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What exactly is Web 3.0, and why is it important?

We're in the midst of Web 3.0, and it has become a buzzword with techies. But, few comprehend what exactly it is and, even more important, what occurred to web 1.0 and Web 2.0.



Web 3.0 is the future and could transform everything in the new world. In web 2.0 vs web 3.0 , we'll talk about what is Web 3.0 and why it's vital.



Let's get started.



The story of the web


The definition of web is a concept that changes with each iteration of it.



Furthermore, how each user utilizes the web for the advantage of their own is different too. Therefore, if you ask a random group of people what the web isabout, they will each give a different answer about their experience on the internet.



Web has had many versions of it over the years and each has made improvements over the previous version. As of now, Web 3.0 is a popular topic that continues to draw attention to it. Let's find out how each one of the versions functions and what they are capable of.



Web 1.0


Web 1.0 dates back to the invention of the internet. The Internet first became available as a project for military communications in 1969 as part of the Advanced Research Project Agency in the USA. In addition, the very first Internet contained only text, and was mostly comprised of web pages that were joined together with hyperlinks.



The user could not interact with them because they were only read-only and making the internet look like a vast collection of books. web 3.0 companies to invest in was a great place to share information.



A couple of years later, chat was added to the internet via a bulletin board that allowed users to connect with one another. The advent of dynamic URLs along with a number of other innovations opened the way for Web 2.0.



Web 2.0


The internet as we know to be today is an extension from Web 2.0. In addition, everything internet-related used today falls under this category, which is continuously improving. Names like Darcy DiNucci, Tim O' Reily along with Dale Dougherty were involved in the development and development of internet 2.0.



The Web 2.0 is a web-based version that is people-focused capable of writing/reading, and which allows features such as blogging Chat, video, sending emails and audio. This helped Web 2.0 quickly gain popularity and global adoption as the Social Web.



New web-related technologies emerged with Web 2.0, and some of them include,



Ajax


JavaScript


CSS


DOM


HTML


XML


XSL


Adobe flash





These factors together have led to Web 2.0 a very interesting platform that has unlimited possibilities.



Web 3.0


Referred to as the Semantic Website, Web 3.0 is a concept that was first suggested in 1999, courtesy of Tim Bernes Lee. The concept of Web 3.0 is to create an algorithm that could analyze every single piece of information found on internet, which makes it superior to previous versions.



The ability to be able to comprehend more than words and numerical values is the reason that can make Web 3.0 special. Knowing natural languages in order to understand the purpose is also could be possible with Web 3.0.



The semantic metadata helps make the connection much more effective by harnessing the entire information available. Furthermore, a more extensive focus on virtual reality to provide more precise information could be seen here, and the removal of data silos has paved the way for content that can be utilized in applications.













































Web 1.0



Web 2.0



3.0 Web 3.0


You should only read it for the greatest part



Most people write and read



Portable and personal



In the center, the pages are centered towards the home page.



To blogs and Wikis



For live streams and Waves



This article focuses on the companies

Communities are at the center of the discussion



Aimed at individuals



Best for Web forms

Web applications



Smarter applications are better



Content ownership was private

The content is distributed



Content is owned and shared



All you need is the internet

An enhanced social web



Is a semantic web



Goal is sharing information

The aim is to create interaction



The objective is to make you feel at home.



Banner advertisements

Interactive ads



Advertising that is based on behavior



Britannica Online is an example

Wikipedia is an illustration




The semantic web



Advertisements are counted on page views

Cost per click



The semantic web



HTML and Portals



Ajax, JavaScript, CSS, XML, RSS and HTML5



AI blockchain, AI RDF, RDFS, OWL and protocols that are decentralized








Importance of the Web 3.0 on Blockchain Technology and Crypto


Blockchain is a new technology that provides a faster, more precise and reliable method of completing every task through the internet. Rather than trusting what is a component of web 3.0 that describes things in a way that computers can understand? and fragile human nature it aims to ensure equality to every user of the platform.



If it is implemented properly In the right way, this technology can enhance the standard of many aspects of our lives, such as healthcare, finance, gaming and agriculture and supply chain, among many more. The Ethereum-based decentralized technology is currently being test with Web 2.0 with a separate Web 3.0 framework.



Data decentralization that is part of the blockchain permits the transactions carried out through the system to be accurate and transparent. On the other hand, problems that hinder Web 2.0 like manipulation, surveillance centralization, and manipulation, will become a worry in the past when the proper implementation of blockchain happens with Web 3.0.



This permits users to be the true owners of their data and choose which users will benefit from their experiences on the internet. how to invest in web 3.0 tokens means that tech companies who exploit the private information of users to generate huge profits will have to come up with other opportunities to earn money since decentralization gives control of data back to their rightful owner in the form of the user.



It is imperative to emphasize that decentralization will not be something that will happen automatically when you install Web 3.0.



The primary obstacle is the transition in which many don't think will be that easy with the many people who have access to customer's information. But the initial stages of changing are already in view, with apps such as Brave browser, Uniswap, and Propy with a great success in using blockchain technology.



