What is Web 3.0

BYqe...FixS

12 Feb 2024

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Web 3.0 aims to provide personalized and personalized information more quickly by using artificial intelligence and advanced machine learning techniques. The development of smarter algorithms and Big Data analytics means machines can intuitively understand and recommend content. Web 3.0 will also focus on maintaining user ownership of content and supporting accessible digital economies.

Today's websites often display static information or user-generated content such as forums and social media. Although this approach allows data to be published in a way that is accessible to large audiences, it does not address the needs of individual users. A website should present information specifically to each user, similar to the dynamism of communication between people in the real world. Additionally, in Web 2.0, once information goes online, users lose ownership and control of that information.

Another important person behind the concept of Web 3.0 is computer engineer Tim Berners-Lee, the creator of the World Wide Web. Lee shared his ideas for the future of the web in 1999:

I dream of the Web (and the computers on it) having the ability to analyze all the data on the Web (content, links, and transactions between computers and people). A "Semantic Web" that will make this possible has not yet been created, but when it is created, the mechanisms that are constantly used in buying and selling, bureaucracy and in our daily lives will be managed through machines talking to each other.

Berners-Lee's vision was later merged with Gavin Wood's message. Here, a huge pool of decentralized information will be accessible by websites and applications. These sites and applications will understand the data and be able to use it in a way that addresses users' needs. Blockchain acts as a solution to fairly manage this online identity, data and property.

Web 1.0

The original internet gave us an experience now known as Web 1.0. The term was created by author and web designer Darci DiNucci in 1999 to describe the difference between Web 1.0 and Web 2.0. In the early 1990s, websites were created using fixed HTML pages that could only display information. It is not possible for users to change data or upload their own data. Social interactions are limited to simple chat programs and forums only.

Web 2.0

At the end of the 90s, a trend towards a more interactive internet began. With Web 2.0, users were able to interact with websites through databases, server-side processes, forms, and social media. These tools have transformed the web experience from static to dynamic. Web 2.0 has increased the emphasis on user-generated content and interoperability between different sites and applications . Web 2.0 is about less observation and more participation. By the mid-2000s, many websites had migrated to Web 2.0 and major technology companies began building social networks and cloud-based services.

Future and Web 3.0

he development of the semantically intelligent web makes sense when we look at the history of the Internet. The data is first presented to users statically. Later, users began to interact with the data dynamically. Now algorithms will use all the data to improve user experience and make the web more personalized and familiar. Just look at YouTube or Netflix to see the power of algorithms and how much they have already improved. Although its boundaries are not clearly defined, Web 3.0 can leverage peer-to-peer (P2P) technologies such as blockchain, open source software, virtual reality, the Internet of Things (IoT) and many other elements. Web 3.0 also aims to make the internet more open and decentralized. In the current framework, users have to use network and cellular data providers that access their personal data and information. With the advent of distributed ledger technologies, this may soon change and users may regain ownership of their data.

Main features of Web 3.0

It is still a long time before Web 3.0 is fully adopted, but its basic concepts are almost defined. The following four topics are generally ranked as the most important features of the Web 3.0 future.

Semantic formatting

Over time, the ability of machines to understand data and the content created by humans has improved. But creating a seamless experience with full understanding of semantics is still a long way off. For example, the use of the word "bad" can in some cases mean "good" figuratively, for example. This is extremely difficult for a machine to understand. But thanks to Big Data and more information it can work with, artificial intelligence has begun to better understand what we write on the web and present that information intuitively.

Blockchain and cryptocurrencies

Data ownership, online economies and decentralization are key elements of Gavin-Wood's Web3 future. We'll dive into each of these topics in a moment, but blockchain offers a tried-and-tested system for achieving many of these goals. Having one person have the power to tokenize assets, move information on-chain, and create a digital identity are crucial innovations that enabled the emergence of Web 3.0.

3D visualization and interactive view

Simply put, the appearance of the web will change dramatically. There is already a trend towards three-dimensional environments, including even virtual realities. The metaverse is one of the areas that pioneers these experiences, and many people are already familiar with socializing with 3D video games. The fields of user interface (UI) and user experience (UX) are also working on presenting information to web users in more intuitive ways.

