What Is Web 3.0 – Understanding The New Internet Iteration

As an internet user, you must have been coming across or hearing about web 3.0 as the new internet iteration. This buzzword is mostly popular in the cryptocurrency space.

However, you may have been wondering what this new internet iteration has come to deliver that is not already existing in the current iteration of the internet. Or you want to know the major concept of web 3.0.

Value Included:

• What Is Web 1.0?
• What Is Web 2.0
• The Difference Between Web 1.0 And Web 2.0?
• What Is Web 3.0?
• How Web 3.0 Tend To Alter Web 2.0

In this article, I will be explaining in detail the concept of web 3.0 and most especially how it tends to alter the current phase of the Internet – Web 2.0.

But then, it’s essential to know and grasp the foundation and the inception of the internet, starting from Web 1.0 to Web 2.0.

You should have a better understanding of the first and second generations of the internet before you can fully understand the concept of the third generation of the internet – Web 3.0. So let’s dive in!

What’s Web 1.0?

Web 1.0 is the first generation of the internet hence, it was described as the beginning of the internet, where users can get information and read anything online because at the initial stage before Web 1.0 came into existence, people cannot read information online.

What Is Web 2.0?

Web 2.0 is the second generation of the Internet that makes the Internet more interactive with the aid of HTML5, JavaScript & CSS3.

Tech giants that own and created platforms to facilitate these Web 2.0 features include Meta (previously Facebook), Twitter, etc.

Related Topic: What Is Blockchain Technology

The Difference Between Web 1.0 And Web 2.0?

You may want to know what is special in Web 2.0 and how it tends to improve the usage of the internet, let me quickly satisfy your curiosity before we proceed.

Why Web 2.0 was formed is because of the limitation barrier in Web 1.0. How? What’s this limitation?

The limitation is that Web 1.0 only allows users to read online but doesn’t allow users to interact, i.e. dropping their opinion on the internet, socializing on the internet.

It can be referred to as “Read Only” internet, which means every piece of information contains only text.

But the technology changed and improved when Web 2.0 came into existence, users are now able to interact with the information they perceive online of i.e. comment to share their thought/opinions on what they read online, interact, watch videos and socialize with friends & family.

Related Topic: The Difference Between ERC-1155 & ERC-721

What Is Web 3.0?

In simple term, Web 3.0 is the new phase of the internet that provide and enhance permissionless, transparency, and decentralization in the usage of the internet with the aid of Machine Learning Algorithm, Big Data, and Decentralized Ledger Technology.

It is a new world of the internet, whereby every content and information is distributed and connected across the network through the blockchain architecture.

Also read: WHAT IS METAVERSE : UNDERSTANDING THE CONCEPT OF A VIRTUAL WORLD

How Web 3.0 Tends To Alter Web 2.0

We’re about to go into the phase of Web 3.0, where the narrative of the internet would change and make the internet a decentralized space. Because in the current internet phase – Web 2.0, user’s data are held in the custody of tech giant companies i.e. Facebook (now META), YouTube, etc., which makes users rely on these companies and can only do a limited thing that the company allows.

In Web 3.0, instead of the internet being controlled by a company or tech giants, it’s controlled by the users.

It will seize users reliance on tech giants by making users surf the internet and interact with any platforms with just a single identity, so instead of providing your sensitive information before you can access different platforms, you will only need a single identity like something similar to a non-custodial wallet address that’s used to connect with different DEX and NFTs marketplace.

 

In Conclusion, even though Web 3.0 is still in the imminent stage, the platform that delivers something similar to the concept of Web 3.0 is already being launched, and they include decentralized finance (DeFi) and the Play2Earn platform.

The idea of Web 3.0 can be gotten from DeFi and the GameFi model.

The internet is evolving, users contribute to the success of the Web 2.0 platform, but little to no users were able to earn or make a daily living from this success.

As in the case of the P2E game, whereby users earn the platform utility token for playing games on the platform, there’s nothing more exciting than getting a reward for what you love doing for fun.

Moreover, Web 3.0 will also give power to every internet user.