The internet has made our lives comfortable as it serves as a source of information and knowledge. This year the founder of Facebook has changed the name of his company to META.
Mark Zuckerberg says it is the beginning of a new chapter for the internet.
Most people consider it a hint for the third generation of the internet.
WHAT IS WEB 3.0?
Web 3.0 is the next evolution of the internet, where cryptocurrency and other internet services will operate on block chain and decentralized networks. It will include intelligence factors-like machine learning, artificial intelligence.
Comparison with web 1.0 and web 2.0:
WEB 1.0:
It is the first generation of the internet, started in 1991 and remained in action up to 2004. it was known as read-only internet, as it included static websites that were only useful for the consumers. On the web, 1.0 consumer can get information by reading. It was like many Wikipedia that were interconnected.
Web 2.0:
It was started in 2004, still working until now. In this period, the web was transformed in a Revolutionary way. The major revolution was the interactivity of the internet. In web 2.0, the users are consumers, creators, and Shoppers. They not only get information, but they also provide information in the form of data. To provide better internet facilities, many internet companies collect data from the users like location and other details. However, these internet companies sell this data to advertisement companies. So the web 2.0 was the Era of a centralized world where privacy was a myth. That is why it was called the age of targeted advertising.
WEB 3.0:
The world is moving towards the third generation that has no official definition until now. However, it would use blockchain technology and the tools for decentralization. In this Era, the user will be the owner of its content and they will be able to control the data and networking as it will operate on blockchain networking which will ensure that it won’t get attacked or censored. Experts said that in web 3.0 every company will be run by a decentralized group called decentralized autonomous organization (DAO). Unlike web 2.0 there will be no central position of any founder and CEO of the company. The user who will get non-fungible token NFT will make decisions by voting. In this third generation of the internet, privacy may not remain a myth. One can work by using a digital identity without showing personal identity.
benefits of web 3.0
it will be:
- more reliable
- decentralized internet where the control will be in the hands of users
- secure privacy
- will be cheaper and easier to use for everyone
Enjoy