Artificial intelligence (AI)

Artificial intelligence is the key to translating human-created content into machine-readable data. Nowadays, we frequently encounter customer service auto-response services, but this is only the beginning. Artificial intelligence can both present and organize data. In this way, it becomes a versatile tool for Web 3.0. Even better, AI will learn and improve itself, thus reducing the burden of development that will need to be done by humans in the future.

What makes Web 3.0 superior to its predecessors?

The combination of the main features of Web 3.0 will, in theory, offer many advantages. But it should not be forgotten that all these advantages depend on the success of the underlying technology:

1. Lack of a central control point – With intermediaries removed from the equation, it will no longer be possible to control user data. This freedom in turn reduces the risk of censorship by governments or companies and reduces the effectiveness of dos attacks .
2. More connections between information - As more products are connected to the Internet, the amount of information that algorithms can analyze increases thanks to larger data sets. This can help provide more accurate information specific to each user's needs.
3. More efficient display - When using search engines, it can sometimes be difficult to find the best results. But over the years, search engines have gotten better at finding semantically related results based on search context and metadata. This provides a more useful web display that can help anyone easily find exactly the information they are looking for.
4. Advertising and marketing become more successful - No one likes to be bombarded with online advertisements. But if the ads appeal to your needs, they can become helpful rather than annoying. Web 3.0 aims to make advertising better by leveraging smarter artificial intelligence systems and targeting specific audiences based on customer data.

5. Better customer support – Customer service is crucial for a smoother user experience on websites and web applications. However, many successful web services have difficulties scaling their customer service operations because the cost is too high. Users can benefit from a better experience when communicating with support through the use of smarter chat programs that can talk to multiple customers at the same time.

In what ways does crypto fit into Web 3.0?

When it comes to Web 3.0, blockchain and crypto have huge potential. Decentralized networks successfully create incentives for more informed data ownership, governance, and content creation. Some of the features of crypto that most appeal to Web 3.0 include:

1. Digital crypto wallets – Anyone can create a wallet that acts like a digital identity, allowing you to make transactions. There is no need to create an account or register your information with a central service provider. You have full control of your wallet, and it is often possible to use the same wallet on more than one blockchain.
2. Decentralization – Thanks to blockchain, information and power can be easily distributed among a large number of people in a transparent manner. This is very different from Web 2.0, where leading technology giants dominate large parts of our online lives.
3. Digital economies - Being able to own data on blockchain and use decentralized transactions creates new digital economies. This allows us to easily value and buy and sell products, services and content online without the need for banks and personal information. This open-mindedness makes it easier to access financial services and empowers users to start earning.
4. Interoperability – On-chain DApp and data are becoming more and more interoperable. Blockchains developed using the Ethereum Virtual Machine easily support each other's DApps , wallets and tokens. This further enhances accessibility wherever needed for a connected Web 3.0 experience.

Web 3.0 usage areas

Although Web 3.0 is still under development, there are some examples in use today:

Siri and Alexa virtual assistants

Both Apple Siri and Amazon Alexa offer virtual assistant services that fulfill many requirements for Web 3.0. Artificial intelligence and natural language processing help both services better understand human-voiced commands. As the number of people using Siri and Alexa increases, the recommendations and interactions of these applications' artificial intelligence also improve. This provides a great example of a semantically intelligent web application from the Web 3.0 world.

Connected smart homes

One of the most important features of Web 3.0 is that it can be accessed from anywhere at the same time. This means we can access our data and online services across multiple devices. The systems that control heating, air conditioning, and other features of our homes can now do so in a smarter, more connected way. Your smart home can know when you leave or arrive home and how hot or cold you want the house to be. It may also use this and similar information to create a more personalized experience. You can then access this service from your phone or any other online device, wherever you are.

The Internet has been evolving for a long time and will undoubtedly continue to develop and change in the future. With the increase in available data, websites, and applications, we are moving to a more immersive web experience. Although Web 3.0 still does not have a precise definition, many innovations have already been implemented. It's easy to see the direction we're heading, and of course blockchain looks set to be an important part of the Web 3.0 future.