcasting
- Blogging
- Tagging
- Curating with RSS
- Social bookmarking
- Social networking
- Social media
- Web content voting
Web 3.0 –
It refers to the evolution of web utilization and interaction which includes altering the Web into a database, with the integration of DLT Technology like: blockchain and that data can help to make Smart Contracts based on the needs of the individual. Web 3.0 is a term that is used to describe many evolutions of web usage and interaction among several paths. In this, data isn’t owned but instead shared but still be, where services show different views for the same web / the same data.
Main features That can Help us Define Web 3.0:
Semantic Web
The succeeding evolution of the Web involves the Semantic Web. The semantic web improves web technologies in demand to create, share and connect content through search and analysis based on the capability to comprehend the meaning of words, rather than on keywords or numbers.
Artificial Intelligence
Combining this capability with natural language processing, in Web 3.0, computers can distinguish information like humans to provide faster and more relevant results. They become more intelligent to fulfill the requirements of users.
3D Graphics
The three-dimensional design is being used widely in websites and services in Web 3.0. Museum guides, computer games, e-commerce, geospatial contexts, etc. are all examples that use 3D graphics.
Connectivity
With Web 3.0, information is more connected thanks to semantic metadata. As a result, the user experience evolves to another level of connectivity that leverages all the available information.
Ubiquity
Content is accessible by multiple applications, every device is connected to the web, and the services can be used everywhere.
DLT and Smart Contracts
With the help of DLT, we can have a virtually impossible to hack database from which one can have value to their content and things they can own virtually, this is the technology that enables a trustless society by the integration of smart contracts which does not need to have a middle man to be a guarantor to make that contract occur on certain cause its based on data from that DLT. It’s a powerful tool that can make the world a far better place and generate more opportunities for everyone on the internet.
How Does Web 3.0 Technology Work? How does Web 3.0 technology work?
Your information is stored on your cryptocurrency notecase in Web3.0 Technology. You'll interact with apps and communities through your Wallet, and when you log off, you'll take your data with you. Since you are the owner of the data, you can theoretically choose whether to monetize it or not.
With our Guiding principles established, we can begin to see how certain web 3.0 development features are meant to meet these objectives.
Data ownership: These businesses collect, own, and store your data when you use a platform like Facebook or YouTube. Your data is stored in your cryptocurrency wallet in Web 3.0. On Web 3.0, you'll interact with apps and communities through your wallet, and when you log off, you'll take your data with you. Since you are the owner of the data, you can theoretically choose whether to monetize it or not.
Pseudonymity: Privacy is a feature of your wallet, like data ownership, your wallet acts as your identity on Web 3.0, making it difficult to link it to your real identity. Therefore, even if someone views the activity of the wallet, they will still not be able to identify your wallet. "My personal information is hidden, but my behavior is visible." This was quoted by Nuroth.
There are some services that help customers connect to their cryptocurrency wallets used for illegal behavior. However, your identity is hidden for daily use.
Although wallets increase the level of privacy for bitcoin transactions, privacy coins like Zcash and Monero give complete anonymity to transactions. Blockchains for privacy coins allow observers to track transactions, but they are unable to see the wallets involved.
Web3.0 will have decentralized autonomous entities running apps (DAOs). Decisions are no longer made by a centralized authority, but by users who have governance tokens, which can be achieved by participating in the maintenance of these decentralized programs or by purchasing them.
In a typical corporation, the CEO is responsible for implementing changes by the shareholders. Token holders in the DAO can vote on amendments that, upon approval, are immediately incorporated into the DAO's code via smart contracts. Everyone has access to the source code of the DAO since it is democratized.
How Will Web 3.0 Change Our Lives? How Will Web 3.0 Change Our Lives?
Due to its decentralized nature, made possible by distributed ledger technology and smart contracts, Web 3.0 aims to generate sustainable results. It also reduces cost by removing middlemen, manual mediation, and arbitration.
Web 3.0 for Everyone offers a much more personalized surfing experience. Websites will be able to automatically adjust to our device, location, and any accessibility needs we have, and web apps will become more receptive to our usage patterns.
