All about web 3.O in 2023-Apkmirror

In today’s article, we will talk about web 3.O in detail so without any further delay lets begin.

Various Web iterations-Apkmirror

The third generation of the World Wide Web (WWW) is known as Web 3.0 or Web3. It is a concept for a decentralised, open web with better user utility that is still under development.

Web 2.0, which replaced Web 1.0 in the 1990s and early 2000s, is the most recent iteration. We are all aware with web 2.0, which is a word that is frequently used to refer to the internet.

Web is short for “World Wide Web,” which is the main information search engine on the internet. The WWW initials were among the first characters entered into a web browser while looking for a particular resource online, and they are still often used to precede a web URL. The name “World Wide Web,” which describes the vast network of data and resources connected by hypertext connections, is ascribed to Internet pioneer Tim Berners-Lee.

KEY LESSONS

The subsequent, more modern variations of the original Web 1.0 from the 1990s and early 2000s are Web 2.0 and Web 3.0.
Web 3.0, which will be more decentralised, open, and useful than Web 2.0, is the future phase of the internet. Web 2.0 is the current iteration.
Web 2.0 has rapidly expanded thanks to innovations like smartphones, mobile internet access, and social networks.
Sectors that neglected to adopt a web-based business strategy have been impacted by Web 2.0.
Decentralisation, trustlessness and permissionlessness, artificial intelligence (AI) and machine learning, connectedness, and ubiquity are characteristics that best describe Web 3.0.

Web 1.0-Apkmirror

When he was a computer scientist at the European research centre CERN in 1990, Berners-Lee led the early creation of the internet.

He created the three key technologies that formed the basis of the web by October 1990, including the first browser/editor for websites (WorldWideWeb.app):

HyperText Markup Language, or HTML, is the markup or formatting language used on websites. Each resource on the internet is identified by a specific address known as a “Uniform Resource Identifier” or “Locator.”
HyperText Transfer Protocol, or HTTP, enables the retrieval of connected content from the whole internet.

The debut of web browsers like Netscape Navigator in the middle of the 1990s marked the beginning of the Web 1.0 era. The static websites that were downloaded from servers back then were a long cry from the polished material that is the norm nowadays.

At the time, the majority of internet users were enthralled by the novelty of capabilities like email and real-time news retrieval. User access to interactive apps was still in its infancy, while content production was still in its infancy. As internet commerce and banking gained popularity, this interaction increased.

Web 2.0-Apkmirror

Web 2.0 describes a paradigm change in how people utilise the internet. The boring websites of Web 1.0 were supplanted by Web 2.0’s interactivity, social connection, and user-generated content over the first two decades of the 21st century. Web 2.0 makes it possible for user-generated content to be virtually seen in an instant by millions of people all over the world. This kind of entertainment has become incredibly popular as a result of its unmatched reach.

Key developments like mobile internet connectivity and social networks, as well as the almost universal availability of potent mobile devices like iPhones and Android-powered smartphones, have all contributed to the exponential expansion of Web 2.0.

These innovations led to the supremacy of applications in the second decade of this millennium, including Airbnb, Facebook, Instagram, TikTok, Twitter, Uber, WhatsApp, and YouTube, to mention just a few.

Numerous Web 2.0-focused businesses, including Apple, Amazon, Google, Meta (previously Facebook), and Netflix, are now among the largest by market value in the world (there is even an acronym for them: FAANG). This is due to the tremendous revenue growth of these leading platforms.

By enabling millions of individuals to make money part- or full-time by driving, renting out their houses, delivering food and groceries, or making money online, these applications have also fueled the expansion of the gig economy.

Web 2.0 has also caused extreme disruption in several businesses and sectors, to the point that it poses an existential danger. Either they haven’t adapted quickly enough to the new web-centric business model, or they have. The industries that have been struck the most include retail, entertainment, media, and advertising.

Also Read: All about bitcoin 2023-Apkmirror

Web 3.0-Apkmirror

Web 3.0 is the next stage in the development of the internet and the web, and it has the potential to be just as disruptive and a major paradigm shift as Web 2.0 was. The fundamental ideas of decentralisation, openness, and increased user usefulness form the foundation of Web 3.0.

In the 1990s, Berners-Lee elaborated on several of these crucial ideas, as listed below:

Decentralisation: “No authorization from a central authority is required to put anything on the web, there is no single point of failure and no “kill switch” because there is no central controlling node! The freedom from indiscriminate censorship and surveillance is also implied by this.
Bottom-up design: “Instead of having a small group of experts write and oversee the code, it was created in plain sight of everyone, encouraging maximum participation and experimentation.”

