What is Web 3.0: Everything You Need to Know
We’ll look at what web 3.0 is in this article.
You’ve probably noticed that most of us have been talking about web 3.0 for the past few months.
Maybe it’s because of meta, I’m not sure, but the word is popular right now. It’s not new; it’s been around for a while. In truth, we may have heard about web 3.0 before, but not with this specific term; instead, we may have heard of blockchain or nfts.
What does web mean?
The World Wide Web, also known as the Web, is a subset of the Internet. It consists of pages that may be browsed via a Web browser.
Many individuals mistakenly believe that the Web and the Internet are the same thing and use them interchangeably. The term Internet, on the other hand, refers to the global network of servers. That allows people to share information over the Internet.
So, while the Web makes up a substantial part of the Internet, they are not the same thing.
Simple Definition for Web 3.0
It’s nothing but the web services which we are using but instead of using it on the central servers, we’ll be using the web on the decentralized internet using blockchain technology.
In general, the web passed through three stages.
- Web 1.0
- Web 2.0 and
- Web 3.0
The internet began to evolve in the 1980s because it all began in 1960, but it took some time for the general public to begin using it in 1990.
Around 1993, the internet became well-known for a variety of reasons, one of which was that corporations began to use it extensively.
Businesses that want to market their business had a variety of methods prior to the internet. The first & well know method was radio, magazines, and newspapers, so they had a lot of possibilities.
Now they’ve realized they can use this internet service to generate money.
People from all around the world can examine the data or learn about your company if you have a website.
The businesses may create a website and then they have the power to show the world whatever they want.
Also if I’m an individual programmer, I can build a website and write content on my own.
So most of the content you see on the internet from 1994 to 2004 was one-way, whereas a content creator as a programmer builds a website and as a normal user, we can only read data.
In web 1.0 you can only read you can’t write.
The age of web 2.0 began in 2004, although we had other services prior to then.
However, 2004 was a major landmark, possibly because of Facebook, and after that, we had a plethora of services, including Facebook, YouTube, and Instagram.
There are so many services right here in web 2.0, and a normal user isn’t just reading information; they’re also writing it, so they’re doing both reading and writing.
For example, let’s say you use Facebook, The majority of the stuff on Facebook is created by regular people. We upload video content to YouTube, we upload images and video content on Instagram, and so on.
We upload content, so this company only provides you with a platform, most of which is free. Then you as a user can post your content.
People use some platforms to broadcast themselves example Facebook and some platforms to earn money example YouTube.
The problem is when you say most of these platforms are actually free. That’s where the problem starts right in this world nothing is free.
For example, Google services like Google Search and YouTube are free.
Yes, but they are using your data so if you are not paying for the service, you are a product. They are using your data to earn money.
Some may say nothing wrong with that. They are giving us free service so it’s okay if they use our data. The problem is you are not sure how they are using your data.
Even I am okay to allow these companies to use my data for advertisements but I should know where exactly my data is going, unfortunately, we don’t have control over our own data.
The centralized company decides what to do with our data so basically yes we have the power to write content but we don’t have the power to own our content and this is the problem for a long time.
Basically, we want a solution whereas a normal user should be able to own my data.
If a company wants to share my data they should take my permission.
If they want to share my data maybe they should also share profit with me. Now, this is where we got web 3.0.
Of course, we will be having web services like Facebook, Google, and YouTube. It’s not exactly with those names it’s about the services.
Services where you can connect with your friends, where you can upload videos, and where you can search.
Now all these services instead of running on the central server which is currently happening on the centralized servers. Web 3.0 is moving toward a decentralized internet where you don’t have a client-server architecture.
So basically you don’t have clients like us and then servers like Facebook servers.
What we will be having is a peer-to-peer network.
A file exchanged through a decentralized, peer-to-peer (P2P) sharing network is referred to as a “torrent.”
Users can share files without having to submit them to a server using peer-to-peer (P2P) file-sharing.
The word can also refer to the file name extension or metadata that instructs trackers (systems that coordinate torrent file transfers) where to find torrent files.
How it works?
We’ll be having multiple nodes and these nodes can interact with each other. The applications will be running on these nodes with no central servers.
Normally we call those applications as dApps the decentralized applications which are running on the decentralized network now this is actually powered by blockchain because the underlying technology is blockchain so if you understand how blockchain works this will make much more sense.
A blockchain is a decentralized database that is shared among computer network nodes. A blockchain acts as a database, storing information in a digital format.
Blockchains are best recognized for preserving a secure and decentralized record of transactions in cryptocurrency systems like Bitcoin.
Is Web 3.0? The Future of the Internet
We are moving from web 2.0 to web 3.0 and most of the companies are actually helping it.
It’s not like they want to move to web 3.0 but they don’t have a choice.
If they don’t move I mean there will not be any users who will be using their services in the future so they have to.
We are moving towards web 3.0 it will take some time it’s not like tomorrow when you get up you will use all the services on web 3.0 it will take some time for big companies to move and then subsequently you will see all these small services as well moving to web 3.0.
The advantage you will be having as a user on web 3.0 is you will own your data and at least you will know what is happening with your data.
Most of the services are moving on to web 3.0 example cryptocurrencies are already working on web 3.0, NFTs are getting famous now.
Just to reiterate initially we had the web 1.0 from 94 to 2004, then web 2.0 from 2004 to 22. From next year you will see a lot of services on web 3.0.
So I hope you got some sense of what is web 3.0.