Web 3.0 has been given many mysterious descriptions in recent years, from a new age of the internet and semantic networking, through to a decentralized version of the virtual world. To put things in simple terms, next-generation web is the next iteration of the web, which will be heavily dependent upon blockchain technology, cryptocurrency, and, above all, a philosophy of decentralization. Based on blockchain technology, Web 3.0 holds the potential to completely change the internet world. Web 2.0 has been marked by centralization, surveillance, and intrusive advertising, but using decentralized technologies like blockchain would enable a more open environment in which data across the Internet is decentralized.
The growth of technologies like distributed ledgers and blockchain-based storage will enable data decentralization and create a transparent, safe environment, outpacing Web 2.0s centralization, surveillance and exploitative ads. Web 3.0 will be made possible by decentralized protocols, and as a result, I anticipate that the future of the Internet, Blockchain technologies, and cryptocurrency will be interconnected and automated by smart contracts. I am paying attention to the blockchain space because I believe Web 3.0 will enable the web to exist the way it was originally intended, as a true open path providing access to virtually infinite amounts of information.
One of the most promising aspects of Web 3.0 is that, because of Web 3.0s decentralized nature, it will take control of the internet away from the centralized corporations currently dominating it. Web 3.0 promises to deliver peer-to-peer Internet services without any centralized authority, thus offering users greater control of their data. The appeal of Web 3.0 is that Web 3.0 is decentralized, meaning instead of consumers accessing the Internet via services that are mediated by companies such as Google, Apple, or Facebook, individuals own and control sections of the Internet themselves.
While Web 3.0 uses technologies built around semantic web concepts and natural language processing to make user interactions more intuitive, Web 3.0 has other characteristics, like widespread use of artificial intelligence and machine learning, as well as trustless/permissionless systems such as blockchains and peer-to-peer networks. It is the blending of older-generation Web tools with cutting-edge technologies like AI and blockchain, and interconnectivity among users and increased Internet use. Web 3.0 (also known as Web3) is the third iteration of the Internet, which connects data decentralizedly in order to provide a faster, more customized user experience. Web3 (also known as web 3.0) can be defined as the third generation of Internet services, in which semantics powered by artificial intelligence, AR/VR powered immersion, and decentralization powered by blockchain combine to deliver transparent, ubiquitous, open, and socially responsible Internet experiences.
The web 3.0 Internet is the Internet in which you will experience personalised interactions with machines and websites just like you do with any other person. Web 3.0 is the latest Internet technology to use Machine Learning, Artificial Intelligence, and Blockchain for achieving human-to-human real-world communications.
With advancements in mobile devices and Internet connectivity, a Web 3.0 experience will be available anywhere, anytime. Web 3.0 will allow us to communicate with any person or machine around the world, without having to go through any fees-laden middlemen. Because of the wealth of interactions that are now possible, and the globally accessible range of counterparties, Web 3.0 will connect data of individuals, corporations, and machines in cryptographically secure ways, using effective machine learning algorithms, leading to fundamentally new markets and associated business models.
Web 3.0 will dramatically increase both human and machine interactions in scope & complexity well beyond anything we can envision today. Web 3.0 implies Internet access will be ubiquitous and ubiquitous, spanning regions, networks, and devices. In Web 3.0, data will be connected decentralized, in contrast to Internet Generation 2.0, where data is stored mostly at centralized storage locations.
Core features from Web 2.0s like decentralization and permissionless systems will also allow users to have far more control over their personal data. Web 3.0 is believed to be more tailored towards users, ensuring data security and privacy, avoiding risks from Internet hackers. The potential benefits of Web 3.0 are exciting, promising users greater control of their data and privacy. In addition, Web 3.0 will allow websites and applications to make better use of data, tailoring the information for every user.
With Web 3.0, the data generated from a variety of increasingly powerful computing resources, including cell phones, desktops, appliances, vehicles, and sensors, will be sold to users via decentralized data networks, which ensures users maintain control over ownership. The decentralized Blockchain protocols of Web 2.0 will allow individuals to access an Internet in which they can own and receive fair compensation for their time and data, overshadowing the exploitative, inequitable Web in which gigantic, centralized repositories are the only ones who own it and profit. Web 3.0 is expected to help overcome this issue, since Web 3.0 is expected to be the decentralized version of the Internet, where individuals control their data.
More concretely, the Blockchain is a framework for the Web, since Blockchain is changing the data structures on the backends of semantic Web. Since then, web3 has become the catch-all term for everything related to the next generation of Internet, which is decentralized digital infrastructure.
As we progress towards Web 2.0, and as the technologies supporting it mature and are made more scalable, I believe that the web will mirror the intentions of the early days. Web 3.0 will change the future of the web, moving it from being just a two-dimensional network into a more real-world, three-dimensional web. Web 3.0 represents the next iteration, or stage, in the evolution of the web, and could potentially be just as disruptive, and present just as large of a paradigm shift, as Web 2.0.