What is web 3.0?

Chanuka Wijesundara

Chanuka Wijesundara

I am Chanuka Wijesundara, a professional web developer in Canada based in Toronto. I was always fascinated with technology, how the system sets work, and how technology evolves every day around us.
Recently, a new buzzword has gained popularity among technologists, cryptologists, and venture capitalists. If you haven’t added it to your Twitter bio, you are not taking the future seriously enough.
Presume you have access to a new kind of internet that not only analyzes your input accurately but also understands what you say, whether you say it using text, audio, or any other form of media. As we approach a new degree in online transition, we are at a critical stage in the process. Web 3.0 was stamped by several early pioneers.

What is Web 3.0?

How will it glance?

How will it impact our stamina?

BACKGROUND

Web 1.0 and 2.0 are generations developing the World Wide Web via diverse technologies and layouts. Web 1.0 directs to the period approximately between 1991 and 2004 when the majority of websites were static web pages, and the great majority of users were content consumers, not producers. Web 2.0 is usually seen as having begun in 2004 and continues today. It is centred on user-generated content uploaded to social media and networking platforms, blogs, and wikis, among other services.

DEFINITION

It is the advanced next third-generation Internet Technology, leaning on machine learning (ML), Artificial Intelligence (AI), and Blockchain to facilitate real-time human communication.

Tim Berners-Lee, the architect of the World Wide Web, initially guided Web 3.0 as the Semantic Web to build a more liberated, intelligent, and open internet.

WEB 3.0 MEANING

If we expand on the definition simply, websites and apps will process data in a human-like mode using Machine Learning (ML), big data, and Decentralized Ledger Technology (DLT), among other technologies. Data will be decentralized, which is a significant headway over the existing epoch of the internet (Web 2.0), where data is primarily kept in centralized depositories.

Besides, data will be able to transmit with individuals and machines. However, programs must understand information theoretically and culturally for this to happen. With this in mind, Web 3.0’s two pillars are the Semantic Web and Artificial Intelligence (AI).

KEY COMPONENTS OF WEB 3.0

  • Artificial Intelligence
  • Semantic Web
  • Ubiquity
  • 3D Graphics

WEB 3.0, CRYPTOCURRENCY AND BLOCKCHAIN

Since Web 3.0 grids will be established on decentralized protocols — the basic building blocks of blockchain and cryptocurrency technology — we may anticipate a vital intersection and symbiotic association between these three technologies and other industries. They will be seamlessly blended, interoperable, and automated via smart contracts. They will be utilized to power everything from microtransactions in Africa to censorship-resistant P2P data file storage and sharing via applications like Filecoin to alter how businesses conduct and operate their operations fundamentally. The current outbreak of DeFi protocols is only the beginning.

POSSIBLE AND PITFALLS OF WEB 3.0

Web 3.0 holds the potential to supply users with significantly more utility than the social media, streaming, and online retail applications that make up the majority of Web 2.0 applications used by consumers. Semantic Web, artificial intelligence, and machine learning capabilities at the heart of Web 3.0 have the potential to expand applications in new domains and improve user interaction significantly.

Web 3.0’s defining factors, such as decentralization and permissionless techniques, will significantly boost consumer control over personal data. This may aid minimize data extraction—information about web users acquired without their agreement or compensation—and mitigate the network influences that have allowed technology corporations to achieve near-monopoly status via exploitative advertising and marketing activities.

WEB 1.0, 2.0, 3.0

Web 1.0

  1. Read-Only
  2. Home Pages
  3. HTML/Portals
  4. Web Forms
  5. Page Views
  6. Britannica Online
  7. Company Focus
  8. Owning Content
  9. Directories
  10. Banner Advertising

Web 2.0

  1. Read-Write
  2. Blogs / Wikis
  3. XML / RSS
  4. Web Applications
  5. Cost Per Click
  6. Wikipedia
  7. Community Focus
  8. Sharing Content
  9. Tagging
  10. Interactive Advertising

Web 3.0

  1. Read, Write and share personalized content.
  2. Live-streams / Waves
  3. RDF / RDFS / OWL
  4. Smart Applications
  5. User Engagement
  6. The Semantic Web
  7. Individual Focus
  8. Consolidating Content
  9. User Behavior
  10. Behavioral Advertising

WHAT ARE WEB 3.0 EXAMPLES?

Apple’s Siri and Wolfram Alpha are two instances of Web 3.0 programs skilled at synthesizing vast volumes of data into meaningful information and actions for people.

Apple's Siri

For its part, Apple’s Siri relies on advanced speech recognition and artificial intelligence to accomplish tasks like:

“I’m starving; where can I get some lasagna?” Or

Schedule an appointment for 10.00 am tomorrow,

Wolfram Alpha

For better understanding, we may compare Wolfram Alpha vs Google in search results for “England vs Australia.”

Cricket matches between England and Australia appear to be the most prevalent search topic on Google. It’s important to note that neither “cricket” nor “matches” are typed in our search bars.

Wolfram Alpha treats the search as a comparison between two countries and provides geographic, historical data, organized statistics, demographic and linguistic data for comparative analysis.

Beyond all, classic tools (Web 1.0 and 2.0) do a “word by word like” search comparing the text concerning what is posted on the network. In other words, it often introduces information bias based on what is most abundant; resulting in not delivering what is most applicable to the user at the time.

FAQ ABOUT WEB 3.0

It is the third era of internet services for websites and applications highlighting machine-based data cognition to create a data-driven and Semantic Web. Web 3.0’s eventual mission is to encourage the development of increasingly intelligent, linked, and open websites.
Web 3.0 gives us all a more personalized browsing experience. Websites can automatically adapt to our device, location, and accessibility needs, and web apps can learn our usage patterns.
Wolfram Alpha and Apple’s Siri
Denomination emerged for the first time in 2006
These coins and tokens that will enable Web 3.0 are decentralized projects that utilize smart contracts to automate online transactions.

CONCLUSION

The latest internet will hopefully support creating a more egalitarian web. It will be accomplished by permitting users to own their data and furnishing a richer overall experience via the variety of innovations that will follow. Web 3.0 will surely emerge, and it will be challenging to understand, given how many smart devices have already transformed our habits. We will see virtually all existing offline machines, from home appliances to vehicles, become part of the IoT economy, interacting with its liberated servers and decentralized applications (DApps), proffering new digital realms like blockchain and cryptocurrency to dominion a myriad of new tech “miracles” for the twenty-first century.

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