Web 3.0 is the third phase of internet technological innovation. The foundational level that the internet is constructed is known as the “web,” which provides site as well as app services.
Because Web 3.0 is still being developed and defined, there isn’t a single, agreed definition that applies to all instances. However, it is evident that Web 3.0 will heavily rely on blockchain-based technology and place a major emphasis on decentralized applications. In order to enable more intelligent and adaptive apps, Web 3.0 will also make use of machine learning and artificial intelligence (AI).
Another element of the way Web 3.0 is being defined is the idea of a semantic web. Tim Berners-Lee, the creator of the internet, is among the many who have advocated for the inclusion of artificial intelligence techniques on the internet.
It took more than 10 years to transition from Web 1.0 to Web 2.0, and it is projected that Web 3.0 will take much longer to fully integrate and revolutionize the web.
The trajectory of development from Web 1.0, which provides static information for users who read websites but infrequently interacted with them, to Web 2.0, which is interaction based and a social platform allowing users to collaborate. This suggests that Web 3.0 will change both how websites are made and how users interact with them.
How does Web 3.0 work?
With Web 1.0 and Web 2.0, webpages are designed and delivered according to HTML standards. HTML will still be the primary aspect of Web 3.0, but there may be changes to how it interacts with data and the location where these sources are situated compared to earlier generations of the web.
The majority of websites and applications in the Web 2.0 era depend on some sort of database that was centralised to distribute data and streamline operations. Web 3.0 apps and services substitute a decentralised blockchain for one that is centralised. The underlying idea of blockchain is that there is some kind of consensus that is distributed which takes the place of a central authority.
The idea of a decentralized autonomous organization is an emerging governance ideal among the blockchain and Web 3.0 communities. With a decentralized autonomous organization, Web 3.0 technologies and communities enable a type of self-governance in an effort to move away from having a central authority that controls the operations of a platform.
Web 3.0 also works with cryptocurrencies in a more significant way than it does with traditional money. Throughout Web 3.0, cryptocurrencies — all of which are created and allowed built atop blockchain systems money and the option to pay for services and goods utilizing decentralised payment gateways.
Web 1.0 and Web 2.0 both benefited greatly from the extensive use of IPv4. Because of the web’s enormous growth over time, Web 3.0 will require more addresses from the internet, which IPv6 provides.
Key Web 3.0 features
When creating Web 3.0, AI, omnipresence, and the semantic web can all be taken into account. The goal to provide people with faster access to more precise data is the basis for AI. A website that employs artificial intelligence should be able to sift through the content and offer the information that it thinks a certain visitor will find relevant. Social bookmarking can deliver better outcomes than Google as a search query because the results are sites that users have picked. However, people have the ability to change these results. AI could be used to separate the real results from the fakes in order to deliver outcomes similar to social media and social bookmarking albeit without negative reinforcement.
On an artificially intelligent web, virtual assistants — which are presently more common as features built into devices or through external party applications—will also be accessible.
In order to teach a system what particular data means, the semantic web aims to arrange and store data in this manner. Or, to put it another way, a website should understand the words used in a search just like a person would, enabling it to create and disseminate better content. The semantic web will teach a computer what the data means, and AI will then make use of the knowledge. This strategy will also make use of artificial intelligence (AI).
The third wave of the internet will focus on these few key elements that are highlighted by Web 3.0. It’s going to be decentralised initially. In contrast with the first different decades of the internet, when management and services were primarily centralized, Web 3.0 will be decentralised. Services and applications would be available in a distributed manner without a central authority. Next, blockchain technology enables the creation of decentralised services and applications. Blockchain allows for the dispersion of information and connectivity among applications in comparison to a central database. Another crucial component of Web 3.0 services that effectively eliminates the usage of traditional fiat is the utilization of cryptocurrencies. The final element of Web 3.0 is broader mechanization, which will be primarily driven by AI.
Web 3.0 programs
With blockchain technology at its foundation, Web 3.0 enables a wide variety of new applications and services, including the ones listed below. First off, Non-Fungible Tokens are tokens that are maintained in a blockchain with both a unique code for every token and a hash code.
The foundation for decentralised finance, a revolutionary Web 3.0 application scenario that permits the delivery of financial products outside the boundaries of conventional central banking system systems, is then created using decentralised blockchain technology. Not least of all, Web 3.0 apps such as cryptocurrencies like Bitcoin establish a new monetary world that strives to be autonomous from the traditional domain of legal cash.
With that, we’ve come to the end of this article. We have covered all of how Web 3.0 came about and its various forms. We hope you have enlightened you on your understanding of Web 3.0!