Web 3.0 is being discussed all over the world these days. This is the next generation of the World Wide Web, which may replace Web 2.0 in the near future. Web 3.0 is said to have data control over people themselves rather than a corporate or government. Also, users will be able to access internet media, email, shopping sites, etc. through a single account. Let’s find out what web 3.0 is?
There is a lot of talk of ‘Web 3.0’ after metaverse in the internet world these days. This new word has excited the internet world. Now you must be wondering what Web 3.0 really is? This is the world beyond Web 2.0, which we are currently using. This next era of the internet is said to be that you will not need separate Internet accounts for each platform, but an Internet account that will allow you to access Facebook (now Meta), Twitter, Google, shopping sites, etc. Additionally, your activities can be listed on the same digital backbone that supports cryptocurrencies such as Bitcoin-Blockchain. The good thing will be that it cannot be controlled by any central power, but the data will be controlled by the users themselves. Web 3 applications are often based on a technology called ethereum.
What is Web 2.0 and Web 3.0 :
Since the outbreak of the epidemic in March 2020, online services have become an integral part of everyday life. People shop, order food, watch movies, use internet media, even buy goods online. Most online services, such as email, the internet, and shopping, run on the cloud. It has remote data storage and processing services available through the Internet. Amazon Web Services, Google Cloud, Microsoft Azure, and other platforms provide cloud services. This means that any information that users share on such platforms is stored with the cloud provider used by the online service. This version of the Internet is called Web 2.0, which we are currently using.
Web 3.0 is the next version of the Internet, where services will run on the blockchain. If compared to these two, while cloud platforms or on-premises infrastructure lay the foundation of Web 2 services, all services in Web3 are created on the blockchain. The main difference between the two is that the cloud is controlled by giants like Amazon, Google, and Microsoft and on-premises companies/organizations. It is centralized. On the other hand, data is distributed across the network through blockchain in Web 3.0. No one owns data or information. Web 3.0 is a decentralized Internet, which runs on a public blockchain, which is also used for cryptocurrency transactions. It will be different from the centralized Internet i.e. Web2.0, where top companies like Meta (first Facebook), Google, Amazon, and Apple hold a large part of user data. Web3 is important for cryptocurrencies. But it is much more than that. The best example of Web 3 is NFT, a non-fungible token, purchased using crypto coins. Now a lot of people from various industries like entertainment and sports are getting active in this field.
Why Web 3.0 is Important?
To understand why Web3.0 is important, it is necessary to understand the purpose of the previous versions of the Internet, web 1.0 and web 2.0, which have been running since 1990 till date. Web 1.0 started with static or personal web pages. At the beginning of the last decade of the last century, people were new to the Internet. During that time, static pages were high on the Internet. There was not much scope for dialogue. Then came Web 2.0 after the year 2000 and was accompanied by big companies like Facebook, Amazon. This is a round of user-generated content. Web 2.0 is currently in circulation. Knowingly or unknowingly, users who search, shop or upload things generate a large amount of content or data. All this data is stored on the servers of companies that people interact with. This means that middlemen become guardians of users’ data and make profits through advertising. According to StatCounter data, Facebook has a 72 percent market share in internet media. The longer the time spent in making content, the more data companies can collect, helping them improve their AI algorithms and advertising engines. It is also a major revenue model for companies. Web 2.0 brings problems like privacy and plagiarism, but in Web 3.0 it won’t be that easy.
How Web 3.0 is Solving the Problem:
Plagiarism is quite prevalent in the internet world these days. Copying and posting original content on internet media is common. When US tech reporter Casey Newton analyzed the top 19 most-viewed posts, it was found that only four of them were original, while the rest were plagiarism. Web 3 can help resolve this issue. Mat Dryhurst, a researcher at New York University, says that while some companies control the Internet right now, Web 3 will provide new internet networks, search engines, etc., which some companies will not control.
Beth is the Editorial Director at Crunchoid Inc. Prior to joining Crunchoid, Beth had a hand in a number of online and print publications, including TImes as a chief copy editor .