We believe that the emergence of Web 3.0 will improve our lives for the following three reasons, which we think are quite appropriate:
1. A More Customized Browsing Process
There's no denying that being able to instantly click on a particular offer is something you really need or want and you would otherwise have missed out, no matter how intrusive those ads can sometimes be.
2. Improved Search
As already mentioned, using a search engine in natural language is highly effective. The benefits far outweigh the consumer as the learning curve almost disappears, and businesses are able to optimize their websites for search engines in a more organic way as opposed to using complex keyword techniques.
3. More Advanced App Interfaces
Multidimensional Web 3.0 will help more than just websites; It will also enable web apps to provide a more immersive experience to the users. Consider a mapping service like Google, which can now include route planning, lodging suggestions, and real-time traffic updates, in addition to the basics of location search. Simply put, in the Web 2.0 era, this was not possible.
Key Applications of Web 3.0
With Blockchain at its core, Web 3.0 makes it possible for a wide range of new apps and services, such as:
NFT: Non-fungible Tokens (NFTs) are tokens that are individually unique and are placed in a blockchain with a cryptographic hash.
DeFi: Decentralized blockchain technology is being used as the foundation of decentralized finance (DeFi), a new use case for Web 3.0 that allows the provision of financial services beyond the constraints of conventional centralized banking infrastructure.
Cryptocurrency: Cryptocurrencies like Bitcoin are creating a new universe of money through web 3.0 apps that attempt to break away from the traditional world of fiat cash.
dApp: Decentralized applications (dApps) are programs that run programmatically and are logged into an immutable ledger. They are built on top of the blockchain and use smart contracts to facilitate service delivery.
Chain-crossing bridges: In the web 3.0 era, there are many blockchains, and cross-chain bridges provide some kind of connectivity between them.
DAOs: DAOs are potentially poised to play the role of web 3.0's governing bodies, offering some structure and decentralized governance.
The Future of the Internet
The world is moving towards an internet where people have complete control over their data and privacy, while companies are also allowed (or not) to take advantage of it. All this will be possible with blockchain technology.
As a result, Web 3.0 will accelerate the fair and transparent use of user data, ranging from personalized search results to cross-platform development tools and 3D graphics. In the next years, the Internet will become more immersive and engaging.
Conclusion
Web 3.0, sometimes referred to as Web 3, is the next-generation concept of the Web, in which most users will be connected through a decentralized network and have access to their own data. This article taught us about the technologies that are expected to advance and change in the coming years. Intelligent systems, semantic web, decentralization, metaverse, digital assets, and other emerging technologies will all be part of Web 3.0.
Whether web 3.0 will be successful or not, needs to be seen. But there is one thing most analysts agree that the demand for data security will be of prime importance. It follows that there will be a great need for security experts and security-related systems. At the same time, the demand for blockchain developers will also increase.
Frequently Asked Question (FAQ)
1. what are WEB 3.0 Tools?
AI, semantic web, and ubiquitous qualities can be kept in mind while designing Web 3.0. The rationale for AI is the need to provide users with faster access to more accurate data. An artificial intelligence (AI)-powered website should be able to sort through data and present information it thinks a particular visitor will find useful.
Given that the results are websites that users have chosen, social bookmarking as a search engine can lead to better results for Google. However, humans are also capable of manipulating these results. To provide results comparable to social media and social bookmarking, but without negative feedback, AI can be used to separate true results from fake ones.
The goal of a semantic web is to organize and store data in a way that can be used to teach a system what the given information means. In order to create and distribute better content, a website must be able to understand the language the same way humans understand. AI can process information into knowledge only when it understands the information.
2. Is Web 3.0 the future of the Internet?
Web 3.0 leverages AI, machine learning, and blockchain technology. It is expected to achieve real-world communication. Individuals would have the data and would be compensated for the time spent on the Internet. It sounds futuristic, and users' data and privacy will increase with blockchain technology. Thus if all goes well, web 3.0 will be the future of the internet.
