What is Web 3.0 and blockchain? Web 3.0 may be an unfamiliar term for many internet users. But they may hear the terms Web 2.0 and Web 3.0 in IT-related discussions, forums, and webinars, but most do not know what these actual terms are, even though they are ordinary users of these technologies or becoming users soon. Proper definition of web 3.0 given below.
Web 3.0 is becoming a hot topic for ordinary internet users, technologists, generalists, and IT experts. This article is about the concept of the modern web version based on a public blockchain system. It am writting this for an ordinary internet user with less technical knowledge with the aim to introduce and explain web 3.0 in really simple words.
What is Web 3.0 and Blockchain – Definition and Introduction:
Web 3.0 is an idea for a modern and upcoming version of the world wide web. We can also define it as the successive version of web 2.0 (the current version of the web we are using) or the third iteration of the web. The basic structure or model of web 3.0 will be based on the decentralization concept, public blockchain system, and token-based economics.
As clear from this term, Web 3.0 is the third generation of the web, offering the following key features.
- Openness (Open source)
- Public blockchain
- Advance level Crypto based digital payment solution
- Data security
- Evolution of AI and cloud-based computing
- Next level utilities
Exploring the key features and Specifications of Web 3.0
Web 3.0 will be based on the decentralization concept where there will be no central authority. There will be no single controlling node on this system. All the blockchain nodes are free at their end to perform actions and post on the web, They did not need any permission from a central authority to post something on the world wide web. The proposed system also emphasizes being safe from any kind of surveillance and indiscriminate censorship. It will be a decentralized autonomous type organization.
Openness and transparency
Web 3.0 system will be be an open-source software with an emphasis on broadly open property. It means that everyone can participate in further improvement and experimental features. All nodes and participants are free to interact directly without any restriction or permission access. So, Web 3.0 will be more transparent in every aspect. Also, the transactions conducting and tracking process will use a distributed ledger that uses token-based blockchain technology.
Accessibility and better utilities:
The proposed web 3.0-based system will provide more accessibility as compared to web 1.0 and 2.0. This means benefits and services offered by web 3.0-based systems will tend to serve more end users up to as many as possible. Also, this proposed system will provide great utilities that people never observed before.
Public blockchain and crypto-based finance
The web 3.0 system will use a public blockchain model. In which records of transactions and information will organize in nodes and blocks in a peer-to-peer network or peer-to-peer world wide web. Web 3.0 systems will be on blockchains that have no central structure of ownership or controlling authority. A blockchain network follows a unique token-based host and will serve better in crypto-based digital payment solutions.
More data security and privacy controls
Security is the most important feature of any system. So, Web 3.0 will be more secure in terms of data security as compared to previous iterations of the web. Because the system will be decentralize inform and will follow peer-to-peer encryption model . It will be provide more data security better privacy control to its end user.
A brief history of Web 1.0 vs 2.0, and web 3.0 horizon:
Some of us may have used and bore the limited features offered by web 1.0 ( the earliest version of the Internet or the world wide web consisting of simple HTML-based websites) but are now enjoying the features and utilities offered by web 2.0, a modern and currently used version of the web. Now we are looking forward and working on this idea to turn it into reality and make the web more advance and to the next level. Before going onwards, let us quickly look at the previous version of web 1.0 and the currently used web 2.0. Hope you will understand what is web 3.0 and blockchain after completing this article.
Introduction and a brief history of Web 1.0:
Web 1.0 was the original, first stage, and most premature version internet, mainly used in the 1990s and early 2000s. It was the first iteration of the World wide web, which emerged from a defense advanced research project agency. In the era of Web 1.0, there were very few content creators. Most of the websites were read-only, based on simple HTML pages joined with hyperlinks, static pages, and personal blogs. This web version was not offering any interactively, visuality and comfortable user experience.
Introduction and a brief history of Web 2.0:
Web 2.0 is the current version of the Internet which has been in use since the 2000s. This version of the web is more likely as the participative web. Which mainly focuses on user-generated content through its engagement and interactively. The websites build in Web 2.0 offer better user experience, interactivity, social sharing, user participation, interoperability, and ease of use for its end users.
Web2.0 refers to the upgradation of the model of how the internet is being used. Also what features are provided by most of the websites built in this era. Over as soon as fifteen to twenty years, the simple, read-only type HTML-based static webpages of Web1.0 were entirely changed with the adoption of web 2.0. That provides more interactivity, social connectivity and social sharing, and user-generated content material. Web 2.0 web application-based system also provided much ease for heavy and complex desktop software available anytime and anywhere online.
How the exponential increase of Web 2.0 built tech giants companies:
The exponential increase of Web2.0 has been pushed with the aid of using essential innovations comparable to cell net to get admission to social networks, in addition to the near-ubiquity of vital cell bias like iPhones and Android-powered bias. In the trade decade of this renaissance, those traits enabled the dominance of apps that significantly increased online interactivity and mileage — for illustration, Airbnb, Facebook, Instagram, TikTok, Twitter, Uber, WhatsApp, and YouTube, to call a many.
The exceptional sales boom of those dominant systems has made a few of the Web 2.0-centric organizations—inclusive of Apple, Amazon, Google, Meta (previously Facebook), and Netflix—most of the world’s largest organizations through marketplace capitalization.
Summary – A quick comparison of three iterations of the world wide web (web 1.0 vs web 2.0 vs web 3.0)
For a bird’s eye view and to summarize the content given above the following table will give a quick summary of the facts and features provided by Web 1.0 , Web 2.0, and the upcoming proposed web 3.0.
|Sr, No||Key features of Web 1.0||Key features of Web 2.0||Key features of Web 3.0|
|1.||The original and most previous version of the Web||2nd iteration of the web||Decentralization|
|2.||Static pages||A successive version of web 1.0||Openness (Open source) and transiency|
|3.||Simple HTML-based websites||More participation from users||Public blockchain|
|4.||Read-only||Social sharing social connectivity features||Advance level Crypto based digital payment solution|
|5.||No participation of users||Emphasis on User-generated content||Data security|
|6.||Fewer visuality features||More interactivity and better visual features and data presentation||Scalability|
|7.||Not secured and no privacy controls||More secure and offer privacy controls as compared to web 1.0||Better Privacy, security, and utilities|
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