Notes

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

We are already onto Web 3.0, and it is now a buzzword for techies. Yet, few are aware of the exact meaning and, more importantly what happened to Internet Explorer 1.0 or Web 2.0.



Internet 3.0 is the future of technology and can change all areas of the new world. In this piece, we'll explore what's Web 3.0 and why it's so important.



Let's go for it.



The web's history


Web definition is something that keeps changing with each iteration of it.



Furthermore, how each user makes use of the internet for their advantage varies widely also. So, if you ask any random group of individuals what the web isabout, everyone will have various answers about their experiences when using the internet.



The web has gone through many versions of it through the years Each one has improved over the prior version. Today, Web 3.0 is a hot topic that keeps drawing attention to it. Let's find out how each of these web versions function and what they are capable of.



Web 1.0


Web 1.0 dates back to the inception of the internet. The Internet first appeared as an army communication project in 1969 , under the Advanced Research Project Agency in the USA. The initial model of the internet was text-only and consisted of connected web pages containing hyperlinks.



Users were not able to interact with them as they were only accessible for reading, and they made the web look like a massive library of books. The internet was the perfect platform for sharing information.




After a couple of years, chat functionality was added to the web using bulletin boards that allowed users to interact each other. The introduction of dynamic URLs and few other developments opened the doors to Web 2.0.



Web 2.0


The web as we see today is a variant of Web 2.0. Furthermore, every internet-related thing used today falls in this category and it is constantly improving. Major names such as Darcy DiNucci, Tim O' Reily, as well as Dale Dougherty were involved in the making Web 2.0.




The Web 2.0 is a version that is focused on people capable of writing/reading, and that supports functions like blogging as well as video and sending emails and audio. This made Web 2.0 quickly gain popularity and widespread acceptance as the Social Web.



Web 2.0 brought new web-related technologies along with Web 2.0, and some of them are,



Ajax


JavaScript


CSS



DOM


HTML


XML


XSL



Adobe flash





All of them have created Web 2.0 a very interesting platform that has unlimited possibilities.



Web 3.0


called the SemanticWeb, Web 3.0 is a concept which was first proposed in 1999, courtesy of Tim Bernes Lee. The idea to create Web 3.0 is to create an application that can analyze every bit of data available on the internet, making it much more advanced than previous versions.



The ability to grasp more than keywords and numeric values is what differentiates Web 3.0 special. Understanding natural languages to grasp the meaning is also you can do with Web 3.0.



The semantic metadata makes connectivity much stronger by leveraging all the information available. In addition, a stronger attention to virtual reality to offer more accurate information can be seen here, and the removal from data silos has cleared the way the content can be used via applications.














































Web 1.0



Web 2.0



3.0 Web 3.0


You should only read it for the greatest part



Most of the time, I write and read.



Portable and personal



It is located in the direction of home pages.



Onwards to Wikis and blogs



For live streaming and Waves



Concentrates on companies

The community is the main topic



This is a focus on people.



Most effective for Web forms

Web applications



Smarter for applications that are smarter



The ownership of content was private

The content is shared



Content is owned and shared



Simply the web

A redesigned social web



Is a semantic network



Information sharing is the goal.

The aim is to create interaction



Goal is immersion



Banner advertisements


Interactive ads



Advertising with a behavioural angle



Britannica Online is an illustration

Wikipedia is an example



The semantic web



Ads are based 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 with regard to Blockchain Technology and Crypto


Blockchain is a technology that gives you a more accurate as well as a 100% reliable system to complete every task through the internet. Instead than relying on the fragile and prone human nature, blockchain aims to provide equality to all users on the platform.



If properly implemented In the right way, this technology can enhance the quality of many areas of our lives, including healthcare, finance, gaming as well as agriculture and supply chain, and more. The Ethereum-based distributed architecture is currently being tested in conjunction with Web 2.0 with a separate Web 3.0 framework.



Data decentralization that is part of the blockchain allows transactions at the level of the exchange to remain precise and transparent. However, the issues that have hampered Web 2.0 such as manipulation, surveillance, and centralization will become a concern in the near future should the proper implementation of blockchain is incorporated into Web 3.0.



It allows users to be the owners of the data they have and choose who can benefit by their presence on the internet. So, technology companies that take advantage of the personal information of their users for huge profit will need to find new ways of earning money since decentralization gives control of the data back to the rightful owner of the data, which is the user.



It must be noted it is not something that will happen automatically when you install Web 3.0.



The first obstacle will be the switch that many aren't sure will be that easy with the sheer number of individuals who keep track of records of users. But the initial stages of changing the system are visible using apps like Brave browser Uniswap (and Propy with a massive success by using blockchain technology.



