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How is Web 3.0 Different From The Current Internet?
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The Internet has been one of the most significant inventions in human history. Despite its over 20-year history, its potential has yet to be fully realized. Some argue the Internet is at a similar stage as the automobile industry was in the early 20th century and that it needs to be substantially improved. Isn’t it wonderful if the Internet could not only follow your directions but also understand what you write or say? A common term for this is Web 3.0.
Most internet users have not heard of Web 3.0. Most have never even heard of Web 1.0 and 2.0! There will be a change to the internet and everything else shortly!
From Web 3.0’s definition to its features, we will dive deep into its details. Following this, we will discuss how does it differ from the existing internet?
What is Web 3.0?
You likely believe Web 3.0 is a significant improvement. There’s someone or some organization out there improving the web in this manner.
Web 3.0 is a new era on the Internet, and it is evolving very fast. People used to be limited by their internet speed and had a limited amount of data to use. However, with the growth of broadband connectivity, software and hardware have been developed to allow users to access more information without limits.
A web 3.0 is a new way to exchange information through the internet; it represents a shift towards sharing information rather than consuming it. A Web 3.0 application is also called a big data application because it refers to all data that is gathered from all types of sources such as social media, video sharing sites, streaming services, etc., which helps companies predict behavior and get insight into what customers want or need from them.
Which features distinguish Web 3.0 from earlier versions?
We are going to have an open, trustless, and permissionless internet generation. Here are some details:
- Open: Networks will be based on open-source software. The software will be developed by a community that is open and accessible. More importantly, everyone can participate in the development and execution of the software.
- Trustless: Networks will offer public or private interaction between users. It would also not be subject to government regulation or a large company’s supervision.
- Permissionless: Participation would allow anyone to access it. You wouldn’t need permission from anyone.
Decentralizing Web 3.0 is the future.
As opposed to generation 2.0 of the internet, where data is mostly centralized, Web 3.0 will be decentralized. Using AI and machine learning technologies, Web 3.0 users will also be able to interact with data. Artificial intelligence will be integrated with semantic web concepts in Web 3.0.
The semantic web has been around for quite a while now, and its potential is immense. We will see a significant change in user experience and web design in the coming years due to this technology.
AI Will Drive Web 3.0
As a result of AI, users will have faster access to data, and data that is more relevant to their needs will be delivered. On the internet, we see this technology used in algorithms that recommend products, videos, etc., to users based on their past searches. The technology will improve with Web 3.0.
The emergence of neural networks and deep learning technologies is extremely important for these fields.
The use of AI in the digital world is growing exponentially. Nowadays, many people are using platforms like Amazon Echo for voice-activated ordering.
Bringing Back an Original Concept
In a world where information is more shareable and accessible through many different sources, who do not need to worry about permissions anymore?
One of the most important changes that will take place in the next decade is that we will see a complete re-think of how the internet works and how it works for us.
The most recent internet and mobile technologies stages will lead to a disruptive change in how we interact with information, communications, and society.
They will make a big impact on social networks, such as Facebook and Twitter. In the future, they will move from being centralized to decentralized with their blockchain, and individuals will keep their identity private by not sharing it with others.
Smart contracts are considered to be the future of the internet. They are different from traditional web protocols because they can help move the internet forward while keeping it decentralized and free from censorship. The future of Web 3.0 will be based on smart contracts. They can transfer funds without having any intermediate parties involved in the transaction process, which is why they are also called “the crypto-currency of the internet.”
The interconnection and automation of the future of the internet, blockchain technology, and cryptocurrencies will be enabled by smart contracts.
Compared with the web that we use today, web 3.0 will be a much more efficient internet. The content will be richer, better organized, interactive, and usable with features like online social networks, micro-blogs, and wikis.
In this web 3.0, we can get rid of the need for a trusted third party. Web content is not only the easiest to verify but also the most interoperable and self-governing.
Decentralizing Web 3.0 is one aspect of its most promising potential. It can give everyone who enjoys this technology more opportunities to improve their lives and the lives of those around them, enhance their social interactions, and create new revenue streams through content creation on the web.
Evolution of the Internet
Internet use has changed dramatically since its inception. In addition to the expansion of social media, website speed and interactive features are also improving.
Lets discuss the evolution of the Internet from version 1.0 to version 3.0 here.
Web 1.0
This was the first Internet that launched in 1989 and is also known as the Static Web. Even with limited access to information with little interaction from users, it was one of the most reliable web sources in the 1990s. The internet pages were not sorted according to an algorithm. Finding useful information proved difficult as a result.
Web 2.0
Since 2005, the Internet has become much more interactive with the advent of social media websites. Another factor contributing to its popularity is HTML. In addition to YouTube, Facebook, Wikipedia, Twitter, and Instagram. This has sparked the creation of user-generated content because data can be shared across multiple platforms and applications.
Web 3.0
With Web 3.0 (forecast), the Internet has entered its third phase of evolution. By applying artificial intelligence to the Internet, it will process information like a human brain. Programs can interact with each other without human intervention, resulting in more targeted content generation.
Importance of Web 3.0
Big corporations are struggling to adapt to the digital age, and they need partners with whom to collaborate.
Businesses are becoming more and more competitive with their customers, yet they want to remain in control of their products. They create content that is relevant for each customer. This is not always an easy task when you need instant results.
This new web is being developed through artificial intelligence (AI) technology, which means that companies can use smart devices to measure and understand what’s happening in their supply chain and make changes accordingly.
You should be interested in Web 3.0 if you wish to regain ownership of your data. If you are interested in using the internet that benefits all users equally, Web 3.0 is for you.
It’s also a good time to appreciate Web 3.0 if you understand the benefits of decentralization. The Web 3.0 manifestation is in many ways a continuation of the original vision for the World Wide Web.
Online ads fit your needs.
They are meant to be more personal. The problem is, they do not always reflect what you desire. The new Internet will know our habits better.
Voice search assistants
Apple’s Siri, Microsoft’s Cortana, and Amazon’s Alexa all offer great voice search capabilities. It’s not always clear to them what we’re trying to say. Web 3.0 may allow us to interact with our devices as if it is a regular human.
By providing directions as well as traffic updates, Google Map gives us a rich user experience. Web 3.0 will only make this experience better.
Final Thoughts
We have seen a lot of advancements in the web 3.0 space over the past few years. Our use of the internet and mobile devices has undergone a lot of changes in recent years. This trend might continue, but it’s too early to judge what is next.
Mobile apps, websites, and even mobile devices will integrate these features over time.
Technology innovations in blockchain have been soaring in recent years. In the future, it might revolutionize how we use money, businesses, governments, and institutions, or even how we sell our products and services to each other.
Blockchain technology has many interesting applications that are not limited to just cryptocurrencies. We need to learn more about it if we want to be prepared for the future.
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