Introduction
Web 3.0 is a novel iteration of the worldwide web (WWW). Consequently, the current internet version runs on Web 2.0. The World Wide Web is a humongous aspect of Information Technology (IT). On top of that, its evolution has been the essence since the advent of the renowned internet. Similarly, Web 3.0 is an extension and the betterment of the ideas and concepts that existed in Web 1.0 and web 2.0. Moreover, many people consider the different versions of the web; web 1.0, web 2.0, web 3.0, and so on as concrete and have a launch date and an end date. However, this is not the case here.
Web 3.0 is just like the previous, has a concept with smaller and numerous ideas within it. Web 3.0 provides advantages, such as the blockchain and the security it grants, the advent of Virtual reality (VR), secure privacy, different medical usages, and academic purposes. Others alike are just a glimpse of many wonders, something beautiful Web 3.0 has to offer.
In this article, such aspects will get highlighted, ranging from its fundamentals, motives, the current scenarios, possibilities in the future while wrapping it up with the merits of Web 3.0.
Foundation
Web 3.0 is a concept, an idea that has various ideas within. Tim-Berners Lee was the one who created web 3.0. Therefore, it underwent lots of changes from different developers around the globe considering the demands and innovations.
Background
To understand the need for web 3.0, web 1.0 and 2.0 needs to get discussed. Since, the initial period of the web consisted of static pages linked through hypertext, which was known as read-only, the users only review the information. After that, a new wave came and became prominent. As a result, the concept of machine learning came into existence. The machine got familiar with the likings and disliking of the user via the person’s search history and clicks. After that, it provided a search similar to the interest of the user. This Sink inside it the privacy as a week. Collection of data became very easy. Hence to stop it and secure the privacy of users, web 3.0 was introduced.
Impact
Discussed below are the various impacts of Web 3.0:
- It has provided the concept of cryptocurrencies such as bitcoin, Ethereum, dogecoin, etc. And NFTs, which are the deed of ownership and are reliable as well. It stands for Non-fungible token and is one-of-a-kind and unique. So, it meant that they could be purchased or sold but could never be interchanged or replaced.
- Augmented reality and Virtual reality have opened paths to innovation, economic influx, better marketing, and more realistic and real lifelike usage.
- Blockchain has been presented and introduced as operating on the phenomenon of Zero-knowledge proof. Blockchain is like a ledger with perks. Daniel Field suggests that blockchain has led and will continue to lead towards decentralization. Also, there is no entity in charge of the transactions made by the users online.
- Secure privacy means that advertisers can only collect the data which the users allow them to. Websites and web pages will also oblige
Conclusion
Web 3.0 is a gradual process that will change the course of the entire internet as we know it today. Augmented Reality or Virtual Reality is being operated and is active by medical facilities, the military, and educational institutions. The advent of metaverse will also bring about various innovations. On top of that, it aims to bring Web 3.0 is a gradual process that will change the course of the entire internet as we know it today.
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Cryptocurrencies, NFTs and web
About the Author
The article was written and optimized by Omar Azhar. He’s an SEO Blog writer and a web developer. Refer to LinkedIn profile for more details… Omar A. Malik
