what is web 3.0?

Web 3.o – the third generation of internet

The worldwide Web as we know it is maturing and evolving. In a word, the dawn of Web 3.0 is forthcoming, and nothing can stop it. We are all the same here; Web 3.0 favours equality and transparency. Make yourself comfortable and welcome the new era of digital data ownership.

What Is Web 3.0?

Web 3.0 is, generally speaking, the third generation of the internet, although the definition may vary relevant to the source. Some sources refer to Web 3.0 as Semantic Web or the Spatial Web.  

For instance, If we fragment the evolution of the internet into segments – the first generation was simple web pages. The second generation is mass adoption, apps and social media,

The emerging blockchain-based Web would be internet 3.0. Web 3.0 is better connected, user-friendly, more secure and vastly more private.

In the new world of web 3.0, You and nobody else will own personal data.

Given that Web 3.0 employ blockchain technology to create a truly decentralised internet., this is the first natural step towards the metaverse. An impartial metaverse, offering actual digital data ownership via NFTs, is only and exclusively possible on Web 3.0.

The third generation internet will connect devices in a decentralised network rather than on server-based databases. We will own our data independently and not store them on big data companies servers. As a matter of fact, centralised servers will become obsolete.

History of the Internet

Web 1.0 (1990 – 2005)

Web 1.0 was the first generation of the internet, basic web pages accessible and commercialised for the first time. Protocols such as HTTP, HTML and XML come from the beginning of the world wide web.

As a result, the first web browsers came during web 1.0, the first ISPs that allowed you to connect (via dial-up), and the first web development tools. Software languages such as Java and Javascript originate during the early days of the internet.

web 1.0
web 1.0

Web 2.0 (2006 – present day)

 Darcy DiNucci coined the term web 2.0 in 1999. She predicted the level of influence on the general public. Her prediction referred mainly to the participatory culture through user-generated content, social media and widespread accessibility.

Web 2.0 revolutionised how we live. All of a sudden, everyone could broadcast and create content.

The current generation Web drove the social media explosion. Due to WhatsApp or FB Messenger, digital communication reaches incredible highs, making SMS and phone calling redundant. All things considered, hard to imagine the world without YouTube and Facebook. 

web1.0 vs Web 2.0

The main distinction between web 1.0 and web 2.0 is the widespread mobile internet access. Almost 4 billion people have internet access today, compared to just 1 billion in 2005.

As we know, Web 2.0 is mainly responsible for placing our data firmly in the hands of large centralised corporations. Seeing that the end-user never receives a penny from the sale of personal information, this system became quickly corrupt. Selling of the databases becomes hugely lucrative. Exploitative advertising quickly becomes how big businesses make money using personal data through targeted advertising. 

The original concept of the internet- decentralised Web where network participants are equal is slowly but surely lost – a considerable paradigm shift needed to get back on course

web 2.0

Web 3.0 (Imminent)

Tim Berners-Lee, the inventor of the World Wide Web, spoke about the original concept of a semantic web way back in 1999. Describing his vision for the future, TimBL said:

“I have a dream for the Web [in which computers] become capable of analysing all the data on the Web – the content, links, and transactions between people and computers. A “Semantic Web”, which makes this possible, has yet to emerge. Still, when it does, the day-to-day mechanisms of trade, bureaucracy and our daily lives will be handled by machines talking to machines. The “intelligent agents” people have touted for ages will finally materialise.”

What is the Semantic Web?

The semantic Web envisioned by Tim and Web 3.0 is not the same thing but close enough for this narrative.

In essence, the next generation of the internet combines machine-learning artificial intelligence with blockchain technology, integrating several emerging technologies.

Web 3.0 is the new world of intelligent search engines. For this reason, machines will be capable of reading, learning, understanding user data and responding automatically to any enquiry.

Why is Web 3.0 Important?

Web 3 websites will be immersive and easy to use, feature enhanced security, and offer complete privacy.

In order to make Web 3.0 sites permissionless and trustless, peer-to-peer networks will create decentralised applications (dApps).

As we know, social media could benefit humanity. For example, Web 3.0 could reward it instead of exploiting user participation financially or otherwise. The development of decentralised social media platforms will be exciting, removing the need for endless scrolling (gathering data).

Web 3.0 Benefits

Web 3 technologies will dramatically improve beyond Web 2.0. It is hard to begin to imagine all the benefits of the new internet era – here are a few of the expected benefits of Web 3.0.

  • Privacy.  Most importantly, Web 3.0 will focus on privacy and security instead of control and surveillance. It will empower you to choose which data you’d like to share and which you’d like to keep to yourself. Personal data will be owned by you and nobody else.
  •  Security. Another important point, Web 3.0 will be more secure than previous iterations of the internet. This will be made possible through blockchain technology and its decentralised nature. Hackers will find it nearly impossible to exploit the network, and if they were able to penetrate it, their operations can be tracked. In reality, 51% of attacks are still possible in a decentralized network. Most blockchains have built ways to defend themselves against such an event. As we can see, Elastos solved thisissue by merge-mining with BTC serves as an extra security layer. The current web 2.0 has none of these security measures.
  • Decentralization. Web 3.0 will not incentivize centralised networks. This is key to a fair and trustless democracy of any kind. It will be transparent.

This is for everyone

  • Data ownership. Trust will be more natural in Web 3.0. In contrast to Web 2.0, no need to give our data away to big corporations any longer. Because you will own it yourself. In effect, users of Web 3.0 will be able to sell their data and earn from it or keep it private.
  • Ubiquity. We can access the same information and data from multiple applications without the need for one specific device. To clarify, there’s no need to upgrade your phone from a Web 2.0 device to a Web 3.0 one. The integration will be automatic and the vast majority of users will connect without even realising it.
  • Interoperability. Developers will find it increasingly easy to build new dApps. Given that dApps will work on all smart devices, we can look forward to an interesting future.
  • No Interruptions. As there is no central authority, there is no a single point of failure. In short, if one node fails, the rest continue.
  • Semantic Web. The semantic web enables data to be shared across a multitude of platforms, systems and communities. In fact, It will act as a bridge for different data formats, leading to enhanced connection.
  • Permissionless Blockchains. In reality, anyone will be able to join and contribute, because code does not discriminate

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