As a natural evolution, the Web has updated its state by removing the negatives in web 2.0 and getting upgraded to web 3.0. The term “web 3.0” was created by Gavin Wood, the creator of a Blockchain startup, to describe his vision for the internet’s future. This article discusses the evolution of web 3.0 and its benefits.
What is WEB 3.0?
Web 3.0 is the future of the internet we’re moving towards. The third iteration interconnects data in a decentralized way to deliver a faster and more personalized user experience. It uses Blockchain, AI and machine learning to enable real-world human communication. The Internet uses decentralized networks like Bitcoin and Ethereum which store information in a public database, recorded in a network of computers rather than verified and controlled by centralized entities like Google, Facebook, etc.
Evolution of the WEB:
Web 1.0: (Read only)
- Web 1.0 is the first phase of the web.
- It was static and we cannot modify it.
- Users can simply read the contents on the web.
Web 2.0: (Read and Write)
- Web 2 is the internet we use today.
- Under Web 2, the internet has become more usable.
- In Web 2, users can interact and create content.
- The content we create, our posts, and our information are stored in a centralized area that is monitored by particular organizations like google.
- Web 2 has less security and privacy.
- There were many data breaches across web 2.
Web 3.0: (Read, Write and Own)
- Uses decentralization concepts.
- Web 3 receives no personal data for payments.
- Web 3 is Trustless, Open, and Permission-less.
- Trustless – allows participants to interact publicly without trusted 3rd
- Permission-less – Both users and suppliers can participate without authorization from governing bodies.
- Open – It is open-source software built and managed by an accessible community of developers.
What are the Drawbacks of Web 2.0?
- Around 60% of the population uses the internet but the internet is broken as it was broken by companies that provide services in exchange for personal data.
- The company takes data and utilizes data with the intention to providing value but our privacy was questioned here.
- Web 2.0 is collaborative and social but the downside is users need to provide personal and confidential data to companies.
- Web 2.0 users can be de-platformed at any time by the application they use.
- For Example- Twitter handles of India’s Prime Minister can be terminated/ removed by Twitter.
Web 2.0 Vs Web 3.0
- Currency- Payments made on both medium varies. For example, In web 2.0, if you are playing a favorite game like buying the assets in the game, if something happens then the organization may terminate your account then all the assets you bought were lost. However, web 3.0 allows direct ownership through NFT (Non-Fungible Token). Even if you stop playing you can sell the value/assets through open markets.
- Content Ownership-Web 3.0 gives ownership to digital assets in an unprecedented way. For instance, in web 2.0, let’s say you are a YouTuber if YouTube terminates your channel for some reason, then the content you made was lost. Whereas, in web 3.0, if something like this happens, all your data is stored in the Blockchain as it provides sensor resistance. You can take those videos and upload them to other platforms.
- Advanced Method- Web 3.0 scans the information quicker as it is a decentralized one and with the technology of machine language, semantic web. Whereas, Web 2.0 use a single server, and a unique web address and works with Ajax, Java, HTML, and CSS.
What are the benefits of Web 3.0?
- No personal data loss. Web 3.0 prioritizes security and privacy over control.
- There is no need for authorization to use any service on the network.
- No one has the authority to restrict access for any user.
The subject of web 3.0 is essential for students pursuing in Best Computer Science Engineering Colleges In India or online courses in information technology. It is because Web 3.0 will take over the internet in future years. Also, it has more career opportunities and making easier for aspiring entrepreneurs. Get ready for the privacy-driven future.