Web 3.0 is a new Internet of Things that offers websites and applications that can intelligently process information through machine learning (ML), a decentralized cataloging technology. Human intelligence, etc. The world wide web using blockchain technology is also known as the semantic web.
Because it is considered a smart and independent website. Clearly, this site will be a source of inspiration for future generations. Open has a secure, immutable database that is accessible to everyone. This will prevent cybercrime Furthermore, users will have complete ownership of the data and trademarks used on the platform to keep their trademarks intact.
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Web3 Terminology
The term “Web3” was first coined by Gavin Wood, one of the founders of the Ethereum blockchain, in 2014. Wood used the term to describe his vision for a digital platform that is not under the control of a single entity. Wood’s vision for Web3 is based on blockchain technology, which he believes can be used to create a more secure, transparent, and fair web.
Web2 is what you know today as the internet. It is a platform that allows you to easily interact with content and people. If you’re old enough to remember the Internet before Amazon, YouTube, and the iPhone, you probably remember the first version of the Internet, Web1, which was read-only.
How do Web3 proponents see the internet evolving from today’s Web2 in terms of data control? Business Applications Information Security and More .
Web2 Data Ownership Platforms such as Google and Facebook own and control data by users who log into their websites Web3 gives ownership and control of data exclusively to Internet users. Who gets to decide how the data will be used?
Web2 financial platforms use the ownership of users’ data to make money by charging online advertisers to reach their target audience Web3 protocols use cryptocurrencies to encourage users everywhere to use platforms to earn money directly from other online users.
Security Have you been notified if your information was exposed in a security breach? Decentralized Web2 servers are vulnerable to malicious attacks Decentralized networks promise to be more secure
How important is freedom of speech? The decentralized nature of Web2 sites makes it easier to block access and block content. The Web3 web protocol is anti-censorship by allowing the creation and dissemination of information to be decentralized.
Relying on trust Can you do business online with any website? Decentralized Web2 applications require users to trust them to use them effectively. It is a protocol that uses blockchain technology to eliminate the need for trusted partners.
Points of Failure Decentralized Internet platforms create a single point of failure A Web2 platform with a major technical problem can affect many people Web3 platforms are decentralized There is no single point of failure .
Web 1.0: Static, Ready to Use
This first version of the Internet is considered the first step in the development of the Internet. It displays read-only web content. Users can read information online supported by web browsers, HTML, HTTP, and URL technologies. And there are no researchers. Web 1.0 content remains static, and the interconnected Web 1.0 is also known as the syntactic web. And the user role will be created.
Web 2.0: Giants at the Center
As the second generation of the global Internet, Web 2.0 is also known as the Internet of Education-Text or Social Internet. Because it facilitates interaction between users and websites, Web 2.0 users use mobile devices. Social media and cloud technology allow you to read and write content on websites and apps. and share that content between websites.
A small group of large technology companies, including Meta (formerly Facebook), YouTube, and Twitter, own the vast majority of Web 2.0 user data. The data is collected by the tech giant. Data (and power) networking and user monetization are driving the demand for Web 3.0.
Conclusion
Blockchain technology is a key component of Web3 because it provides a means to store data in a secure and immutable environment. It also enables the creation of dApps used in areas such as finance, supply chain, gaming, and Web3 governance to unleash the potential of blockchain technology with innovations such as DeFi, decentralized autonomous organizations (DAOs), and NFTs.