What is Web3.0?
Web 3.0, also known as the executable web or read-write-execute web, is the next version of the World Wide Web. Dynamic applications, machine-to-machine contact, and interactive services were the initial steps in this direction.
It also discusses the development of distinct websites and how they communicate with each other. Data is shared rather than owned, with different services displaying different representations of the same data or web.
It is also known as the Semantic Web, which is a term used to describe a web in which data is connected and understood conceptually as well as contextually by computers, paving the way for the development of AI and ML.
The Semantic Web
It is the next step in the development of the Internet. Instead of relying on keywords or numeric identifiers, the semantic web uses search and analysis based on a user’s ability to grasp the meaning of individual words and phrases.
Increasingly, websites and services are using a three-dimensional design. 3D images may be seen in museum tours, computer games, e-commerce, geographic settings, and more.
As a result of semantic metadata in Web 3.0, data is more interconnected than ever before. Because of this, the user encounter is elevated to a new degree of interconnectedness that makes use of all accessible data.
Because the web is available from almost any device with an internet connection, users may make use of these services from virtually anywhere.
When it comes to the present status of the internet, Web 2.0 refers to the amount of user-generated content and ease of use for end-users. “Web 2.0” is a broad phrase for the Internet applications of the twenty-first century that have altered the digital age after the dot-com bubble burst.
The term “Web 2.0” does not relate to any particular technological advancement on the internet. Instead of being passive recipi
ents of information, users may take an active role in the experience in this new iteration.
Is Web 2.0 a Problem or a Solution?
By providing services in return for personal information, the market is controlled by big corporations.
It supports worldwide P2P connections, albeit via a third-party intermediary. Because of this, it serves as a reliable go-between for strangers. It also sets the rules for all transactions and has complete access to all user data.
In the absence of a native value settlement layer, people have no control over their data. Clients send and receive data via the Internet from a server, which is where it is stored and handled.
Every time we use the internet, we relinquish ownership of our data every time since it is transferred to a service provider every time we do anything.
Furthermore, since our data is kept in a public cloud, there is a question of whether or not we can put our faith in it. You cannot trust anything if it isn’t properly verified.
Comparison of Web3 and Web2
Web2 is more concerned with engagement and community building. Web3 is more concerned with semantic learning, decentralisation, and the empowerment of individual users.
Twitter may restrict every tweet or account in Web2, but since power in Web3 is decentralised, Web3 tweets are uncensorable.
Servers may fall down in Web2 for gig-economy applications, affecting worker pay, whereas because of Ethereum’s decentralised network of thousands of machines, Web3 servers will continue to function.
Web 2.0 technologies include HTML5, CSS3, JS, and AJAX, while Web 3 employs ML, AI, and decentralised protocols.
Web2 payment services may not allow payments for certain sorts of labour, but Web3 payment applications need no personal data and cannot even restrict payments.
Data in Web2 belongs to the network, while data consumption and sharing belong to entities in Web3.
Web3’s Long-Term Future
If we’re going to wager on which battleship is going to destroy the other, we may as well embrace the greatest features of Web3 that can fix some of the problems with Web2. There’s little doubt that the forthcoming metaverse will rely heavily on Web 3.
The resistance to Web3 isn’t going to stop it from becoming a better internet. Attempting to stifle the spirit of entrepreneurship in a worldwide movement where individuals may create billion-dollar firms is unlikely to work.