What is Web 3.0? Here’s what the internet will look like in the future

Web 3.0

Web 3.0 is a new Internet technology that combines machine learning, artificial intelligence (AI), and blockchain to enable real-time human communication. The cherry on top is that web 3.0 will allow individuals to not only own their data but also to be compensated for their online time.

We are going to talk about the following points in this article.

  • What web 3.0 is:
  • There are some differences between web 1.0, web 2.0, and web 3.0
  • Features and importance of web 3.0
  • The connection between web 3.0 and blockchain
  • How web 3.0 will impact digital marketing
  • The future of the Internet

So let’s kickstart a journey to the future and understand web 3.0 in an easy way. 

Web 3.0: The future of the internet 

What is web 3.0? 

The defining features of web 3.0 are decentralization, openness, and incredible user utility.

The semantic web’s main benefit is that it recognizes and interprets the data’s context and concept. Web 3.0 is the most accurate and relevant result provided to you As a result, when a user searches for an answer

Google, Facebook, and Microsoft are just a few of the few companies currently profiting handsomely from user data. “People have feat by tech firms — essentially, duped into giving valuable data away with little or no recompense from the firms who collect and benefit from it.” Web 3.0 will enable all of us to be compensated for our time and data: Workers should be paid for the information they share instead of web 3.0. 

Users can sell their data to advertisers while maintaining ownership and privacy. In addition, web3 will allow websites and applications to make better use of data and tailor information to individual users.

As a result, the third generation of the Internet will be one in which you can have personalized interactions with machines and websites in the same way that you would with any other human.

Main characteristics of web 3.0 

Open

It’s ‘open’ in the sense that it was created using open-source software developed by a community of open-source developers in full view of the public.

Trustless

Users have the freedom to interact privately and publicly without the risk of an intermediary, resulting in “trustless” data.

Permissionless

Without the need for permission from a controlling organization, anyone, including users and providers, can participate.

Ubiquitous

Web 3.0 will allow us to access the Internet at any time and from any location. Web-connected devices will no longer be limited to computers and smartphones at some point in the future, as they were in web 2.0. Technology will enable the development of a plethora of new types of intelligent gadgets as a result of the Internet of Things (IoT).

There are some important characteristics of web 3.0 and now let’s read further into it better. For better understanding it is important to have a recap of the web 1.0 and 2.0 then the thighs would be easier to understand. 

Web 1.0 , 2.0 and 3.0 a brief comparison

Web 1.0, according to experts, was “read-only.” In other words, many people browsed websites and absorbed information, but they rarely contributed to the creation and dissemination of content. 

A typical Web 1.0 user, for example, would read news articles on AOL, use Yahoo! search to find websites about their favorite rock bands, play some web browser games, and join a few chatrooms, but user-generated content from this internet surfer was rare.

In an attempt to persuade Letterman that Web 1.0 is useful, Gates explained that he could look up information on topics that he was interested in, such as cigars and auto racing. “I’ve got that covered!” a resolute Letterman said as he waved him away. I’m a subscriber to two motorsports-only magazines published in the United Kingdom.”

And, well, we all know how the magazine industry ended up. It was annihilated by the internet, particularly during the Web 2.0 era (2004-present). Letterman is unlikely to read magazines to keep up with the latest in motorsports. 

He can not only access a wealth of NASCAR information via Google Chrome (and similar browsers), but he can also share NASCAR video highlights on Twitter, post-TikTok videos about his excitement for upcoming races, and more. Unlike Web 1.0, Web 2.0 allows users to be both consumers and creators of content.

Aside from the explosion of user-generated content and social media platforms, Web 2.0 has another controversial aspect. We were the ones absorbing hordes of information from the internet in Web 1.0, after all. “The tables have turned!” declared the internet in Web 2.0, and it began collecting data from us.

Decentralization Data network 

Decentralized data networks allow different data generators to sell or trade their data without losing ownership, jeopardizing privacy, or relying on middlemen. As a result, in the growing ‘data economy,’ decentralized data networks will have a long list of data providers.

Data is decentralized in web 3.0, which means that users will own their data. Decentralized data networks allow different data generators to sell or trade their data without losing ownership, jeopardizing privacy, or relying on middlemen. Using Internet Identity, you can log in securely over the Internet without being tracked.

Artificial Intelligence & Machine Learning.

Artificial intelligence and machine learning algorithms have progressed to the point where they can now make useful, and sometimes life-saving, predictions and actions.

When built on top of emerging decentralized data structures that give today’s tech titans access to a plethora of data, the possibilities go far beyond targeted advertising into areas like:

  • precision materials
  • medication creation
  • climate modeling

Although web 2.0 has similar capabilities, it is still primarily human-based, allowing for corrupt behaviors such as biased product evaluations, rigged ratings, human errors, and so on.

Customers can leave feedback on any product or service using online review services like Trustpilot. Unfortunately, a company may pay a large group of people to write excellent product or service evaluations.

How does web 3.0 work? 

The goal of web 3.0 is to make Internet searches much faster, easier, and more efficient so that even complex search sentences can be process quickly.

A user must interact with the frontend of a web 2.0 application, which communicates with the backend, which then communicates with the database. The entire code is store on centralized servers and deliveres to users via a web browser.

Web 3.0 lacks both centralized databases for application state storage and a centralized web server for backend logic. Instead, a blockchain can be used to create apps that run on a decentralized state machine and are maintained by anonymous nodes on the internet.

Smart contracts, written by developers, define the logic of your applications and are deployed onto the decentralized state machine:

This is how things are brought on the track and the future of our world would be transformed to a great extent. web 3.0 is the most advanced system on the internet.

Also Read: Europe seals a deal on tighter rules for digital services. 

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