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You always hear it as web 3.00, don't you?
What is Web 3.0?
Web 3.0 (aka Web3) is a next-generation internet technology that relies heavily on machine learning, artificial intelligence (AI), and blockchain technology. This concept was created by Gavin Wood, founder of Polkadot and co-founder of Ethereum. While Web 2.0 will focus on user-created content located on central websites, Web 3.0 will give users more control over their online data.
It aims to create open, connected, intelligent websites and applications, and to make data more understandable by machines. Decentralization and digital economies also play an important role in Web 3.0, allowing us to value content created on the Internet. It is important to understand that Web 3.0 is a concept in flux. There is no single definition of the concept and what it means exactly may differ from person to person.
How does Web 3.0 work?
Web 3.0 aims to deliver personalized and relevant information faster using artificial intelligence and advanced machine learning techniques. The development of smarter algorithms and Big Data analytics means machines can intuitively understand and suggest content. Web 3.0 will also focus on 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. While this approach allows for 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 uniquely to each user, similar to the dynamism of communication between people in the real world. In addition, in Web 2.0, users lose ownership and control of this information as soon as information becomes online.
Another important person behind the concept of Web 3.0 is computer engineer Tim Berners-Lee, creator of the World Wide Web (World Wide Web). Lee shared his ideas for the future of the web in 1999:
I imagine the Web (and the computers here) would have the ability to analyze all the data on the Web (content, connections, 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 trading, bureaucracy and in our daily lives will be managed through machines talking to each other.
Berners-Lee's vision later merged with Gavin Wood's message. Here, a huge repository of decentralized information will be accessible to websites and applications. These sites and applications will understand and use data in a way that caters to users' needs. Blockchain acts as a solution to fairly manage this online identity, data and property.
A brief history of the development of the Internet
To better understand Web 3.0, let's look at where we are now and how we got here. In the last twenty years there have been great changes:
The original internet gave us an experience now known as Web 1.0. The term was coined 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 are created using static HTML pages that can 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.
At the end of the 90's, a trend towards a more interactive internet started. 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 importance given to user-generated content and the interoperability between different sites and applications. Web 2.0 is for less observation, more participation. By the mid-2000s, many websites had migrated to Web 2.0 and large technology companies began building social networks and cloud-based services.
Future and Web 3.0
The development of the semantically intelligent web makes sense when we look at the history of the internet. Data is first presented to users statically. Later, users started to interact with the data in a dynamic way. Now algorithms will use all the data to improve the user experience and make the web more personalized and familiar. Just look at YouTube or Netflix to see the power of the algorithms and how much they've already improved.
While its boundaries are not fully drawn, Web 3.0 can leverage peer-to-peer (P2P) technologies such as blockchain, open source software, virtual reality, 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 development of distributed ledger technologies, this may soon change and users can take ownership of their data back.
Main features of Web 3.0
It's still a long time before Web 3.0 is fully adopted, but its core concepts are almost defined. The following four topics are often ranked as the most important features of the Web 3.0 future.
Over time, the ability of machines to understand data and human-created content has evolved. But there is still a long way to go to create a seamless experience with full understanding of the semantics. For example, the use of the word "bad" can mean "good" in some situations, for example figuratively. This is extremely difficult for a machine to understand. But with Big Data and more information to work with, artificial intelligence has begun to better understand what we write on the web and present this 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 provides a tried and tested system for achieving many of these goals. One person's power to tokenize assets, move information on-chain, and create a digital identity are key innovations that have allowed Web 3.0 to emerge.
3D visualization and interactive view
Simply put, the look of the web will change drastically. There is already a trend towards three-dimensional environments, including even virtual realities. The meta-universe is one of the areas leading these experiences, and many people are already familiar with socializing with 3D video games. User interface (UI) and user experience (UX) fields are also working on presenting information to web users in more intuitive ways.
artificial intelligence (AI)
Artificial intelligence is the key to turning human-created content into machine-readable data. Even today, we often encounter customer service auto-response services, but this is just the beginning. Artificial intelligence can both present and organize data to us. This makes it a versatile tool for Web 3.0. Better still, the AI will learn and evolve, thus reducing the burden of future human development.
What makes Web 3.0 superior to its predecessors?
Combining the major features of Web 3.0 would, in theory, offer many advantages. But it should be noted that all these advantages are based on the success of the underlying technology:
1. Lack of a central control point - Agents removed from the equation will no longer be able to control user data. This freedom also reduces the risk of censorship by government or companies and reduces the effectiveness of Denial of Service (DoS) attacks.
2. More connections between information - As more products connect to the Internet, the amount of information that algorithms can analyze increases thanks to larger datasets. This can help provide more accurate information specific to each user's needs.
3. More efficient viewing - 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 convenient web view 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 showered with online advertisements. But if the ads appeal to your needs, they can become useful rather than annoying. Web 3.0 aims to improve advertising by leveraging smarter AI systems and targeting specific audiences based on customer data.
5. Better customer support - Customer service is essential for a smoother user experience on websites and web apps. But many successful web services struggle to scale their customer service operations because the cost is so high. With the use of smarter chat programs that can talk to multiple customers at the same time, users can benefit from a better experience when communicating with their support units.
In what ways does crypto fit Web 3.0?
When it comes to Web 3.0, blockchain and crypto have enormous potential. Decentralized networks successfully create incentives for more informed data ownership, governance and content creation. Some of the features of crypto that have the most appeal to Web 3.0 include:
1. Digital crypto wallets - Anyone can create a wallet that allows you to transact and acts like a digital identity. You do not need to create an account or save 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 quite different from Web 2.0, where the leading tech giants dominate much of our online lives.
3. Digital economies - Having data on the blockchain and using decentralized transactions creates new digital economies. This allows us to easily value and sell online products, services and content without the need for banks and personal information. This openness facilitates access to 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
While Web 3.0 is still in 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 conditions for Web 3.0. Artificial intelligence and natural language processing help both services better understand voice commands. As the number of people using Siri and Alexa increases, so do the suggestions and interactions of the artificial intelligence of these applications. This provides a great example of a semantically intelligent web application from the Web 3.0 world.