The most recent Internet technology, Web 3.0, uses blockchain, artificial intelligence, and machine learning to enable real-world human contact. The cherry on top of web 3.0 is that users will get paid for their online time in addition to being able to own their data.
Does it seem too great to be true? Greetings from the Internet of the future.
Ready? Let’s start!
Describe Web 3.0.
The third iteration or version of the Internet, referred to as Web 3.0 (also known as web3), integrates data in a decentralized manner to provide a quicker and more individualized user experience. Your information is safe and secure since it is constructed with the help of artificial intelligence, machine learning, and the semantic web. It also makes use of the blockchain security system.
Web 3.0 is characterized by decentralization, openness, and fantastic user utility.
An automated computer network organization model known as a decentralized autonomous organization (DAO) is one whose transaction records are kept on a blockchain and are controlled by its community as opposed to a single entity like the government or a financial institution.
The semantic web is intended to comprehend and interpret the context and notion of the material. As a result, when a user looks for an answer, web 3.0 provides the most precise and pertinent result.
Tech behemoths like Google, Facebook, and Microsoft are just a few businesses now making a tonne of money off user data. However, Web 3.0 will make it possible for us all to receive payment for our data and time:
“Tech companies have taken advantage of people, basically tricking them into handing over valuable data with little to no remuneration from the companies that gather and profit from it. People should be compensated for the data they share with web3 consulting companies instead.
As a result, consumers will be able to
Allow selling their personal information to marketers while keeping ownership and privacy intact. Web3 will also make it possible for websites and applications to use data more intelligently and customize each user’s information.
As a result, this third generation of the web is a place where you may connect with computers and websites in a personalized way, just like you would with a human.
The Essentials of Web 3.0
Web 3.0’s primary attributes are:
It is “open” because it was created using open-source software by a community of developers who were accessible to the public and worked on it in plain sight.
Trustless – The network allows users to connect publicly and privately without exposing them to dangers through a middleman, therefore “trustless” data.
Permissionless – Anyone, including users and providers, can participate without requesting approval from a governing body.
Web 3.0’s ubiquitous nature will enable everyone to access the Internet from anywhere at any time. At some point, unlike in web 2.0, Internet-connected gadgets won’t just be limited to computers and smartphones. Technology will make it possible to build a wide range of new intelligent devices thanks to the IoT (Internet of Things).
Web 2.0, Web 3.0, and their differences
We must first understand how web 1.0 and web 2.0 helped us get here before moving on to web 3.0.
Here is a synopsis of the Internet’s history:
Web 1.0 is a read-only web where users can only view content posted on websites.
People can read and write material on websites and applications in the read-write web known as Web 2.0.
Web 3.0 is a read-write-interact web that allows users to read, write, and interact with content, including 3D visuals, on websites and apps. It is powered by artificial intelligence.
Let’s now learn a little bit more about each era in the development of the Internet.
Web 1.0 (1989-2005) (1989-2005)
Web 1.0 was operational from 1989 till 2005.
While employed by CERN (Conseil Européen pour la Recherche Nucléaire, or European Organization for Nuclear Research), Sir Tim Berners-Lee created the World Wide Web in 1989.
Web 1.0’s leading technologies included the following:
- HTML (HyperText Markup Language) (HyperText Markup Language)
- HTTP (HyperText Transfer Protocol) (HyperText Transfer Protocol)
- URL (Uniform Resource Locator) (Uniform Resource Locator)
To locate information was the primary goal of web 1.0. Significantly, because it was “read-only,” web users could not freely communicate; hence, any debate took place offline.
In addition, using the World Wide Web (WWW) was not as straightforward as it is now because there were no search engines available then. Any website you intend to visit requires that you know the URL. Back in the day, according to one tech writer, “browsing” the Internet required scrolling through FTP file directories in the hopes that the file we were looking for was somewhere in there.”
However, by the middle of the 1990s, Netscape Navigator had become the first (or at least the first successful) web browser, and it also invented several modern browser capabilities.
- Displaying a website’s loading screen
- Using cookies to save session data
Unfortunately, Microsoft destroyed Netscape during the so-called “browser wars.”
Web 2.0 (1999-2012) (1999-2012)
The phrase “web 2.0” was first used by Darcy DiNucci in her 1999 piece “Fragmented Future.”
Tim O’Reilly and Dale Dougherty popularised it, nonetheless, in the later part of 2004.
The majority of us are familiar with this era of the Internet. By 1999, social media platforms, content blogs, and other services enabled people to interact online.
Smartphones were eventually developed, and mobile computing was introduced.
People started communicating in online forums and producing information accessible to other Internet users who may like, comment on, or share it. Social proof, Yelp reviews, and Instagram influencers were/are prevalent during this time. The read-only mode was no longer relevant, and web 2.0 was now marketed as an interactive platform.
Between 1999 and 2004, O’Reilly and others coined the term “Web 2.0,” which signified a shift away from static desktop web pages produced for information consumption via pricey servers and toward interactive interactions and user-generated content.
During the web 2.0 era, businesses like Uber, Airbnb, Facebook, and other social media platforms emerged.
Core Innovation Layers of Web 2.0
Two primary layers of innovation served as the fundamental forces behind the development of web 2.0:
With the 2007 release of the iPhone, mobile connectivity to the Internet expanded, enabling users to remain online constantly. Web 2.0, however, has another use besides just absorbing the data we contribute to the Internet: It also independently gathers information about us for analysis and addition to the Internet. It can keep tabs on our whereabouts, spending patterns, financial transactions, and other things.
The Internet was primarily anonymous and dark until the introduction of Friendster, MySpace, and then Facebook in 2004.
These social networks persuaded us to post images with particular friend groups online, trust strangers with our homes on Airbnb, and even drive into strangers’ cars with Uber. They also encouraged users to create specific types of content, including recommendations and referrals.
The Internet site and application development and maintenance became commodities thanks to the cloud. The world’s many enormous data centers housed the mass-produced individual computer gear that was combined and improved by new cloud providers.
Companies could switch from upfront infrastructure investment and upkeep to on-demand rental of storage space, processing power, and management tools. Millions of business owners benefited from free resources that multiplied as their companies expanded.
There is no issue that during this time, the Internet grew in worth, participation, and importance to our lives. The web did, however, end up becoming more centralized as a result of this.
Offering novel approaches to planning and interacting with others fostered greater collaboration. However, it also increased opportunities for online harassment, such as identity theft, cyberbullying, doxing, and other forms of harassment.