Everybody seems to be talking about Web 3.0 these days. What is Web 3.0? Web 3.0, also known as Web 3, is the third generation of the internet that uses a decentralized way of interconnecting data to deliver an enhanced user experience. Web 3.0 is built through Artificial Intelligence (AI), machine learning, and semantic web, or the extension of the existing World Wide Web.
The semantic web is used in creating Web 3.0 because it interprets and understands the concept of the data. So when you search for an answer, Web 3.0 delivers the most relevant and accurate result. Web 3.0 also uses Blockchain security, a network using cyber security framework and best practices to prevent risks against fraud and attacks.
A few large technology companies – Microsoft, Facebook, and Google – are making significant profits from user data. This is in Web 2.0. In Web 3.0, every user will be compensated for their time and data. This means users can sell their information to advertisers while still holding ownership and data privacy. Moreover, websites and applications in Web 3.0 will be allowed to use data more relevantly and suitable for the user.
Hence, from the above information, this third generation of the web is an internet you will enjoy using because of personalized interaction with websites and machines, just like when you communicate with fellow humans.
How Do Web 1.0, Web 2.0, and Web 3.0 Differ From One Another?
Before we search intensively for information on Web 3.0, let’s find out the brief history of the internet.
1. Web 1.0– the first internet model, is a read-only web, and you can read the written information on the website, distributed through static pages. It functioned as a CDN (Content Delivery Network) in which users can only view the data. Webmasters created and handled the pages based on how they understood the web scripts.
2. Web 2.0 – is a read-write web. Here, users can read the information and write content on website applications. Social networking, blogging, and podcasting sites such as Facebook, Twitter, Instagram, and others are among the most popular networks of Web 2.0.
3. Web 3.0 – is a read-write-interact web. This is the next age of the internet that focuses on decentralization. The main objective of Web 3 is to develop machine-readable content, which is more accurate and complete, with all the necessary information. It will also eliminate self-governing and regulating authorities and instead allow a decentralized sharing of information.
What Are the Advantages of Web 3.0?
Decentralization is one component of Web 3.0. For this digital infrastructure, control comes only next to privacy and security. Blockchain, a decentralized technology in the form of frameworks, such as Corda, Hyperledger, and Ethereum is used to record transactions. Because the decentralized structure is not changed over time, it cannot be tampered with either.
Web 3.0 is the most secure internet model. No one can have direct control over it. Individual user accounts are converted into codes, especially to prevent unauthorized access. Web 3.0 protects not only the data of users but also prevents malicious cyber threats.
In Web 3.0, users can connect the hardware and software by distributing information across different environments and devices. With interoperability, Web 3.0 would display ubiquity or the state of being everywhere, which means it can be accessed through various formats.
Ownership of Data
Web 3.0 pays particular attention to data sovereignty and connectivity. This makes ownership of data more transparent while being protected by the decentralization system.
It is an internet model that indulges in trusted interaction among peers in a Blockchain network.
The Future of Internet Featuring Metaverse and Web 3
Web 3.0 aims to make the internet accessible to everybody by executing a distributed ledger.
Metaverse and Web 3.0 are two different things, so they can’t be confused with each other.
Oculus is a subsidiary of Meta Incorporation, known formally as Facebook. You can experience the Metaverse through the standalone headset that Oculus provides.
Both Web 3.0 and Metaverse are the future of the internet. We will be seeing these two concepts complementing each other in creating a digital space that is secure, interactive, virtual, and information-oriented.
Web 3.0 is all about providing more power and control to the user. It will enhance the relationship between the server and the content creator. Increasing decentralized features has made internet processes more manageable and flexible. Web 3.0 platforms have brought about a revolution and have opened the doors toward a new future in online business.