Just like other pieces of software and technology, the internet or World Wide Web gets updated or improved over time. Without regular improvements, the internet would not function as well as it does. With this in mind, what is Web 3.0?
Web 3.0 is the third version of the internet. It emphasizes open, permissionless, and trustless networks with the hope that the internet will become decentralized and users will be able to browse securely and privately.
The current version of the internet is considered outdated when compared to the rapid innovation that has taken place with technology in the past 20 years. So, read on to learn more about Web 3.0 and how it will revolutionize the internet as humans know it.
What is Web 3.0 and Why Is It Important?
Simply put, Web 3.0 is the third generation or version of the Internet. It is the first internet update that makes the Web completely decentralized and that focuses on data ownership, transparency, and freedom for everyone.
This version of the Web is built using artificial intelligence, machine learning, and the semantic web, and blockchain security helps to keep all data safe and secure.
The introduction of these features in Web 3.0 is important because all major corporations like Amazon and Google profit off of the data that everyone provides for them. Because of this, there is a lot of data insecurity and people are losing control over their data.
Web 3.0 allows users to take control again by allowing them to sell data if desired or needed without sacrificing ownership and privacy.
How Does Web 3.0 Work?
The basic foundation of Web 3.0 is a blockchain, which is blocks of information arranged in a way that cannot be changed, deleted, or hacked. New blocks are automatically linked to existing ones. Blockchains can be shared but not altered, and they are decentralized to ensure security and privacy.
Another key part of the Web 3.0 infrastructure is artificial intelligence (AI) and machine learning. Both of these have evolved to make predictions that can be life-saving. The technology can also be expanded further into creating precision materials and medication, as well as models of the climate.
What Are The Features of Web 3.0?
The notable features of Web 3.0 are as follows.
The semantic web generates, shares, and connects the content visible online through analysis based on word comprehension. The third generation of the internet will go a step beyond keywords and code numbers to understand the link between products, location, and the behavior of users.
Web 3.0 will be permissionless, meaning that users will be able to interact with each other directly without the need for a middleman, central authority, or otherwise controlling organization.
Web 3.0 will also be trustless meaning that users will be able to interact in both public and private spaces without a third party exposing them to risky materials or topics
Web 3.0 is designed to be open source so any user can see the code and the community of developers that built the code are available for inquiries.
Web 3.0 will make the web available to anyone, anywhere, at any time because Internet connection capability will become available on other devices besides smartphones, tablets, and computers
This new internet will make the visual experience even better by using more 3D graphics and VR technology to the fullest.
Cryptocurrency will have more of a presence in Web 3.0. The idea is that it will be able to be exchanged for goods and services, and as a form of payment. For example, content creators would be able to earn cryptocurrency for views of their content.
All of these features are a step up from the previous internet because there is a boost in interaction and interactive material. The internet should be a place where people from all walks of life can interact and get the most out of what it has to offer.
What Is The Difference Between Web 2.0 and Web 3.0?
Although Web 2.0 and Web 3.0 look the same at first glance, there are quite a few differences between them. The first is that Web 2.0 is a read-and-write web only, meaning that people can read and write content on websites. On the other hand, Web 3.0 is a read, write, interact web where users can not only read and write content but interact with it.
The following table showcases other differences between these versions of the internet
|Centralized, all of the data and content you see is governed by a central authority
|Decentralized, no central authority, and every user owns their data
|Transactions with flat of government-issued currency like the dollar
|Transactions can be made with cryptocurrencies like Bitcoin and Ethereum
|Cookies track user data and allow for an individualized web experience
|NFTs give users tokens that have value or a perk attached to them that allows for a custom experience
|CSS and Ajax provide more dynamic control than the programming for Web 1.0
|AI is a smarter and more autonomous form of programming that has the capability for machine learning
|Relational databases define applications and content
|Blockchain technology provides more privacy and security than before
|Introduced the world to social media like MySpace and Facebook
|Introduces the Metaverse which blends the physical world, virtual world, and augmented reality together for a unique experience
From this table, you can see that major improvements exist between one generation of the internet and another. This illustrates the rapid advancement of technology.
Web 3.0 is the next generation of the internet that is decentralized, uses blockchain technology and AI to function, and is open, trustless, permissionless, and ubiquitous. People that use Web 3.0 will have more freedom and more privacy at the same time.