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Everything We Should Know About Web 3.0

Updated: Feb 24, 2022

The next version of the internet.

The conceptual evolution started with Web 1.0 when the first page was introduced 30 years ago, which contained information about the World Wide Web itself, and was created by Tim Berners-Lee. Web 1.0 refers roughly to the period from 1991 to 2004, where most websites were static web pages, and the vast majority of users were consumers, not producers, of content.

Before we understand directly Web 3.0, it's significant to know about Web 2.0. Between 1999 and 2004, everyone moved from a static webpage to a participative or social webpage. Web 2.0 was coined by Darcy DiNucci, and later by Tim O'Reilly in 2004. Web 2.0 is also called the wisdom Web or people-centric Web. Web 2.0 brought us to emphasize user-generated content, and ease of use. Examples include Wikipedia, Cloud, Facebook, Twitter, Google Maps, Uber, YouTube, and blogs. Social media has connected people globally in ways unimaginable just a few decades ago.

There is the core key driver of the development of Web 2.0 is the emergence of a new generation mobile, social, and cloud platform. With the launch of the Mobile by Apple, Samsung, Nokia, Sony, etc, internet access drastically broadened both the user-base and the usage of the Web. Social networks like Facebook, Twitter, WhatsApp, etc. Coaxed users into good content generation including recommendations and referrals: share photos online with specific friend groups. Cloud is the on-demand availability of computer system resources, especially data storage and computing power, without direct active management by the user. Numerous giant companies like Facebook, Microsoft, Google, and Apple are open their data centers.

Web 3.0 added a machine readability feature to web documents that did not exist in web 1.0 and web 2.0. Web 3.0 was originally coined the Semantic Web by Tim Berners-Lee. The Semantic Web is an efficient way to represent data on the Web, or as a database that is globally linked, in a manner understandable by machines, to the content of documents on the Web. Web 3.0 was coined by Polkadot founder and Ethereum co-founder Gavin Wood in 2014, referring to a "decentralized online ecosystem based on blockchain." Some visions are based around the concepts of edge computing, decentralized data networks, and artificial intelligence.

Datacenter out to the edge, large legacy data centers are being supplemented by a multitude of powerful computing resources spread across phones, computers, appliances, sensors, and vehicles, which are forecast to produce and consume 160 times more data in 2025 as compared to 2010.

Decentralized data networks are making it possible for these data generators (from an individual’s health data to a farmer’s crop data, or a car’s location & performance data) Blockchain will help in achieving decentralized data storage and foster faith in the virtual world.

Artificial intelligence & Machine learning algorithms have become powerful enough to create usefully, will help in decoding and filtering online data, and offering the most relevant choices to users.

Web 3.0 would reverse the current mechanism and make the users sole owners of their data and give them the due compensation of their internet data. It is similar to NFTs (Non-Fungible Token) that give the users ownership of the unique digital art, photos, videos, and audio they purchase. Users would also get relief from unwanted and unskippable advertisements and pop-ups. Some futurists also call Web 3.0 the Spatial Web as it aims to blur the line between the physical and the digital by revolutionizing graphics technology, bringing into clear focus three-dimensional (3D) virtual worlds.

A common requirement for a Web 3.0 application is the ability to handle large-scale information and turn it into factual knowledge and useful executions for users. With that being said, these applications are still at their early stages, which means that they have a lot of room for improvement.

Web 3.0 will fundamentally expand the scale & scope of both human and machine interactions far beyond what we can imagine today. Because of this decentralized network at least they can't use your data information unless and until you have permitted that. So, this is how Web 3.0 can bring a lot of changes and it can help in terms of privacy, if we know more about Web 3.0 it is nothing but a decentralized network which is in the form of blockchain where the entire information probably someone accessing something with respect of personal data it will be distributed inside this decentralized network, not one centralized network will be there to store that specific information without your permission.

What is the main advantage of Web 3.0? is that here you at least know how your data is going to get used while you use YouTube, Facebook, and other multiple platforms.

It all starts with Web 1.0 which was completely a static website in Web 2.0 has dynamic websites or social webpage. But all those websites who are reading and writing storing the information in centralized server with Web 3.0 concept of blockchain, and coming with this decentralized network where your entire data will store peer-to-peer net nodes. Advancing new digital realms like blockchain and digital assets to power a myriad of new tech for the new generations.

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