Web 3.0 is all the hype these days and has taken the internet by storm even though its concept has been present in our world since the year 2006. Web 3.0 is actually the name of 3rd generation of world wide web and it is connected with, and composed of multiple factors. In this article I will break down all the steps regarding the explanation of Web 3.0 so you can understand what is Web 3.0 and everything about it.

Contents that I shall cover in this article:

• What is Web 3.0?
• How is Web 3.0 different from Web 1.0 and Web 2.0?
• Why there was need of Web 3.0?
• Web 3.0 and its relation with Blockchain
• Characteristics of Web 3.0
• Summary

1. What is Web 3.0?

Web 3.0 or 3rd generation of world wide web is an internet evolution that promotes openness, decentralization and more security to its users. Too many difficult terms? Don’t worry I’m going to go through them turn by turn, just stick to the end. Web 3.0 is shifting paradigm and it is based on different components that will alter our use of the internet by allowing Artificial Intelligence (AI) and Machine Learning (ML) to provide us with more human like experiences from machines. Not only this but decentralization of data using Blockchain will allow users to have more control over their assets.

Decentralization can be defined as opposite of the centralization system. This means that a single authority is not responsible for the ownership and use of data and every user is entitled to their own digital assets. There is no third party ownership of a user’s data, in fact it is totally in a user’s control to sell or trade their data, thus giving them ownership of materials and reducing their privacy risks. This is one aspect of Web 3.0. Now imagine the implementation of core principles such as AI and ML in Web 3.0 along with decentralization. It will be like an internet brain that gives more of a human feel along with offering trust and security

But since Web 3.0 is a growing concept, there are still elements that can change and there is no 100% accurate definition available about it

2. How is Web 3.0 different from Web 1.0 and Web 2.0?

Web 1.0 was launched in the 1900s and basically consisted of any single web page like a big Wikipedia page. It did not allow interactions and after 15 to 20 years, it was replaced by Web 2.0 in the early 2000s. Today we are living in the era of the Web 2.0 that allows users to interact with web pages and websites, allows social connectivity, and user generated content. Web 2.0 is a revolution in itself because it allowed social interaction and wide access over multiple devices with internet. There has been a massive growth in the virtual utility because of Web 2.0. A big example of how web 2.0 has surrounded our lives is we often find ads about the objects we are thinking and we wonder, how can we see exactly what we were thinking or searching about a few days ago? But this happens because we allow “cookies” on multiple websites when we visit them. These cookies are later sold to giants like Google and Facebook and they show us the ads exactly related to what we were thinking.

But it has a huge security concerns and a centralized system. Web 3.0 while being similar to Web 2.0 in a few factors, has the key difference of being decentralized. There is no centralized authority to govern interactions and no permission is required from a third party about a person’s data usage. In a way, Web 3.0 is more advanced while also being reliable and human friendly

3. Why there was need of Web 3.0?

Web 2.0 was a vast improvement over Web 1.0 by allowing user interactions, social activity etc. But there still has been loopholes in the Web 2.0 that gave rise to the development of Web 3.0. This includes centralization, lack of data security, vulnerability towards advanced attacks, being disruptive towards slow growing industries, and offering less transparency. These shortcomings led to the rise of Web 3.0. Major security concerns and threats are being dealt using Web 3.0 technologies. It is also a decentralized technology so it has less intermediaries and offers more security and transparency

4. Web 3.0 and its relation with Blockchain

Blockchain is the core principle on which Web 3.0 operates. How? Blockchain itself is based on decentralization and allows different assets such as Non fungible tokens (NFTs) and other unique digital assets to be sold and traded between two parties directly without involvement of any intermediary party. Because of this decentralization, Web 3.0 will allow consumers to access and govern the internet and web themselves rather than through services mediated by companies like Google, Apple or Facebook

The apps based on Web 3.0 asks users permission on every aspect and the mediated companies don’t get to decide which individual has access or no access to which service, by themselves. In this way Web 3.0 offers us more privacy with the help of Blockchain’s decentralization principle that is not available in Web 2.0

5. Characteristics of Web 3.0

Web 3.0 encompasses multiple features which are listed below

Decentralization: Decentralized storage and individual ownership with the help of blockchain makes Web 3.0 a more secure and open yet trusted network

Transparent and trustful: By being decentralized it will allow people to interact directly and no permission is required by a central authority. People will be entitled to find any relevant data according to their needs

Artificial Intelligence and Machine Learning: Through technology based on semantic web by using AI and ML, Web 3.0 will give us the experience of communicating with a computer same as we are talking to another person. This will help people in internet browsing by removing syntax barriers

High Connectivity: Web 3.0 will provide high connectivity by enabling internet access from all kinds of devices anywhere, anytime and not just through mobile phones and computers. This would be possible because of Internet of Things (IoT) technology which will be present in a huge range of devices in the upcoming years

Summary

Congratulations! If you have read this article, then you are now the part of the community that is familiar with the new tech giant named Web 3.0. An existing example of Web 3.0 utilization is Siri. It is almost like talking to a human and interacting with it is very easy and humanlike. Soon with Web 3.0 implemented in several devices, it will leave us stunned with how much technology can do for us!

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