What is web3
Table of contents
No headings in the article.
The quickest response would be that web3 is the way forward for the web. It's all thanks to the new internet! Remember that the abacus, also called the abacus computer, was the first device used for numerical computation. It's possible that you're not making the most of the modern web's capabilities. Perhaps because you have not yet realized its full potential. More information could be helpful. Web3 is the result of the continuous development of computers from the invention of the abacus to the present day. During the early stages of the development of the World Wide Web, the idea of decentralization was ingrained at its very foundation. The next step in the evolution of computers is Web3.0, a network in which the users have full administrative and ownership rights. The Internet today is merely a network of interconnected computers. Please click the "Like" button if you enjoyed the content. In this clip, I'd like to make a distinction between the WWW and the Internet. Simply put, the World Wide Web (WWW) is a global computer network that serves as a central hub for the distribution and exchange of information. In contrast, the internet is a network that links computers and countless other devices together.
Is there a web2.0, considering the name web3.0? plus a web 1.0? YES! Let us briefly review the background of this situation. Tim Berners-Lee is the brains behind the Internet's original blueprint. This occurred in 1990. He was employed by CERN at the time. Web 1.0, the first version of the World Wide Web, was developed by Tim Berners-Lee. These are the outdated HTML pages that pop up in movies. It functioned more like an entry in a dictionary or encyclopedia, detailing various aspects of a given topic or individual. Web 1.0 debuted that same year, '94.
Alright, fine, I'll drop a web 2.0 hint. Information architecture consultant Darcy DiNucci first used the term "Web 2.0" in 1999 to categorize the shift in the industry following the dot-com bust. O'Reilly Media later popularized it at their 2004 Web 2.0 Conference.
Web 2.0 sites foster user participation and participation in the creation of content through social media dialogue and user-generated content. Internet search engines and social media platforms like Facebook and Twitter are prime examples of Web 2.0. These are the larger corporations, but in 2022 virtually all businesses online will still be using web2.0. Cookies are used to keep track of any data or information they collect. The purpose of this is to facilitate their action.
Sites from the Web 1.0 era primarily encouraged readers to consume information without actively engaging with it. Sadly, you can only read this. Web 2.0 describes the ubiquitous web-based tools that enable users to both read and contribute their own content and information.
With that, I believe we can skip ahead to web3.0 with minimal background. Gavin Wood, a co-creator of Ethereum, first used the term "Web3" in 2014. Web3 is the next generation of the World Wide Web, and it incorporates ideas like decentralization, blockchain technology, token-based economies, and generative AI.
Web3 is simply the most cutting-edge method of representing the evolution of the Web as we know it today.
The key to understanding the distinction lies in knowing the major limitations of web2.0. More user input is needed to improve the internet experience, and this data is stored to make the internet even more magical and self-sufficient in the future. In many of these social media platforms, users receive unique, personally-tailored content. This explains why a timeline with 1,000 users will have 1,000 different news feeds. To put it another way, the content of their timeline is determined by the information they collect. Data is the lifeblood of the internet. This magic is propelled by collecting massive hunks of data about users' habits, preferences, and lifestyles, but users' online activities can be used for advertising, which is a burden for everyone. When users' data is collected and stored, they risk having their privacy violated in many ways, some of which could even lead to direct physical contact if the wrong people find out about it. A loss of independence may result from having all of this data controlled and used by a single entity. Web 3.0 is only possible because of technological advancements, and web3 is the connecting technology. In Web 3.0, users access the internet through a decentralized network in which no one entity has ultimate control.Users still have access to their data even though it is stored in multiple places. In web3, users have full control over their data and can exchange it for other digital assets at any time. Web3 claims it will limit the persistence of online content, but since your data is yours and not controlled by anyone else, that claim could turn out to be false. This is where blockchain technology and virtual currencies come into play when describing the money of Web 3.0. We have locked away all of our assets in an unalterable digital block. Our digital assets are valued at whatever the buyer is willing to pay for them, or whatever the market will bear. Consider the hypothetical cryptocurrency alx token, which has a value of $40,000 but which could sell for as much as $80,000. The user can represent anything of value to them in digital form. The votes cast in an election are one such example. Web3's use of AI and ML abstracts the need for laborious work, allowing users to make content, art, and software with greater computing power in a matter of seconds rather than spending time and energy searching for the right person to perform, create, or deliver the task. In closing It needs to be regulated just like any other valuable or useful resource. Cryptocurrency, blockchain, and artificial intelligence are all components of Web 3.0. This is NOT the old WEB; it's the NEW WEB. It's no surprise that some people would use the internet, or any other new field or set of tools, to try to take advantage of others, just as they did when the internet first began. The new web3 is highly regulated, as it must be, because people's right to do what they please should not extend to the right to harm others. We keep our most valuable possessions in web3 tokens. AI, one of the tools made possible by the new decentralized web, can be used to effect positive change in many different industries, including medicine, media production, and money transfers. In other words, it's a means of development.