Web 3.0 is one of the most commonly used buzzwords in relation to blockchain technology nowadays. It is often described as the next-generation internet in the crypto space. Web 3.0, the core structure utilised by cryptocurrencies like Bitcoin and Ethereum, allows the system to be sustained by a decentralized network.
With this in mind, many wonder whether Web 3.0 is truly a revolution or is it just a hype. To help us better comprehend this, let’s take a look at the differences between Web 1.0, Web 2.0, and Web 3.0 before deciding whether Web 3.0 is really transformational in the crypto world that we live in today.
Web 1.0 is a terminology that is frequently used to characterise the earlier generation of the internet, which subsequently grew into a global network that signified the future of all digital communication at the time. Web 1.0 refers to the ﬁrst version of what would later thrive and evolve into a multi-functional system. This initial form of the internet included web pages connected by hyperlinks but lacked the aesthetic features, functions, and interfaces that we see nowadays while using the internet. Web 1.0, as a result, is commonly referred to as the read-only web, or a non-interactive web. The web users were largely passive, and much of the user input occurred offline.
Examples of Web 1.0
Some examples of Web 1.0 sites include:
- The first website ever (://info.cern.ch)
- Advertisements websites like Craiglist
- Online encyclopedias such as Wikipedia
Web 2.0 corresponds to the most modern version of the world wide web. It is web-driven by businesses that offer services in return for your personal information. The second generation of internet services, Web 2.0, aims to make it simpler for consumers to interact with web information. It aided the growth of user-generated information as well as end-user connectivity and accessibility. Web 2.0 also fosters user participation and engagement in node-to-node transactions. User-generated content can be accessed by millions of individuals across the world instantaneously due to Web 2.0’s interactivity, connectedness, and user-generated data; this unprecedented reach has contributed to the proliferation of this sort of material in the past few years.
Examples of Web 2.0
Some examples of Web 2.0 sites include:
1.Social media platforms such as Facebook
2.Video-sharing platforms like YouTube
3.Blogging platforms like WordPress
Web 3.0 is often considered the future of the internet. It is by far the most advanced web technology that uses cognitive learning, artificial intelligence, and blockchain to enable real-time human communication. The cherry on top is that Web 3.0 not only gives people control over their data, but it also pays them for their online activity. It combines core blockchain features like decentralization and a token-based ecosystem, allowing users to manage both statistics and finances. It’s a form of the internet that’s free of institutional constraints, allowing for an unrestricted and permissionless network.
Web 3.0’s main objective is to develop more competent, more interconnected, and ubiquitous websites. Since Web 3.0 networks run through decentralized protocols, the building blocks of blockchain, and cryptocurrency technologies, we may anticipate a substantial convergence and mutual interaction between these three technologies and other disciplines. For instance, they will be easily integrated, processed by smart contracts, and utilised to enable anything from microtransactions in Africa to censorship-resistant P2P digital file storage and distribution via apps like Filecoin, to fundamentally transform how businesses conduct themselves.
Examples of Web 3.0
Some examples of Web 3.0 sites include:
- Blockchain technology and cryptocurrencies like Bitcoin
- Decentralized social media platforms like Mastodon
- Artificial intelligence-powered personal assistants like Siri
Key Differences Between Web 1.0, Web 2.0, and Web 3.0
Web 1.0, Web 2.0, and Web 3.0 basically represent the evolution of the internet throughout the decades. Unlike Web 1.0 and Web 2.0, Web 3.0 places more emphasis on smart applications and consolidating content. It allows the web’s back end to be enhanced after a lengthy period of focusing on the front-end. Web 3.0 is a platform that leverages blockchains, cryptocurrencies, and non-fungible tokens (NFTs) to redistribute access to individuals in the form of ownership. Web 1.0 was read-only, Web 2.0 is read-write, and Web 3.0 will be read-write-own, according to a tweet from several years back.
Are Web 3.0 and Web3 the Same?
Web 3.0 and Web3 are concepts that are related but represent somewhat different things. Web3 is a concept utilised to define the internet’s potential vision, which stresses decentralization, peer-to-peer interactions, and user sovereignty over data. Through the use of technologies such as blockchain, decentralized networks, and cryptocurrencies, Web3 envisions a more accessible, safe, and user-centric digital environment.
While both Web 3.0 and Web3 are concerned with improving the web’s capacity and guidelines, Web 3.0 particularly refers to the development of the web’s infrastructure and data organization, whereas Web3 reflects a broader vision of a decentralized and user-centric internet ecosystem that uses technologies such as blockchain to accomplish its objectives.
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