Web 3.0 : Everything you need to know !
Today's blog is going to be one of the most trending topics in Web 3.0, With the recent hype of NFTs, metaverse, crypto etc Web 3.0 seems to be coming into reality now more than ever!
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A quick intro to web 1.0 and 2.0
Let's understand web 1.0 and web 2.0 before we get into web 3.0, Web 1.0 was the invention of the internet during the period of the early 1990s (WWW- world wide web) Here most of the content was Static. People could use it to access some information such as news, sales, etc.
Web 2.0 was during the late 1990's itself but by the mid-2000s (2005 ish) most of its main features were out. Now people could not only have a source of information but even interact with the website ( eCommerce, social media, youtube etc ) A whole new world of possibilities was a by-product of web2.0
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Deep into Web 3.0
By now you must be wondering what are the features of web 3.0?
Web 3.0 is decentralised internet in simple terms. Where there is no middle company that has control over it. For example, Suppose you wanted to create a social media account you need to give a lot of personal info and even while uploading any data you have to insert more data onto the social media application, this data can be misused by these tech giants, What web 3.0 does it removes the middle man so now the data is on a decentralised network which leads to removal of the " platform " role.
Web 3.0 is the next speculated (under development) phase of the internet. In web2.0, it was mostly owned by all these tech companies but now in 3.0, it's going to be governed and " owned " by the users themselves. Since as of now our data is half of these companies our privacy is at stake now these companies could sell our data to other companies to make Billions of $$. To avoid this sort of data leaks we need web 3.0 asap. Now with the current hype of crypto, the new phase of the internet seems more realistic!
It works on the principle of a decentralised autonomous organisation (dao) where any business transaction is transparent and viewable by anyone. Blockchain follows the dao principle - Here Blockchain is a ledger 📒 where all transactions are recorded and viewable by all. Though no one can edit a transaction that has already occurred. To understand blockchain concepts deeply check out my previous blogs on it ^^.
We can take an example of steemit itself here once a blog is created it is forever stored on the blockchain and can never be deleted(editing the content is more of a feature).
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Web 3.0 Applications
We can create various dapps on web 3.0
Steemit again is a big live example, we can also have messaging apps which could provide more data security than an end to end encryption, Social media apps could be decentralised. Instead of cloud storage by companies such as google, apple, Microsoft we can have decentralised cloud storage. Our normal browsing data can be even more secure and banks could start utilising this technology for increasing the liquidity and security of assets they have.
My Conclusion
Web 3.0 will provide a much more secure, customisable, smarter internet. Now every individual will be the owner of their data, this would lead us to a whole new digital world with a lot more possibilities.
Hope you learnt something new in this blog, Let me know your thoughts on this topic in the comments :^)
Hello @the-prithvi, I would like to know in person how web 3.0 would work, the features you describe in your post are wonderful, but only with use will the users themselves be able to determine what the possible disadvantages would be.
Thanks for this info
hello @tocho2,
Glad you found the post useful ^^
Yes, your point is precise we can only determine the true advantages and disadvantages when users utilise this technology first hand. I am hyped for seeing all the new digital tech we will come across in the web 3.0 era.
Thnx for taking your time to share your thoughts on this topic :^)
Hello @the-prithvi
This is concrete information. But the truth is that both 2.0 and 3.0 are still coexisting. I had not thought about this, but I think this will be the reality for a long time to come.
But the trend is towards decentralization of most platforms. Indeed, steemit is an example of this.
More changes are coming, there are things that still need to be improved so that 3.0 can adopt more users, for example, scalability is one of those problems.
Hello @josevas217,
Glad you found this post informative!
In my perspective, Web 2.0 and Web3.0 will coexist to a certain degree even in the far future because even if we have fully decentralised platforms a lot of features of 2.0 (other than the centralised platform concept) could be implemented to enhance an application.
Couldn't agree more scalability is a huge problem, Nowadays we have so many major companies trying to enter the metaverse/nft space and for that, they need to utilise web3.0, these things are pacing up the growth and scalability of web3.0.
Thnx for taking your time to share your thoughts on this topic :^)