Web 3.0 and Its Conection to Crypto World
Web 1.0 refers to the early days of the internet, between 1991 and 2004, when the internet was mostly composed of static pages that were “read only” and there was little interactivity or dynamic content. Web 2.0, which emerged around 2004, brought increased interactivity and user-generated content, and saw the rise of companies such as Facebook and Google that collect data about users to target advertising and personalize content.
I remember a cold joke on it : Why did the web 1.0 website go to the gym? To get a little more dynamic content! I know it is not funny at all, it is accurate though. Lucky for me I am not a web 1.0 veteran :)
Web 3.0, often referred to as the “Semantic Web,” is a proposed next step in the evolution of the internet, in which the internet would become more intelligent and machine-readable. The idea behind Web 3.0 is to make the internet a more intuitive and natural place for people to interact with, and to make it easier for machines to understand and analyze the information on the internet. This is achieved by adding more structure and metadata to the content on the web, making it more easily machine-readable, which in turn will allow new applications, such as natural language search, to be developed. Additionally, web3 is thought to empower the individual with more data and security privacies.
Web 3.0 is currently an area of active research and development, and its ultimate form may differ from what is currently imagined. But in general, it is expected to be more decentralized and user-centric, as well as more secure and private.
In addition to increased machine-readability, web 3.0 is also expected to be more decentralized. This means that instead of relying on centralized companies like Facebook and Google to manage and control user data, web 3.0 would use decentralized technologies such as blockchain to manage data in a more distributed way. This would give users more control over their data and would make it more difficult for companies to collect and monetize user data without their consent.
Decentralization would also make the web more resilient and resistant to censorship, as there would be no central point of control that could be targeted to shut down a website or service.
One of the technologies that is often associated with web 3.0 is blockchain, which allows for the creation of decentralized applications (dApps) that can be run on a peer-to-peer network without the need for a central server or intermediary. This can enable a wide range of new applications and use cases, such as decentralized finance (DeFi) and non-fungible tokens (NFTs).
Overall, web 3.0 is still an emerging concept, and its ultimate form may differ from what is currently imagined, but it is expected to be more intelligent, more secure, more private and more decentralized than the current web.
Bonus on dApps, Peer-to-Peer, DeFi, NFTs
Decentralized applications, often referred to as dApps, are applications that run on a decentralized network, such as a blockchain, rather than on a single central server. By running on a decentralized network, dApps have no single point of failure, making them more resilient and less vulnerable to censorship or hacking. In addition, by having the data and logic of the application stored on the blockchain, dApps can be more transparent and secure than traditional applications.
Peer-to-peer (P2P) technology is a key component of decentralized applications, allowing users to interact directly with each other without the need for an intermediary. This can reduce the cost and complexity of the application, and can also increase security and privacy.
Decentralized finance (DeFi) is a rapidly growing area of decentralized applications, allowing for the creation of financial services and products that run on a blockchain. This can enable new types of financial products and services, such as decentralized exchanges (DEXs) and decentralized lending platforms, as well as new ways for individuals to earn interest on their assets and have more control over their financial data.
Non-fungible tokens (NFTs) are another exciting development in decentralized applications, allowing for the creation and ownership of unique digital assets, such as digital art, collectibles, and virtual real estate. NFTs are unique and cannot be replicated or exchanged for an identical item. This allows creators to prove authenticity and ownership of digital items, which can be especially valuable in digital art and collectibles. NFTs can be bought and sold on marketplaces using cryptocurrency.
Overall, decentralized applications, peer-to-peer technology, decentralized finance and non-fungible tokens are some of the exciting developments that are enabled by blockchain and are expected to play a major role in the future of web3 and decentralized technologies.
