Web 3.0 Technology: All you need to know about it

I think it wouldn't be wrong to say that web 3.0 is the hottest new buzzword in the market. The curiosity to know what is this new web 3.0 technology is everywhere. You open Twitter, and you'll see people are tweeting about it. You open youtube, and you'll see people explaining it. Web 3.0 is trending on almost all social media platforms. 

When we see everyone talking about a particular topic, it is a common human tendency to learn about the latest technology. Here I can assure you that in this article, you will get a basic understanding of what web 3.0 technology is, and it will protect you from sounding ignorant when your colleagues or friends talk about it.

Web 3.0 is another evolution of the Internet that takes it one step further from where it is now. Web 3.0 is a new iteration of the WWW (World Wide View) based on blockchain technology. 

The fundamental reason why we need another version of the Internet is to end the monopolistic control of big companies and governments. The basis of web 3.0 technology is to personalise things for consumers and protect their data from being stolen.

Web 3.0 promises intelligent connectivity, dynamic compatibility and more democratic functionality to enhance the user experience and safety. 

Let's now dive deeper and learn what is web 3.0 technology.

What is web 3.0 technology?

The idea of web 3.0 was first coined by Ethereum founder, Gravin Wood in 2014. The concept of web 3.0 is nothing but the next version of the web based on blockchain technology. Blockchain is basically a system that records transactions and information in a way that makes it almost impossible to hack and change it.

The web 3 benefits can be understood with its peer-to-peer technologies like blockchain, virtual reality, Metaverse, and the Internet of Things which help to make the interaction more open and decentralized.

In web 3.0, data will be interconnected in a decentralized manner, enabling a massive leap to the future where our dependencies on centralized repositories for data storage reduce significantly.

The current internet version majorly focuses on tagging and making a better user experience, while the next version, i.e., web 3, focuses on empowering the users through privacy and security.

Comparison: Web 1.0 vs Web 2.0 vs Web 3.0

The evolution of the internet is the best thing that has happened to humanity ever. We started from web 1 to web 2, and now web 3. The more technology will grow, it will enhance the connectivity level among the users.

Let's discuss each version of the internet one after another.

Web 1.0

This is when the internet emerges for the very first time in 1989. The aim of the internet at that time was only to share information with users across the world. 

People were using the Internet to consume information that is majorly web developers add. At that time, the websites were limited to home pages and links. It was also called the read-only version of the Internet as there were no options to interact with each other.

The first version of the Internet roughly existed between 1991 to 2004.

Web 2.0

It is a better and more interactive version of the Internet, which we are using currently. This version of the Internet allows us to read, write and interact with others via social platforms. 

Web 2.0 allows users to create things on the Internet, and share information with the rest of the world. 

Some of the best and most well-known examples of web 2 applications are Youtube, Facebook, Instagram, Twitter, etc.

Web 3.0

It is right to say that web 3.0 is the future of the Internet. Its aims move one step further with interaction. The biggest benefit of web 3.0 is that it is a decentralized system, driven by Machine Learning and Artificial Intelligence and leverages blockchain technology.

It embraces real-world human communication instantly. It is in the hands of the users to retain and control the data and information. Imagine a situation when you type and say something and the Internet translates exactly what you want. Isn't it great? It is just the basic thing. Web 3.0 is there to revolutionise the life of people.

Conclusion

I tried to take you on the small journey of the evolution of web 3.0 technology and tried to explain to you the tiny concepts about web 3.0 technology. 

Web 3.0 is a very big concept and can't be summarised everything in one article. It is going to be more dynamic and interactive than ever before, which will change our Internet experience forever.