Understand Web 3.0 with Example? & Why It Matter

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Understand Web 3.0

Web 3.0 is the latest innovation in the tech world, it will change the way of today’s working. 

All websites are based on web 2.0 in today’s world. But web 3.0 provides more features, benefits and has an upgraded version of web 2.0.

Web 3.0 leverages machine learning, artificial intelligence, and blockchain technology. And you get faster speed, full control, decentralization, real-world human communication, no need server, enhanced security, etc.

Web 3.0 understands everything you express, whether it is through text, voice, or other media, where all the content you consume will suit you more than ever.

So, are you excited to enter a new world? Do you want to become a part of a new revolution?

So, read this article till the end. 

Key Takeaways:

  • Web 3.0 leverages machine learning, AI, or blockchain technology to achieve real human world communication.
  • It is fast, secure, and provides a great user experience.
  • No need to depend on huge servers and don’t worry about security.

Read Also: What is Blockchain Technology & How Does It Works

What is Web 3.0?

Web 3.0 is a third iteration of the internet that is based on decentralization and gives a real human world experience. Web 3.0 is to make searches on the Internet much easier,  faster, and more efficient so that even complex search sentences can be processed in less time.

It is built using machine learning, artificial intelligence, semantic web, and blockchain technology that help to deliver fast, secure, reliable, better user experience, and more efficient information. 

Also, it is called the Semantic Web by World Wide Web inventor Tim Berners-Lee.

The idea behind using Semantic Web is that it can understand and interpret the context of the data which helps to deliver more accurate and relevant results to the end-user.

Today’s tech giants companies like Google, Facebook, and Microsoft are making money with the help of our data. But in web 3.0 we have full control over data and privacy. 

For Example

Livepeer: Livepeer is a decentralized video streaming network built on the Ethereum blockchain. It provides an open-source streaming service that aims to build a streaming stack for Web 3.0.

Steemit:  Steemit is another great example of a social network Web 3.0 example that is totally based on the steem blockchain network. It is also a great decentralized reward platform that helps in contributing to monetizing their content. It is similar to Reddit. 

Another Example of Decentralize Messenger 

E-chat: This is completely based on the decentralization blockchain network. It is another fastest-growing social network that offers fast and secure messenger.  In this, you can send cryptocurrencies, your data is not used in advertisements. The e-chap app is available on the app store and plays market. 

Difference Between Web 1.0, Web 2.0, and Web 3.0

Lots of different types of change have in the internet world from 1994 to till now. Let’s discuss

Web 1.0 Web 2.0 Web 3.0
  • This is a read-only web. Where users only read written content from websites.
  • Viewing web page after it loads
  • Create interactive content and forms by using javascript
  • Using cookies to store information
  • This is read-write web. Where users read and write content on websites.
  • Create dynamic or user-friendly websites
  • Users can interact online with other people 
  • Highly secure than a web 1.0.
  • Ex. Facebook, Youtube, etc.
  • Here, users read, write and interact with the website.
  • Higher secure than both web 1.0 & web 2.0
  • Decentralization: Can’t control by organization or company
  • Web 3.0 is based on blockchain

 

Why do we need web 3.0?

Why do we Need Web 3.0

I think web 2.0 is good but there are some minor problems which we face. 

Let’s understand which problem solve by web 3.0.

#1 High Security:

As we know web 3.0 is more powerful and secure than web 2.0 & 1.0. This is highly secure because of its distributed nature and decentralization. It would be difficult for hackers or exploiters to penetrate the network. 

Because of decentralization, it will be harder to take full control of an organization by hackers. Each and every transaction is based on a consensus mechanism system. You need 51% agreeable people to successfully transact or add a block. 

And hackers also need to hack  51% of the network to successfully hack this network. And this is next to impossible for hackers. 

#2. Privacy and Decentralization

Web 3.0 will bring a pro-privacy and anti-monopoly structure to the network. These platforms will not be controlled by any person or organization.

In a simple world, we will see a world where the central theme will be privacy and decentralization. Where we no need of middle-man for doing a successful deal.

Already different type of blockchain technology is working on it like Ethereum, Hyperledger, Corda, etc.

#3 Data Ownership:

Until now, the big corporation is used user-generated data to make money.  But in web 3.0 end-user have full data ownership. The data will be completely encrypted in these networks. 

#4 More Reliable

Web 3.0 is based on a decentralized network that gives more freedom to creators. Users always remain in control of their online data. Because of decentralization, we don’t depend on a single network that provides maximum uptime and more reliability. 

#5 Remote Access 

In web 3.0, we can easily access data or information across multiple applications without the need for a particular device.

It means you don’t need any particular device to get access. You can easily access the web from any device with the help of internet connectivity and functionality.

Advantages and Disadvantages of web 3.0

Advantages  Disadvantages
  • Expanded data connecting: Semantic web will help in the network of online information.
  • Proficient looking and Better showcasing.
  • More productive web perusing.
  • Compelling correspondence and Change human collaboration.
  • More adequate and accurate search results.
  • Working on the internet becomes much easier as the internet is personalized.
  • Easy to share knowledge
  • Less progressed gadgets won’t have the option to deal with Web 3.0.
  • Web 1.0 sites will appear to be substantially more outdated
  • It tends to be exceptionally confounding for newcomers to comprehend.
  • Technology isn’t altogether prepared for it yet.
  • Easy to get user’s Public/private information.
  • People will spend more time surfing the web.
  • Privacy policies are needed.

 

Working of Web 3.0

Web 3.0 is much easier, faster, secure, and more efficient to process than web 2.0.  

As we know that in web 2.0, website data or code, a creator’s content, and other activities are hosted on a centralized company’s server.  They have full access to your content. 

But in the case of web 3.0, you don’t need to rely on other company’s servers to host your content on the web. Web 3.0 is based on blockchain that provides you server for building apps, websites, and content.

Your applications are deployed on a decentralized state machine, that is defined in smart contracts written by developers. 

working of web 3.0

Final Thought:

At the beginning level, understanding web 3.0, blockchain, and cryptos are very complicated. But if you read these all things regularly, you will find new techniques and interesting facts about web 3.0.

Don’t let that panic you. Generally speaking, the important things stay consistent over time.

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