Web 3.0 technology is the new internet generation that focuses on decentralization, Artificial intelligence, and the Semantic Web. By decentralization, there will be no owner, no CEOs, or presidents. Every individual will be the owner of the web, and he would have complete control over his data.
Introduction to Web 3.0 Technology:
Currently, few companies control the whole internet, and there is no room for the new to grow. These big companies are called “Siren Servers“. They give free services to users in exchange for their valuable information. They are the owners of users’ data, and that data is used to spy and advertise on users. Due to these factors, web 3.0 is being emerged. here are some of the best web 3.0 crypto projects. Before going deep into Web 3.0, let us discuss the history of the web.
Web 1.0: 1990-2005
This was the first generation of the internet, and it contained only static pages. There was no interaction between the web and the users. The majority of information was coming from directories.
Web 2.0: 2005-2020
This is known as the second generation of the web and is also called the “Social Web”. The term web 2.0 was coined by Darcy Dinucci. The interactivity is seen in web 2.0 due to JavaScript, HTML 5, CSS 3, and many applications like Facebook, YouTube, Google, and Wikipedia. The data was collected from the users to serve them better to show them what they want to see. This gave rise to targeted advertising. The owners of these applications started providing free services in exchange for users’ data. Then this data was sold to the advertisers, which is how these companies grew. In this era, the user was the main product for these companies.
The Problems With Web 2.0
There were several problems with Web 2.0. Let us discuss them in detail.
Centralization:
Web 2.0 offers interactivity. The big companies give users free services in exchange for their data. These companies control the data, and the users remain no longer the owner of the data. Also, the contributions that users make are owned by these companies, and they are not paid for their contributions.
To strengthen this statement, there is an example of the Google translation algorithm that collects the previous translations uploaded by the users to give the best result without giving credit to the content creator. Coming to the main point, these companies became the owner of the internet over a period of time. They became the controlling authorities, and the user was their main product. They were using the user for their interests. The whole system became centralized, and these few companies are the real owners of the internet nowadays.
No room for competition:
These few companies control the whole internet. They have the most money and the best talent. They have all resources and most computing power. They share a big part of the web. In this situation, no new company can grow despite all the efforts.
Economic factor:
As the whole system is centralized and these siren servers are the owners, all the economic wealth goes directly into their hands. They are getting rich day after day.
Data ownership:
These big companies give free services to users in exchange for their data. The user remains no more the owner of the data. That data is used to spy, advertise, and sell to others.
Data permanence:
One of the drawbacks of web 2.0 is losing our data. Hackers could steal our data, could be deleted from the server. The user doesn’t have the surety of data permanence.
Features Of Web 3.0 technology:
The main features of web 3.0 technology are:
Decentralization in Web 3.0 technology:
The plus point of web 3.0 technology is that the community would control the whole internet. Every user would be the owner of the web. There would be no big companies, CEOs, and presidents but the user who would have all the access. Blockchain and smart contacts would power the whole internet. There would be no censorship like web 2.0. The user could post anything on the internet.
Interplanetary file system:
It is not centralized around a group of root servers like the HTTP protocol; instead, it has a peer-to-peer file system. You can create .X domains for a lifetime and can access websites, social media handles, Bitcoin addresses. These domains would be hosted on the entire network and managed by the IPFS system.
The advantages of the IPFS system are that we no longer require servers for our sites, providing serverless hosting. It is more secure and impossible to hack.
Trust:
One of the contributions of Blockchain is that it offers automated trust. Smart contracts allow trusting 100% of the system. Let us discuss this with an example. Consider the movement of goods from one place to another. The smart contract issues RFID, which reports its location when it reaches a specific point. After arriving at the desired location, the smart contract would automatically enact the payment. This diminishes the possibility of fraud.
Semantic Web:
Semantics is the study of the relationship between words. Semantic web would show search results by decoding both the meaning and the emotions by analyzing the data. This would save the users time.
Ubiquity:
The things you own like mobile devices, household devices, desktops, laptops would be linked together, and they would work together regardless of wherever you are. You can fully control them from anywhere. Internet of things (IoT) plays a significant role here.
Artificial Intelligence (AI):
Web 2.0 offers AI, but still, there is room for corrupt practices like biased reviews on the products by gathering a group of people and paying them for fake reviews. AI can detect corrupt practices and remove them from the internet. According to the user, AI can make search results more filtered and more relevant.
Closing Thoughts on Web 3.0 Technology:
The features offered by web 3.0 technology are next-level interactivity, decentralization, no censorship, data permanence, IPFS system, Ubiquity, Semantic Web, 3D Graphics, AI, and much more.