Billions of people utilize the internet to read, exchange, and write data and connect with unknown people. The world Wide Web has been evolving enormously over many years. Its present applications are nearly unrecognizable from its early days. The three stages of web evolution are web 1.0, Web 2.0, and Web 3.0.
The sole purpose of Web 1.0 is to obtain information from the internet. The goal of Web 2.0 is to bring people together. Web 3.0 brings people together and empowers them to participate with the system, making our online experience more relevant, beneficial, and enjoyable.
What Is Web 3.0 In Crypto?
We mention cryptocurrency When you talk about Web 3.0. The reason behind this is that protocols of Web 3.0 rely heavily on cryptocurrencies. It offers tokens to everyone who wants to create, contribute, govern, or improve any project. These tokens are digital assets linked to the goal of establishing a decentralized internet. These protocols help to provide services like bandwidth, identification, computation, storage, and other online services.
Web 3.0 relies on non-replaceable tokens, blockchain entities, and virtual currencies. For example, on Reddit, Web 3.0 devised a mechanism to employ cryptocurrency tokens. The concept behind that is users use “community points” to earn by posting a specific subreddit. Then users earn points based on how upvote or downvote a particular post gets from other users.
Potential Of Web 3.0
- Web 3.0 has the potential to usher in a future web that is consumer-centric and open-source, with privacy and security as top priorities.
- Machines and users would be able to exchange data and value via a peer-to-peer network.
- It facilitates trustless data sharing, automatic cryptocurrency-based payments, and simple ownership transfer, which will profoundly alter human-machine interaction.
- The semantic web allows for decentralized autonomous organizations (DAOs), global scale decentralized autonomous enterprises (DACs), self-sovereign identities, and a decentralized data marketplace, to name a few.
Comparison Of Web 1.0, Web 2.0, And Web 3.0.
There are significant differences between Web 1.0, Web 2.0, and Web 3.0. However, both Web 2.0 and Web 3.0 advocate for decentralization. An app that runs on a single server or stores data in a single database is not common in Web 3.0.
Web 1.0
- It is the very first version of the internet.
- You can consider it as a read-only or syntactic web.
- Web 1.0 was prevalent from 1991-to 2004.
- In this maximum of the participants were content consumers. On the other hand, the group of web developers who build websites and deliver primarily in the text or graphic format is larger.
- In Web 1.0, sites offered static content rather than the dynamic hypertext markup language (HTML) used in Web 1.0.
- There was limited interaction on the websites, and data and content came from a static file system rather than a database.
Web 2.0
- Web 2.0 is the current incarnation of the Web.
- In the era of Web 2.0, you do not need to be a developer to contribute to the development process.
- Web 2.0 has created many applications so that anyone can design them. You can think and share your ideas with the rest of the world in Web 2.0.
- You can also upload a video to be viewed, interacted with, and commented on by millions of people. Web 2.0 apps include Youtube, Facebook, Flickr, Instagram, Twitter, and other social media platforms.
- The utilization and centralization of user data are necessary for the web to work as we know and use it today. As a result, data breaches in Web 2.0 applications are ordinary. There are also websites dedicated to tracking data breaches and telling you when your data is compromised and at which website.
Web 3.0
- Web 3.0 is the era from 2010 onwards that indicates the future of the web.
- It is also known as read-write execute or Semantic web.
- In this version of the internet, Machine Learning (ML) and Artificial Intelligence (AI) enable computers to analyze data as we humans do. It aids in the intelligent generation and distribution of content valuable to user-specific needs.
Properties Of Web 3.0
The transition from Web 2.0 to 3.0 is taking place slowly and without any notice from the general public. Web 3.0 applications look and feel the same as 2.0 applications, but the back-end is fundamentally different. To further understand the complexity of Web 3.0, let us look at its four qualities
- Semantic Web
The Semantic Web is a crucial part of Web 3.0. Tim Berners-Lee coined the term to denote a web of data that systems can comprehend. So, what does that indicate in plain English? Semantics is the study of the meaning and emotion conveyed by facts. The semantic web educates the machine to understand what data means and allows AI to generate real-world use cases for the data. The chief purpose behind this is to create a knowledge spiderweb that will help people comprehend what words mean and to procreate, share and connect content with search and analysis.
- 3D Graphics
The growth of the internet from a simple two-dimensional web to a more realistic three-dimensional cyberworld is possible with Web 3.0. The websites and services like online gaming, e-commerce, and real estate market considerably use three-dimensional design.
- Artificial Intelligence
It enables websites to filter and present the most relevant information to users. Filtration is done based on feedback collected from the clients in the present Web 3.0 era for better determining the quality of a product or asset.
- Ubiquitous
The term ubiquitous means present everywhere or omnipresent. The Web 3.0 experience will be accessible anywhere, at any time, thanks to the expansion of mobile devices and internet connections. The internet will no longer be limited to your desktop computer or smartphone, as was with Web 1.0 and Web 2.0. It will be all-knowing and all-powerful. Web 3.0 might be labeled the web of everything and everywhere because most things around you are connected online (Internet of Things).
Takeaway Points
Web 3.0 is a third-generation internet service that functions similarly to intelligent humans. When we enter information into applications and websites, it is as if we are talking to the internet. Web 3.0 was first referred to as a Semantic Web by Tim Berners-Lee (the creator of the World Wide Web). Web 3.0’s goal is to develop a more intelligent and open system to interact with technologies like Machine Learning (ML), Big Data, and decentralized ledger technology (DLT).
The base of Web 3.0 apps is mainly on blockchain systems, decentralized networks of many participant nodes (servers), or a combination of the two. Decentralized apps (DApps) are the word for these programs, and you will hear it a lot in the Web 3.0 community. Participants in the network (developers) are encouraged to provide high-quality services to create a robust and secure decentralized network.
Wallets