Significant upgrades have been made since the invention of web technology. At the first stage of the Web, data was presented statically. Now data are more dynamic, and users can interact with them. In the future, data will be improvised using artificial intelligence to improve user experience and make the Web more personalized.
Table of content
- What is Web 3.0?
- Evolution of the Internet
- Key Features of Web 3.0
- Web3 Projects
- Web 3.0, Blockchain and Cryptocurrency
What is Web 3.0?
Web 3.0 is the next era of the internet, where data will be interconnected more decentralized. In the current generation (Web 2.0), large amounts of the Web’s data and content are centralized in a few “Big Tech” companies. Web 3.0 technology heavily relies on blockchain, artificial intelligence and machine learning technology. Web 3.0 aims to deliver more personalized and appropriate information faster using these technologies. Tim Berners-Lee, the inventor of the World Wide Web, called this idea “Semantic Web”. The goal of the Semantic Web is to make Internet data autonomous, intelligent and machine-readable.
Evolution of the Internet
Web 1.0 (1991-2004)
Web 1.0 roughly refers to the period from 1991 to 2004 where most websites were static pages. Rather than a database, the information was displayed from the server file system. Users had a very limited to no scope to interact with the information shown. Even commenting on articles was not possible, making it a one-way highway.
Web 2.0 (2005-Present)
Web 3.0 (The Future)
Web 3.0 is the future web technology where the internet would be more open, intelligent and decentralized. Using advanced technologies like artificial intelligence, machine learning and blockchain, information would be more relevant, faster and users could bring back ownership of their data.
Key Features of Web 3.0
In web3, websites and applications don’t store data on a single server, usually managed by a single service provider. Instead, web3 applications run on blockchains, a decentralized network of peer to peer nodes. These apps are often called decentralized apps (dapps).
No central point of control:
Since data are not stored in any centralized server, user data will no longer be controlled by any particular person or group. It reduces the risk of being controlled by governments or corporations. It also cuts down the enormous potency of DoS attacks.
Since the information is not controlled and censored by any centralized owner, transactions won’t require central permission. A distributed network of nodes will verify transactions.
The more products connected to the internet, the more data algorithms provide for analyzing more extensive data sets. Through the use of AI and cutting-edge machine learning practices, Web 3.0 will deliver more accurate information that meets the specific needs of individual users at a faster rate. Today, AI assistants like Apple’s Siri, Amazon’s Alexa and Samsung’s Bixby can understand human voice and immediately identify the correct information or action. AI-assisted Web 3.0 applications will be more intelligent and keep expanding their abilities to provide a personalized experience.
Advanced advertising and marketing:
In Web 3.0, advertisement and marketing will be more immersing with the help of intelligent AI systems and targeting precise audiences based on customer data.
Helium is a new network model for IoT devices powered by Helium Blockchain. Helium’s secure blockchain and physical hotspots can supply miles of wireless network coverage for millions of devices around you. Anyone can buy a helium hotspot or build their own using open source software and off-the-shelf hardware. Hotspots earn HNT(a crypto token) for transferring device data over the network when someone connects with them. The more device data a Hotspot transfers, the more it earns. On the other hand, as more validators and hotspot providers see rewarding prospects in HNT, end-users get more hotspots to connect to. Explore more about the project…
Filecoin is a decentralized data storage system. Far apart from the centralized cloud-storage businesses like Amazon Web Services or Cloudflare, Filecoin leverages its decentralized personality to safeguard the integrity of a data’s location. This way, it makes data smoothly retrievable and challenging to censor. Explore more about the project…
BitTorrent is a peer-to-peer (P2P) file-sharing communication protocol, recently acquired by TRON. Since its acquisition, BitTorrent has added different new functions, with a devoted native cryptocurrency token, BTT. Official says BitTorrent is currently the world’s “largest decentralized P2P communications protocol”. Explore more about the project…
Sia is a blockchain-based distributed and decentralized cloud storage platform. Sia acts as a safe, trustless marketplace for cloud storage where users can rent access to their unused storage space. Contracts and trades are executed with smart contracts. Siacoin (SC) is the native utility token utilized on the network. The project’s primary goal is to evolve the “backbone storage layer of the internet.” Explore more about the project…
Brave is a free and open-source web browser for PC, Mac and mobile, developed by Brave Software, Inc. Brave is a privacy-focused browser, which automatically blocks intrusive ads & trackers in its default settings. Brave also offers users to watch privacy-preserving adverts and receive BAT. The Basic Attention Token (BAT) is the reward unit in this advertising ecosystem and is exchanged between advertisers, publishers and users. Explore more about the project…
Web 3.0, Blockchain and Cryptocurrency
Blockchain and cryptocurrency could be key elements of Web 3.0. The next generation of the internet, supposed to be decentralized, where users can interact and participate intelligently without worrying about the central, data-specific storage. To make the web evolution more comprehensive and less biased, blockchain technology is a key resource to focus on. With the advent of blockchain, the crypto state could become a more influential place in a few years from now. Because cryptocurrency could provide financial incentives (tokens) to those who want to create, manage and contribute to the projects themselves. Ethereum, for example, comes across as one of the most popular Web 3.0 blockchains. It helps developer to build decentralized apps (dapps).