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How Web 3.0 Is Going To Impact The Digital World?

Web 3.0 – The Next Generation Internet

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The year 2021 already has proven to be important for the entire crypto industry. In October 2021, the market capitalization of all cryptocurrencies reached $3 trillion, which is the largest level ever. Other crypto components, such as non-fungible tokens (NFTs), the Met-averse, and Web 3.0, significantly increased in popularity and use along with just currencies.

Web 3.0, often known as Web 3, is the next generation of the internet, one that emphasizes the transfer of power from major computer firms to individual users.

What is the Web – World Wide Web?

The World Wide Web, often known as WWW, W-3, or the Web, is a network of open Web-Pages that can be accessed via the Internet. The Web is actually an information system where documents and other web resources are identified by Uniform Resource Locators (URLs, like https://example.com/), which may be connected via hyperlinks, and are accessible over the Internet. The Internet is different from the Web. It is one of the programs created using the Internet as a foundation.

The web is a platform for viewing and disseminating information online. That data is written on web pages that a web browser serves up, whether it be text, music, photographs, videos, or anything else.

The English scientist “TIM BERNERS-LEE” and his colleagues at CERN, a global organisation for science with headquarters in Geneva, Switzerland, started working on the World Wide Web in 1989. As a worker at CERN near Geneva, Switzerland, he created the first web browser in 1990. Prior to being made available to the general public in August 1991, the browser was made available outside of CERN to other research organisations beginning in January 1991. They developed the HTTP protocol, which standardized communication between servers and clients.

The most intriguing aspect is that no one entity or group has complete control over the internet. No one person, organisation, or nation may claim ownership of the entire system, much as the worldwide telephone network. However, other people, businesses, and governments own different portions of it.

Prior to talking about WEB 3.0, it’s important to understand web 1.0 and web 2.0.

Web 3.0
How Web 3.0 is Going To Impact the Digital World?

Web 1.0 – The First State of the Internet:

Despite only providing access to a small amount of information and requiring little to no user input, WEB 1.0, also known as the Static Web, was the first and most trustworthy internet in the 1990s. Making user pages or simply commenting on articles wasn’t common back then.

Features:

  • Users found it very challenging to locate pertinent information in Web 1.0 because there were no algorithms for sorting internet pages.
  • To put it simply, it was similar to a one-way street with a small pathway where only a small number of people created material and where the majority of the information came from directories.
  • Without the additional images, functions, and forms that are there when we log in today, the early Internet was mostly made up of web pages connected by hyperlinks.
  • Individual Web Pages were often composed of static web pages that were hosted on free web hosting services or web servers maintained by internet service providers (ISPs).

Web 1.0, the initial version of the web, ran from 1989 to 2005. A web of information linkages was how it was described. TIM BERNERS-LEE, the creator of the World Wide Web, claims that the Internet is a “READ-ONLY” network. In other words, the early web enabled us to read and search for information.

Static web sites and personal websites are two examples of Web 1.0.

Web 2.0: The Present Generation Of Internet: 

Websites that emphasize user-generated content, ease of use, participatory culture, and interoperability (i.e., compatibility with other products, systems, and devices) for end-users are referred to as WEB 2.0 (also known as participative or participatory web and social web).

Through social media conversation, users are given the opportunity to interact and collaborate as co-creators of user-generated content on Web 2.0 websites. This is in contrast to the first wave of Web 1.0 websites, where users were only able to passively consume the material.

Features:

  • Web 2.0 refers to the current state of the internet, which, in contrast to its former version, contains more user-generated content and is more user-friendly.
  • A broad range of websites and applications that allow anyone to create and share their own online content are collectively referred to as “Web 2.0.”
  • Rich user experience, user engagement, dynamic content, metadata, Web standards, and scalability are among the traits of Web 2.0, in Best’s opinion.
  • The fact that technology enables people to create, share, collaborate, and communicate is a crucial aspect of technology.

Darcy DiNucci originally used the term “WEB 2.0” in 1999, and Tim O’Reilly and Dale Daugherty popularized it in late 2004 at the first O’Reilly Media Web 2.0 Conference. The second generation of the World Wide Web, which is still in use, is referred to by the phrase WEB 2.0, which was coined in 2004.

Numerous blogs, Facebook, Twitter, Wikipedia, and other Web 2.0 sites are examples of how these platforms have changed how information is exchanged and disseminated.

Web 3.0
What is Web 3.0?
Web 3.0 – The Next Generation Of the Internet:

Semantic Web, commonly referred to as Web 3.0 or Web 3, is a concept for a future version of the World Wide Web that would include decentralization based on Blockchains. This is the next stage in the growth of the internet, where information would be processed with intelligence that is almost human-like, thanks to the capacity of AI systems that might operate intelligent applications to help users.

This includes a number of technologies to organize and arrange data found on the internet so that it is accessible to and useful by software owing to a metadata system.

Features:

  • The third generation of the Internet, or Web 3.0, is a global network that allows for intelligent communication between all of its users and gadgets.
  • Information is more interconnected with Web 3.0 because of semantic metadata. As a result, the user experience advances to a higher degree of connectedness that makes use of all the information that is currently available.
  • In order to deliver a data-driven and Semantic Web, Web 3.0, the next generation of internet services for websites and applications, will concentrate on employing a machine-based understanding of data.
  • Web 3.0 websites and services make considerable use of three-dimensional design. Examples of 3D graphics in usage include museum guides, computer games, e-commerce, geospatial contexts, etc.
  • More intelligent, linked, and open websites are what Web 3.0 is ultimately aiming to achieve.
  • The underlying technology of Web 3.0 is blockchain. Without the systems offered by Blockchain technology, Web 3.0 would not be viable. Web 3.0 developers are trying to entice internet consumers with the improved security and privacy provided by Blockchain.

Gavin Wood, a co-founder of Ethereum, first used the term “WEB 3.0” in 2014. By 2021, prominent technology companies, venture capital firms, and cryptocurrency enthusiasts were all taking an interest in the concept.

Examples of Web 3.0 software include Wolfram Alpha and Apple’s Siri, which can condense vast amounts of knowledge into knowledge and actions that people can utilize.

Web 3.0
Features of Web 3.0
Quotes on Web 3.0 –

A clear and unique description of Web 3.0 is probably not to be found if you search for one. Tim Berners-Lee stated that “People constantly wonder what Web 3.0 is” in 2006. You’ll have access to an incredible data resource when you have an overlay of scalable vector graphics—everything rippling, folding, and seeming misty—on Web 2.0 and access to a semantic Web integrated over a vast region of data.

Jack Dorsey, co-founder and former CEO of Twitter, dismissed Web3 as a “venture capitalists’ plaything”. Dorsey thinks that Web 3 will not democratize the internet, but it will shift power from players like Facebook to venture capital funds like Andreessen Horowitz. – JACK DORSEY.

In the year of 2021, Space-X and Tesla CEO Elon Musk expressed scepticism in a tweet saying that Web 3 “seems more a marketing buzzword than reality right now”. – ELON MUSK.

Conclusion:

Hope you enjoy this article on ‘Web 3.0 – The Next Generation of the Internet’. Important Facts you need to Know about Web 3.0. If you have any Questions, please comment. Thank You.

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