The blockchain industry welcomed a lot of new emerging technologies in 2021, and 2022 appears to be the year of more recent technologies. If you are a blockchain enthusiast or have even read about the developments in the technology sector, you must have heard of WEB 3.0. WEB 3.0 is the “third generation of the internet”, with decentralization at its core. Decentralized architecture is where WEB 3.0 and blockchain cross each other’s paths. The Internet that we use today is a result of years of evolution and refinement. Web 2.0 is the second generation of the Internet.
Source: https://www.informatique-mania.com/en/linternet/web-3-0-vs-web-2-0-principales-differencesslug/
The version of the Internet that we use at present is WEB 2.0. It allows users to access data online and publish their data on the web. Internet reaches us through several entry points and stakeholders, including Internet Service Providers and web browsers. The transition from Web 1.0 to Web 2.0 didn’t involve any significant changes from a technological perspective. The focus was on changing the appearance and user interface of the Internet to encourage broader participation.
Characteristics of Web 2.0
To understand the difference between Web 2.0 and Web 3.0, one needs to understand the characteristics of both versions. Here are some of the major characteristics of Web 2.0:
Users get free access to information. Data can be filtered, retrieved, or categorized for free.
Dynamic content is the key difference between Web 1.0 and Web 2.0
The introduction of Web 2.0 made it possible for users to access the Internet from different devices, including mobile phones and television sets
The other name for Web 2.0 is the participatory social web. It means that users can create and share responsive content
Now that the goal of wider participation has been largely achieved, it’s time to look toward technological advancements. This is where Web 3.0 kicks in.
What Is Web 3.0?
Web 3.0 is already being referred to as the biggest revolution in technology in this decade. Decentralization and an efficient metadata system are at the core of Web 3.0. Web 3.0 will be more beneficial for the users, and that’s the single biggest factor that differentiates it from Web 2.0. What Web 3.0 does is eliminate the necessity for centralized middlemen by introducing the concept of data homogeneity. In simple terms, users get complete control over their data and decide what to share and whatnot.
Also referred to as the semantic web by tech experts, Web 3.0 is set to bring significant improvements in terms of infrastructure. These improvements will be fueled by blockchain technology.
Characteristics of Web 3.0
Web 3.0 will use AI to provide refined results at a faster pace
Users can capitalize on the potential of 3D visuals and graphics on Web 3.0
Web 3.0 introduces Semantic Web Functionality. It means that Web 3.0 could be empowered to understand the meaning of words, making it possible for humans as well as the machine to analyze the data
Improved security and privacy
Enhance security for user identity. Leveraging distributed ledger technologies to deploy advanced authorization and encryption mechanisms for better security.
Source: https://www.insights.sygnum.com/post/introduction-to-web-3-0
Now that we have the characteristics of both Web 2.0 and 3.0, it is easier to compare the two and chart out the key differences.
The Comparison
The key difference between Web 2.0 and Web 3.0 is not in the outlook but in the performance and architecture. While Web 2.0 was aimed at increased participation and better user interaction, Web 3.0 is aimed at enhanced security, decentralization, and improved architecture. The goal is no longer limited to connecting people globally. Web 3.0 seeks to create a decentralized pool of knowledge by capitalizing on the potential of 3D visuals and graphics and leveraging ground-breaking technologies like blockchain and AI.
Empowering users is one of the key motives behind the introduction of Web 3.0, and this is being done by improving privacy and user identity. Web 3.0 will put users in control of their data. Data ownership is another massive addition to the existing architecture as we move to Web 3.0. Unlike Web 2.0, the data won’t be owned by the network in Web 3.0. In Web 3.0, the data is owned by the users, and an individual is empowered to share the data owned by them across the network.
Clearly, Web 3.0 is way ahead of Web 2.0 when it comes to advantages. The integrated games that we see today are all examples of Web 3.0. It truly is a revolution. What are your thoughts on Web 3.0?
How Web 3.0 Will Change The Way We Use The Internet
In the current system, a user literally has no control over what happens with the data they share on the internet. Once you post something on the web, you can’t control who has access to it. Web 3.0 is going to change all of this, but how?
We live in a world where companies collect huge amounts of data from their users on a daily basis. Most of the users are unaware of the true value of their data and how it can be misused. Web 3.0 will not only protect their data from getting misused but will also pave the path for a world where users are aware of the true value of their data.
Web 3.0 will create a world where users have full control over their data- meaning it is not owned by a single entity, and users can see who has what kind of access to their data. Blockchain is the driving force behind the technology. If you have read even a little about the third generation of the internet, you must have come across the term “decentralized” multiple times. It is because blockchain is a decentralized technology. When such a technology powers Web 3.0, it is evident that no single group or entity will enjoy full control over the internet.
Secondly, in an arrangement where data is stored in a blockchain, there is a huge possibility of some kind of incentive for all those who maintain the ledger and power the network. This might lead to individuals monetizing their data for some benefit.
Also, the use of blockchain guarantees complete transparency. This means users will have the power to decide how their data will be used. When a company decides to share the data with a third party, users will be informed in advance. Of course, all this is subject to proper implementation of the technology.
Source: https://www.researchgate.net/figure/Web-30-Tools-Services_fig1_272863519
The control over data is not limited to transparency. If a user is not satisfied with the way their data is being used by a party, they will have to power to revoke the access rights or modify the type of access.
Protection from hacking: Anyone who has been in the tech field for a few years can tell that nothing is hack-proof. But blockchain technology is clearly the most secure technology out there. The secure framework of the technology is the reason behind its mass adoption. With data being stored in a blockchain, users can be assured of the complete security of their data. Organizations like the US Department of Health are already using blockchain.
Startups like Polygon, Vauld, Persistence and EPNS are building decentralized networks using the Web 3.0 concept.
Social news platform Sapien, decentralized reward platform Steemit and social platform Sola are some of the blockchain-powered Web 3.0 websites.
According to a report titled “Web 3.0 Blockchain Market information by Blockchain Type, by Vertical, by Application and Region – forecast to 2030” by Market Research Future, the Web 3.0 market is expected to rise exponentially by 2030. Most of these applications are powered by blockchain technology. Web 3.0 is one of the biggest revelations in the crypto field.
Web 3.0 tokens have the potential to transform the web. The easiest way to surf Web 3.0 is using MetaMask. From next-generation social media platforms to decentralized exchanges, everything can be accessed using MetaMask Mobile’s browser. With the emergence of the concept, the role of Metamask is no longer limited to accessing blockchain apps and buying and selling crypto. Metamask can be used to buy and sell new Web 3.0 tokens.
With the rise of the concept and the increasing popularity of Web 3 applications, Web 3 tokens are expected to witness a huge rally in the coming months.
Are you a Web 3.0 startup looking for a headstart? We at Zuvomo can help you with the launch as well as the growth of the startup by deploying best industry practices. We have a team of seasoned experts from across the world. Working with some of the leading companies in the crypto space has helped us understand the critical aspects of the industry. We deploy proven industry practices to help our clients with brand building, brand management, marketing, fundraising, token listing, and other vital operations. Our expertise in the field is backed by years of experience across industries.