What is Web 3.0 Technology - Complete Information

Web 3.0 is the latest generation of the Internet technologies. It combines the decentralized, community-governed ethos of Web 1.0 with the advanced functionality of Web 2.0. In Web 3.0, data can be stored depending on its content and placed in multiple places. This will give more control to users over their data and privacy.

In Web 3.0, separate entities own the infrastructure and the user can access it by paying directly to the storage provider. In Web 3.0, users can also sell their data.

To understand Web 3.0, let's start from Web 1.0. World Wide Web i.e. WWW was started in 1989. The Internet of that time was quite different from the Internet of now. Because at that time you used to get information on the internet only in text format.

What is Web 1.0?

Web 1.0 is considered to be the first version of the Internet, while Web 2.0 is its advanced version. Web 1.0 contained read-only web content with little or no interaction between the user and the webserver. Whereas in Web 2.0, users can participate through interactive websites.

What is Web 2.0?

Now, let's know about the next version of Web 1.0 i.e. Web 2.0 technology. Web 2.0 is also called interactive web or social web. Some of the characteristics of Web 2.0 are: greater user interaction and collaboration, better network connectivity, and better communication channels.

Web 2.0 which is the current Internet is not decentralized. You get most of the content on the Internet from search engines, so in this way, a few companies have user data. Even the company has the user's data but the control is not with the user.

Some of the disadvantages of Web 2.0 are:

Currently, Web 2.0 is running in the industry, but what were the flaws in it due to which Web 3.0 is being introduced? Let us know.

In Web 2.0, network information storage is controlled, which can lead to access and privacy concerns.

In Web 2.0, almost anyone can post anything through a blog, social media, or Web 2.0 outlet. In such a situation, there remains a situation of confusion as to what is real and which sources can be considered reliable.

Web 2.0 does not and cannot always verify information. In such a situation, the possibility of having a fake account, spammer, fraudster, or hacker increases. These people may try to steal information, mimic personalities, or trick unsuspecting Web 2.0 users into following their agenda.

In Web 2.0, some websites require users to contribute user-generated content in order to gain access to the website. Doing so may discourage “free riding”. However, according to Google Webmaster Trends analyst John Mueller, such tactics may be considered "spamming the Web". Mueller says that this kind of activity has no benefit for SEO.

What is Web 3.0 and what are its uses?

The term "Web3" was coined in 2014 by Polkadot founder and Ethereum co-founder Gavin Wood, meaning "decentralized online ecosystem based on blockchain." In 2021, the idea of ​​Web3 gained popularity.

Compared to Web 2.0, Web 3.0 will be more general and networked. This means users can access data and programs from anywhere, anytime, on any device. Web 3.0 could give users more control over their data and privacy, more customized experiences, and more robust applications, among other benefits.

Web 3 (also known as Web 3.0) is an idea for a new version of the World Wide Web that incorporates concepts such as decentralization, blockchain technology, and token-based economics.

What is Decentralization in Web 3.0?

Decentralization in Web 3.0 means that there is no central authority and data is stored on a distributed network. Users have control over the data on this network. They decide what to share and who can access it. This reduces the risk of data breach and misuse.

In other words, Web 3.0 is the idea of ​​a serverless Internet. Web 3.0 is a way of using the Internet that does not require any centralized servers.

Due to decentralization in Web 3.0, posting anything does not require permission from any central authority. Additionally, the fear of censorship and surveillance was also reduced.

So, Compared to Web 2.0, Web 3.0 will be more decentralized, meaning no single organization will control the data or apps. Users will get more control over their privacy and data.

How does Web 3.0 technology work?

With Web 3, a decentralized Internet can be established, giving consumers more power over their data and online activities. Blockchain technology makes peer-to-peer transactions possible, eliminating the need for intermediaries while improving security and anonymity.

Some more features of Web 3.0:

• In Web 3.0, data is kept secure through blockchain.
• After the arrival of Web 3.0, users will have more power. Your content will be yours only.
• This includes digital currency or crypto, metaverse, and NFTs.
• The web will be made more intelligent and adaptive using machine learning and AI.
• In Web 3.0, data generated by computing resources such as mobile phones, desktops, devices, vehicles, and sensors can be traded through decentralized data networks.
• The Freelancers can tokenize their skills and reputation, making it easier for them to prove their abilities and secure jobs.

What are the major uses of Web3?

With Web3, a decentralized Internet can be established, giving consumers more power over their data and online activities. Blockchain technology makes peer-to-peer transactions possible, eliminating the need for intermediaries while improving security and anonymity.

Is Web 3.0 and Blockchain same?

With Web3, a decentralized Internet can be established, giving consumers more power over their data and online activities. On the other hand, Blockchain technology makes peer-to-peer transactions possible, eliminating the need for intermediaries while improving security and anonymity.

Is Web3 really the future?

Web3 is a possible future World Wide Web built on a decentralized network. In addition to privacy and decentralization, Web 3.0 aims to provide a data-driven user interface that offers a unique experience to every user. Blockchain technology is at the heart of Web 3.0.

Is Metaverse same as Web 3.0?

No, the Metaverse is not same as Web 3, but there is mutual complementarity between the two technologies. Web 3 is the next generation of the Internet, based on decentralization and token-based economics. The Metaverse is a digital space, powered by technologies like AR/VR and 5G communications. The metaverse and Web 3, working together, can lay the foundation for connectivity.

Web 3.0 and Machine Learning

Web 3.0 will also use machine learning, a subset of artificial intelligence (AI) that mimics human learning by using data and algorithms, gradually improving its accuracy.

Web3 Use Cases in 2024

• Decentralization
• Improved Security
• Tokenization and monetization
• User Control
• Interoperability
• Incentives for Collaboration

Is Web3 in high demand?

Web3 developer jobs are in high demand as there are countless applications. Understanding the Web3 ecosystem and building a career in it is a worthwhile endeavour. Although Web3 is still in its infancy, it's off to an impressive start.