Berners-Lee covered the idea of what he called the Semantic Web in a paper from 2001.
Computers lacked a reliable method for processing language semantics, or determining the precise context in which a word or phrase is used. The goal of Berners-Lee’s vision for the Semantic Web was to give websites’ meaningful content a structure and make it possible for software to do complex tasks for people.

The Semantic Web as it was originally imagined by Berners-Lee in 2001 has significantly evolved with the advent of Web 3.0. This is due in part to the fact that Web 2.0 has advanced much over the previous 20 years and that doing so would be extremely expensive and monumentally difficult given all the numerous subtleties and variances in human language.

Features that Define Web 3.0-Apkmirror

Web 3.0 has a few distinctive characteristics, despite the fact that there is not yet a common definition for it:

Decentralisation is a fundamental component of Web 3.0. In Web 2.0, computers search for data that is kept at a fixed location, often on a single server, using HTTP in the form of distinct web addresses. Information in Web 3.0 can be stored in several places at once since it will be found depending on its content. It decentralises itself. This would give individuals more power by dismantling the enormous databases that internet goliaths like Meta and Google presently maintain.

Through decentralised data networks, consumers will be able to sell the data produced by various and powerful computing resources, including as mobile phones, desktop computers, appliances, automobiles, and sensors, while still maintaining ownership control.

As it is built on open source software, Web 3.0 will also be permissionless (meaning that anyone can participate without receiving permission from a governing body) and trustless (allowing participants to interact directly without going through a trusted intermediary).

Web 3.0 apps will thus function on blockchains, decentralised peer-to-peer networks, or a hybrid of the two. These apps are categorised as dApps, or decentralised apps.

With the help of technologies based on Semantic Web principles and natural language processing, computers will be able to comprehend information similarly to humans in the Web 3.0 era. Web 3.0 will also make use of machine learning, a subset of artificial intelligence (AI) that mimics human learning by using data and algorithms, progressively improving its accuracy.

Instead of just targeted advertising, which makes up the majority of present efforts, these skills will enable computers to deliver faster and more relevant outcomes in a variety of fields including medical research and new materials.

Connectivity and ubiquity: With Web 3.0, material and information will be more accessible through a variety of apps and with a growing number of commonplace devices linked to the internet. The Internet of Things is one illustration of this.

Web 3.0: Potential and Pitfalls-Apkmirror

Beyond the social networking, streaming, and online shopping that make up the majority of Web 2.0 services that people utilise, Web 3.0 has the potential to provide customers much more usefulness. Semantic Web, artificial intelligence, and machine learning are at the heart of Web 3.0 and have the potential to significantly expand application in new domains and enhance user engagement.

Decentralisation and permissionless systems, two key components of Web 3.0, will also allow consumers far more control over their personal data. As a result, network effects that have allowed the technological giants to acquire near-monopolies through deceptive advertising and marketing techniques may be limited, as well as the practise of data extraction (the collection of information from online users without their knowledge or agreement or payment for such collection).

Decentralisation also entails considerable legal and regulatory concerns, though. Because there is no central authority under a decentralised framework, it will be considerably harder to monitor cybercrime, hate speech, and false information. Additionally, regulation and enforcement would be exceedingly challenging on a decentralised network. For instance, which country’s laws would be applicable to a certain website whose material is housed in a number of different countries worldwide?

What Existing Example Shows How Web 3.0 Will Increase User Utility?-Apkmirror

You presently have to spend hours searching through various websites and comparing rates to find flights, lodging, and vehicle rentals if you are making travel arrangements on a tight budget. Personalised suggestions based on your profile and interests will be generated by intelligent search engines or bots with Web 3.0, saving you hours of labour.

Is the Semantic Web the Same as Web 3.0?-Apkmirror

Web inventor Tim Berners-Lee’s idea of the Semantic Web has been significantly superseded by Web 3.0. Web 3.0 has other features, such as widespread application of artificial intelligence (AI) and machine learning, and trustless or permissionless systems, such as blockchain and peer-to-peer networks. Web 3.0 uses technologies based on Semantic Web concepts and natural language processing to make user interaction more intuitive.

Which Newer Financial Technologies Will Web 3.0 Facilitate?-Apkmirrora

Web 3.0 is well suited for technologies like blockchain, distributed ledger, and decentralised finance (DeFi) due to its primary decentralisation aspect.

If Web 1.0 were the age of the B&W movie, Web 2.0 would be the age of colour and simple 3D, and Web 3.0 would be immersive experiences in the metaverse.

Tthe conclusion-Apkmirror

It may be Web 3.0’s time in the 2020s, just as the 2010s were the decade in which Web 2.0 emerged as the dominating force in the global commercial and cultural environment. On October 28, 2021, Facebook will rebrand as Meta, which may serve as a precursor to the acceleration of Web 3.0.