Web 3.0 and Decentralization


While many think that Blockchain is something included when you use Web 3.0, it is not the case. It's one of the smart semantic websites and does not use or use blockchain as an integral part of it.



That's why these two have common ground is Web 3.0's capability to adapt to the changing technology of decentralization. Since Web 3.0 is still under testing, the support it will provide to the blockchain will only increase.



Another frequent misconception is that blockchain means decentralization. While it is true that the blockchain is capable of offering decentralization through its peer to peer framework, the reverse is also true. Although web 3.0 sites 's more unlikely and less popular the possibility of a more robust version of the centralization can come with the blockchain.



This is among the biggest concerns that comes with the blockchain along with Web 3.0. So, if more and more projects like the government-controlled Central Bank of Digital Currency (CBDC) come out and see success, the freedom of data and web accessibility are in grave danger.



Importance of Decentralized Web 3.0


As we've mentioned, blockchain, when combined with Web 3.0 has the ability to provide everyone with the right to control our own data , as well as free us from an authoritarian system of people behind the scenes. However blockchain also has the ability to force us to adhere to more rules in order to take away our rights to control our data.



If the government decides to create more projects similar to for instance the CBDC and prioritize the establishment of a central bank that can carry digital currency, or to create a centralised internet infrastructure, the people could be deprived of the small amount of control over their own data that are currently enjoying.



Although it's not likely, it may be a possibility.



In the event of a catastrophic situation, the authority will have total control over your data. They'll be able to track everything you do on the internet, keep track of each transaction you make and keep track on your accounts in the bank.



In short, this can eventually result in those involved being in charge of what information people are able to access.



A mentality that everyone needs to shift from is thinking that data-tracking is fine since it doesn't involve an illegal thing on the internet. What happens if allowing centralization can lead to a centralized government agency having the authority to freeze your bank funds? This will severely restrict the freedom that we who are accustomed to having.



Additionally, freedom of speech on the internet will become a thing of the past when centralization takes over. These kinds of articles and all opinions that clash with the authoritarians will cease to exist. The outcome of public affairs like elections will be controlled and the condition of society will decline.



Selling the personal information to their users is an act that is already taking place. If decentralization is not successful, such initiatives would be far more straightforward than they are. Sites and social media giants such as Google take their users' data to make psychographic profiles on users. These then are used to create advertisements and influence electoral campaigns.



If you don't trust the information you read, ask your friend Google the ways that social media influence society to benefit. You can find a countless number of articles about the discussed topic, which won't be there if centralization takes over. There are many reasons to support decentralization and urge it to be implemented with Web 3.0.



Examples for Implementations of Web 3.0


Blockchain as well as Web 3.0 are technologies that are already being used and tested on various levels. In web 3.0 crypto coins list , Blockchain technologies like Ethereum and bitcoin are setting the way as the foundation of web 3.0.



There are a variety of ways that the implementation of the blockchain and web 3.0 could be viewed at present.



Finance is the most important field that can benefit greatly from this new system. A proper semantic and accurate system will allow the financial industry to stay clear of fraud and get rid of corruption. For example, AAve is a great example of this and it lets users lend their crypto out to earn interest while also borrowing money to fund their crypto accounts.



Decentralized finance software provides their users with the capability to loan against collateral, make loans, invest, receive a mortgageand also purchase insurance instantly to avoid high costs. Additionally, it will be able give users higher interest rates compared to banks.



Video games are another genre that has seen tremendous popularity with the web 3.0 implementation and its play-to-earn system. Web 3.0 is capable of closing the gap between the real world and the digital world which is great to games and other digital-related technologies. The best example would be "Metaverse". Decentraland, Sandbox, and Bloktopia are all virtual worlds which are decentralized.



The world's hyper-realistic maps also known as Spatial web is also a feature that is part of the Web 3.0 territory. web 3.0 definition is a computing ecosystem that is three-dimensional created by the use millions of devices connected to the Internet.



Real estate and voting are two other areas that are likely to be improved with the help in the development of Web 3.0. Elections and similar actions that involve voting using blockchain is sure to guarantee accuracy through the elimination of any fraudulent activity. Furthermore, the complex task of real estate transactions can be made easy with blockchain, and Propy is an excellent illustration of this.



Conclusion


If you read through the article, you'll have an idea about the importance of decentralization now. Perhaps the most straightforward way to reach a mass-scale adoption of decentralization involves decentralization and blockchain. Web 3.0. If it is implemented correctly, Web 3.0 will give people the ability to control their data and use of the internet.



The absence of a single legal entity that rules the network makes the network more accurate and also does not have altered data. Also, if web 3.0 examples 're someone who is aware of the importance of freedom, decentralized Internet 3.0 and blockchain are the way to go.








Read More: https://www.reddit.com/user/whatisweb3/comments/y7yolw/what_is_web_30_and_why_is_it_important/