3.0 and Decentralization. 3.0 and Decentralization


Although many believe that blockchain will be a part as part of Web 3.0, it is not the case. It is just being a smart semantic web, and does not employ or even include blockchain as an integrated part of it.



The reason these two technologies have the potential to be a great match is Web 3.0's capability to adapt to new technologies and decentralization. Because web 3.0 example is still under testing, the support it can provide to blockchain will only grow stronger.



Another common misconception is that blockchain refers to decentralization. While it's true blockchain technology is capable of delivering decentralization by using its peer-to–peer framework, the reverse is also the case. Although it's less likely and less well-known however, a stronger form of centralization may be available through the blockchain.



This is among many of the major worries that go along with blockchain technology and 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.



The importance of decentralized web 3.0


Like we said before, blockchain, when combined with Web 3.0 has the ability to provide all of us with ownership over our own data as well as removing us from oppressive schemes by the people who operate behind the scenes. At the same time it is also able to enforce more restrictions on us and take away the freedom to hold our own data.



If the government tries with more projects that are similar to for instance the CBDC and prioritize a central bank to carry a digital currency or try to create a centralised internet infrastructure, individuals will lose their little control over their own personal data that they can enjoy now.



Although it's not likely to occur, there is a slight chance.




In this worst-case scenario, the official party will be in total control over your data. They'll be in a position to record everything you conduct on the internet, keep track of every transaction that you make and keep records on your accounts in the bank.



This can be the result of those who are involved being in control of the information people can access.



A mindset that people need in order to change is thinking that tracking data is okay since they do not engage in any illegal things on the internet. What if centralization could lead to authoritative parties having the authority to freeze your savings in banks? This will seriously limit the rights that individuals enjoy.



In addition, freedom to express your opinions on the internet is something of the past when centralization is in place. Articles such as these and any views that conflict with the authority of the state will cease to exist. The outcomes of public events like elections can be manipulated, and the quality of life of the people will be deteriorated.



Selling private data about their users is a thing that's happening now. If decentralization fails, such strategies would be simpler than currently. Companies and social media platforms such as Google utilize their users' data to sell them and then create psychological profiles of users. These then are used as advertisements or to influence campaigns for political influence.



If you're skeptical about the claims made, talk to your friends on Google about the ways that social media influence society for their own advantage. You'll find a huge numbers of articles about the matter that won't be available if centralization takes over. These are only a few reasons to support decentralization and insist on it in Web 3.0.



Examples of Implementation for Web 3.0


Blockchain and Web 3.0 are technologies that are currently being implemented and tested on various levels. Also, Blockchain technologies like Ethereum and bitcoin are setting the way to become the framework is being developed for internet 3.0.



There are a variety of ways that have been used for the development of blockchain and web 3.0 can be thought of right now.



Finance is one of the major fields that will benefit from this change. A precise and clear semantic procedure can assist the financial sector to guard against fraud and get rid of corruption. For example, AAve is a great illustration of this. it lets users lend their crypto out to earn interest while also borrowing cash against their crypto holdings.



Decentralized finance apps provide their customers with the possibility to loan against collateral, lend, invest, get a mortgageand buy insurance right away to avoid expensive costs. web 3.0 crypto coins list have the capability to offer its users better rates of interest than banks.



Video games are another type of game that has seen a huge amount of success with the Web 3.0 implementation and the play-to-earn model. Web 3.0 is capable of closing the gap between the physical world and the digital world which is fantastic for games as well as other virtual-related technologies. The best example could be the "Metaverse". Decentraland, Sandbox, and Bloktopia are also virtual worlds with decentralization.



Realistic mapping of the world such as Spatial web is also an element that comes with the new Web 3.0 territory. This is a digital environment that is three-dimensional which is made possible with the help by billions of computers and devices.



Real estate and voting as well as real estate benefit from the advancements that comes with Web 3.0. When you hold elections or other similar activities with the use of blockchain technology is certain to ensure the highest accuracy and eliminate any possibility of fraud. As well, more projects like2 of dealing with real estate transactions could be made simple with blockchain, and Propy is a perfect example of this.



Conclusion


If you've read the article, you will be aware of the significance of decentralization now. In the end, the most efficient way to reach a mass-scale adoption of decentralization involves an application that uses blockchains and Web 3.0. If implemented correctly, Web 3.0 will give the users control over their personal data and web usage.



The lack of a single legal entity to run this network makes it more accurate , and it does not contain alteration of the data it holds. In the end, if you're someone who believes in the value in freedom, decentralized internet 3.0 that includes blockchains is the best way to take.
















Homepage: https://what-is-web-3.jimdosite.com/