The Relevance of Web 3.0 and Why You Should Care?

You’ve undoubtedly heard the phrase “Web3” a lot at this point. Perhaps it was discussed at the workplace, university, or over dinner as a friend explained why Dogecoin is flying the moon.

There is a lot of talk about Web 3.0 and the substantial improvements it will entail for business, but so few individuals are aware of its origins and its implications. It is required to go back in time and look at Web 1.0 and 2.0 in order to recognize this.

You might find the constant mention of Web3 to be a little unsettling. After all, the majority of people are still getting used to the contemporary sociopolitical environment that social media has produced. In light of this, it can be overwhelming to even consider a new website.

Even if Web3’s core use instances won’t be fulfilled or understood real soon, we do have a solid grasp of its underlying ideas. It is focused on a network of Blockchain initiatives that are:

Decentralized

Trustles

Permissionless

Interoperable

Web1.0: What was it?

Similar to the Middle Ages, the moniker "Web 1.0 wasn’t granted until it was far too late. The so-called “World Wide Web” was actually merely a collection of information-rich, static web pages with little in the way of interactive features. In order to connect, calling up required using dated modems and disabling phone use across the premises. This was the internet of MSN Messenger, AltaVista, Ask Jeeves, and AOL discussion forums. Embarrassingly slow, streaming music and clips? Ignore it. A track might necessitate at least a day to stream.

Later, 2.0 was released.

The memories of annoying displays and bleepy connections have virtually vanished. Faster internet connections made interactive material possible; instead of just watching, the web now encouraged participation. Information sharing on a worldwide scale gave rise to the “Social Media” era. Facebook, Flickr, YouTube, and Wikipedia offered a voice to the voiceless and provided a platform for the flourishing of communities with similar interests.

It will only take me 30 seconds to publish this blog post, which is a significant improvement over time when it required coordinated efforts from managers, architects, and engineers just to execute a basic website change. We may refer to this as the Read-Write-Publish era because it makes disseminating information so easy. Thus, the subject of web 2.0 is raised.

About Web 3.0:

Web 3.0, the second internet version after Web 2.0, was the moniker until Gavin Wood came up with “Web3” in 2014 and the abbreviation stuck. What then is Web3? In essence, Web3 aims to fix every issue that Web 2.0 introduced. The focus of the upcoming digital revolution will be on distributing power away from big tech and more towards ordinary consumers. As was stated at the outset, the core of Web3 is an ecosystem of decentralised, trustless, permissionless, and interoperable goods.

Revolution of Web 3.0

Web 2.0 proponents were already planning a replacement at this point. They believed that the upcoming web would take a nostalgic turn to the web 1.0 vision: more “human” and more private. The power (and information) would be returned to the legitimate owners rather than being concentrated in the hands of enormous behemoths with shady intentions.

A fairer and more open web has been envisioned since roughly 2006, but the necessary tools and technologies weren’t yet accessible. Bitcoin, which introduced the idea of a decentralized system or blockchain for peer-to-peer data information, remained two years away. Blockchain was the tool; decentralization was the goal. These days, the internet is said to be “human-centered.”

The idea is that Web 3.0 now consists of a variety of dispersed decentralised apps, platforms, wallets, and other digital assets. These interfaces require unique seeds, logins, and identities to access them, much like the current Web 2.0. A single seed will be used by Web 3.0 to connect these dissimilar systems. Web 3.0 will offer identification evidence without disclosing any more information about the person’s identity than is essential because this will function as an encrypting key that can be linked to its author.

Similar to how Web 2.0 did not immediately replace Web 1.0, which is still in use in some areas of the internet, the transition to 3.0 will take awhile and compatibility with current online platforms. We have passed the point of no return, and the Web 3.0 revolution is already launched.

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