Web 3.0 Explained: What You Need to Know

Web 3.0 Explained: What You Need to Know
November 15, 2021

Web 3.0 is the next evolution of the web, it's is very ambitious and defined by four core principles - decentralization, collaboration, sharing resources, and trustless.

Web 3.0 will be massively important for effective knowledge management because it will allow you to stop worrying about what happens with data in terms of privacy or content ownership when resources are not stored in central points but in globally distributed networks.

First, will see what is Web 1.0 and Web 2.0

Web 1.0 refers to the original release of websites, with characteristics such as static content, limited interactivity, and an absence of real-time updates.

Web 2.0 is a term that's used to refer to many of the developments made in the field of web development over the past decade, including features such as social networking, dynamic sites, eCommerce sites, and user profiles which became increasingly significant in website design and promotion during the early-mid 2000s.

What is Web 3.0?

Web 3.0 is a more evolved version of the internet than its predecessors - Web 1.0 and Web 2.0. It is a new architecture based on decentralized computing so people can own their data and have total control over up who accesses it. In order to ensure security, every copy of the blockchain on a device must be synchronized to verify the integrity and check for errors.

Technologies Will be used for web 3.0

  • Blockchain
  • P2P File Sharing
  • P2P Computing
  • Machine Learning
  • Internet of Things

What are the benefits of web 3.0?

Web 3.0 is allowing for people to create online organizations without any centralized organizations. Websites on Web 3.0 are decentralized, so people own the sites they develop themselves instead of being owned by some anonymous company that could have ulterior motives.

This decentralization improves privacy and security because hackers are less able to cause problems with just one site since it would just leave them with a small percentage of data stored on the web as opposed to the information stored on servers worldwide.

Web 3.0 is nothing but a rebranding of the internet, so its main purpose is to allow the web not to be under centralized control. It uses a technology called blockchain, which is backed up by ledger technology. Using the Decentralised Database, information will be hosted on multiple computers instead of just one server.

How is it better than the old versions of the internet?

Web 3.0 is like the new internet, updated with better features than its predecessors. The newest innovation it comes with is called blockchain technology, which is an open-source internet protocol that prevents any user or centralized entity from controlling data.

No one can store or manipulate data without everyone else knowing about it once shared over the Web 3.0 platform. Data integrity and security measures are also improved by using this system since it is almost impossible to change anything on the platform without another user noticing.

Web 1.0 Applications:

  • Netscape
  • Document Website
  • Static Websites

Web 2.0 Applications:

  • Facebook
  • Instagram
  • Airbnb
  • Medium
  • Spotify
  • Upwork
  • Uber

Web 3.0 Applications:

  • BitCoin
  • Ethereum
  • Maker
  • Ocean

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