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What is Web 3.0? It’s Impact On Digital World: Every thing You Need to Know

Web 3.0 is the new breed of the digital world, aims to be the decentralized version of the virtual world, where users can interact and collaborate brilliantly without worrying about the central and data specific repositories. 

Most of us stray from the issue at hand among the raging global polarities and regulatory concerns.  The subject focuses on the basic concept of the famous ‘Crypto’ tech. 

The Internet:   A familiar term encircles a whole universe in itself.  Calling it probably the greatest human invention since sliced bread wouldn’t be an exaggeration.

The global network of billions of inter connected computers and other such devices responsible for impacting the everyday world around us.

And so, the internet has become an inseparable, undeniable, and probably the most significant part of our lives.

To say that we already live in a virtual world would be an understatement. The internet has blurred the lines between reality and virtual space. 

With blockchain technology getting into the thick of things, the crypto realm within which anything occurs in a few years from now could change into a more poignant space.

Meanwhile, the internet has undergone several metamorphosis since its inception. 

The internet has truly evolved in many ways, from being limited to a fixed number of computers to becoming a ubiquitous virtual entity. 

And it has become more so with every passing day.

What about internet versions 1.0 and 2.0?

The internet was not always as interactive, widespread, and all-knowing as it is today. In the 1960s and 1970s, computer networking was primarily used for research purposes, and the  commercial applications were strictly prohibited.

How was Web 1.0?

The ARPANET, a military computer network, was the forerunner of the modern internet. ARPA, a branch of the United States Defense Department, funded its development in the latter half of the 1960s. 

The ARPANET was so-called as the first full-fledged working prototype of the modern internet. ARPANET’s later developments were more academic in nature. 

As more academic institutions joined the ARPANET, it took on a tentacle-like structure. Even today, the internet takes on the same shape, albeit on a much larger scale.

If you want to make internet evolution more inclusive and less biased, blockchain technology is the resource to pay attention to.

The term “Web 1.0” refers to the very first iterations of the modern internet. Web 1.0 was fundamentally a read-only format.  The web pages were mostly linked together by hyperlinks, and there wasn’t much the end-user could do with them.

How is Web 2.0 different from Web 1.0? 

Because web 1.0 was read-only, much of its content was created offline. The web 1.0 era is also known as the era of static web pages. 

However, due to the nature of the internet, evolution was unavoidable. Darcy DiNucci first coined the term “web 2.0” in 1999. 

That was the beginning of what would become the internet we know today. Web 2.0 represents today’s internet. 

It is fast, large, interactive, and far superior to web 1.0. Web 2.0 encouraged users to shift their focus from passive content consumption to active content creation.

The leading crypto exchanges… will be the driving force behind this evolution to make crypto a far bigger word than just a profitable investment option.

In the early 2000s, when the internet boom was just around the corner. Several publishing platforms, including WordPress, and social media sites, such as Facebook, were already popular among the younger generation of internet users.

The internet has now become available in almost every remote corner of the planet. And the content is more varied and interactive than ever before.

What is Web 3.0?

What is the Future of the Internet Web 3.0?

The current version of the internet is towards advancements with each day passing by.  

Every technology is gradually progressing toward the development of hyper-intelligent machines and autonomous environments, and the internet is not far behind.

Undoubtedly, the next version of the internet will be more sophisticated and intelligent than the current one.

Tim Bearners Lee, an English Computer Scientist best known as the inventor of the World Wide Web labeled Web 3.0 as the Semantic Web.

But what is Web 3.0? Why is it in the talk of the day?

Web 3.0 is the next internet revolution where the focus will be on intelligent data accessibility.

For example, search engines in the Web 3.0 era will give you personalized insights based on your search intent.

Centralized servers will be replaced. Information present on multiple computing devices are inter-connected. 

Overall, it will be more of a peer-to-peer internet without any single authority.

When the majority of the world’s population is trying to find the new methods to invest, crypto and blockchain need to  be first viewed as cornerstones of something bigger, i.e. Web 3.0.

How is Web 3.0 relevant for today?

For the uninitiated, a discussion on Web 3.0 can quickly become overwhelming. In reality, it aims to make the internet more open source in order to avoid hacks, data leaks, and reliance on centralised repositories. 

Simply put, Web 3.0 is a system for the users, designed by users in the form of creator-driven platforms.

When most users are going forward into 2022  with focus on customized and personalized browsing experiences, Web 3.0 becomes quite relevant to the user’s needs. 

What is Web 3.0?

Moreover, there is a growing need for humanized search assistants with better performance, more intelligent, completely ubiquitous, and should be powered by semantics, AI, and yes that is Blockchain technology.

 Well, if you are following the trends in internet technology, you would know about Artificial intelligence and Machine learning are the two topics that are in vogue.

Web 3.0 aims to incorporate these two technologies along with some other technologies.  The goal is to become more intelligent, autonomous and open.

How is Web 3.0 going to impact the Digital world?

There are many hypotheses regarding the anticipated nature of the internet’s next evolutionary stage. 

Some believe it will change the way we interact with the web, while others believe the changes will be ideological rather than functional. 

But, regardless of what anyone says, one thing is certain.

The next generation internet will basically be:

  1. Open or transparent
  2. Trustless
  3. Decentralized

Let us analyse these terms in order to get a better understanding of web 3.0.

1.Open or Transparent: One of the key distinguishing features of web 3.0 is that it will be an open network. The use of open-source software ensures that the programmes are open. 

This means that the code is available to the internet’s open community of developers. In addition, the development and deployment of open-source software will be done in a transparent manner. 

The open nature of web 3.0 implies that all open-source programmes are essentially virtual resources that should be made available to anyone interested in leveraging their benefits.

2. Trustless: A trustless network is not a new thing. Excluding all the so-called “trusted” third parties from any sort of virtual transaction or interaction has long been an in-demand ideology. 

Considering that data theft is a major concern among internet users worldwide, entrusting our data to third parties does not seem acceptable. 

No intermediaries are allowed to intervene in any online transactions or interactions thanks to trustless networks. 

The uber- popular blockchain technology is a prime example of truthfulness. Blockchain is most commonly used in cryptocurrency transactions. 

It defines a protocol in which only the individuals involved in a transaction are connected peer-to-peer. There is no intermediary involved.

3. Decentralized: Today, social media enjoys extreme popularity.  And understandably so, provided that it allows us to connect and interact with known and unknown people sans any geographical barriers.

However, firms that own social media platforms are few and far between. And these few companies have access to the personal information of millions of people. 

Doesn’t that sound terrifying? This is just one example of how corporations own our data and use it for unknown and unimaginable purposes. 

Decentralization is a concept that aims to eliminate data centralization by providing alternatives that will dethrone the web’s gatekeepers. 

According to experts, web 3.0 will promote the concept of decentralisation in its entirety. Data will be stored in multiple secure internet locations. This will eliminate any data-loss threats and allow us to break down the massive data silos that hold our data.

When it happen anything to internet, it impacts on our browsing experiences, online marketing strategies like digital marketing, SEO and we need to learn new skills to cope with the trends in network technology.

The Bottom line: Web 3.0 is the next stage in the evolution of the internet, the roots of which have already been laid. 

Web 3.0, which is expected to be a hyper-intelligent network capable of understanding information like a human. It is expected to be a massive leap in network technology by current standards. 

Apart from the technological marvels promised by web 3.0, it also proposes the implementation of certain ideologies that will drastically alter the current mode of operation of today’s networks. 

And we, as end users, will usher into a new era of networking, blurring the lines between the real and digital space even further. 

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