Imagine a new kind of Internet that accurately understand what you type and what you say through text, speech, or other media. An Internet where computers can parse data just like humans can. Thereby providing users with valuable content tailored to their particular needs. Then you are about to enter a new era, an evolution of the internet, named Web 3.0.
Just ten years ago, Web 2.0 gave way to its next phase, a semantic Web. Which enhances necessary Web technologies for creating, sharing, and connecting content by means of data analytics. This is powered by an ability to understand meanings in words instead of keywords or numbers.
Web 3.0 will pioneer new opportunities and open up a new frontier for Web development. Powered by Artificial Intelligence, IoT, and Blockchain technologies.
The end goal of Web 3.0 is to build websites that are smarter, more connected, and open. Myspace, Facebook, and Flickr are examples of social Web applications that developers for a new, decentralized Web will be building around using better technologies.
With Web 3.0, the data is generated from a variety of increasingly powerful computing resources, including cell phones, desktops, appliances, vehicles, and sensors. It will be sold to users via decentralized data networks, which ensures users maintain control over ownership.
What is Web 3.0?
Web 3.0 is a third-generation Internet service for websites and applications, which will be focused on using a machine-based understanding of data to enable the Data-Driven, Semantic Web with the aim to build a smarter, connected Internet.
The central idea behind Web 3.0 is an evolution toward a semantic Web that has capabilities for knowledge understanding and data.
Web 3.0 uses semantic technologies, together with machine learning and blockchain, to make user interactions more intuitive.
How Web 3.0 is different from the previous Web?
Web 3.0 adds decentralization and AI, so computers can parse data just like humans can, thereby providing users with valuable content tailored to their particular needs. While Web 2.0 was marked by centralization, surveillance, and intrusive advertising.
Web 3.0s decentralized blockchain protocols will allow individuals to link into the internet in a way they can own and get fair compensation for their time and data, overshadowing an exploitative, unfair network in which gigantic, centralized repositories are the only ones who own it and profit off it.
Unlike Web 2.0, which relies on centralized databases, Web 3.0 will be powered by blockchains to provide trusted, permissionless access.
Key technologies of Web 3.0
Web 3.0 is the latest Internet technology to leverage machine learning, AI, and blockchain for true, human-to-human communications. As a result, Web 3.0 will accelerate the equitable and transparent usage of users’ data, ranging from personalized search results to cross-platform developer tools to 3D graphics. It will provide greater transparency and faster, more customized user experiences.
Following important Web 3.0 technologies assist to specify what the third generation of the web will likely be all about:
1. Blockchain Technology
Web 3.0 Blockchains leverage principles from peer-to-peer technologies, as well as the integration of cryptography and consensus algorithms. To enable systems of scaled decentralization across a wide range of individuals.
Just as the Internet has shaped the world through its enabling of democratic access to information. Blockchain is pioneering how individuals and organizations establish new rules of commerce and trade assets on this new Web 3.0, replacing trust with a technology protocol that is both tamper-resistant and self-enforcing.
Driven by blockchain technology and operating under the new disruptive model called decentralization. Web 3.0 is making the world better by eliminating middlemen, hand-holding, and arbitrage, all while driving down costs.
2. Semantic Web
Initially called Semantic Web by the World Wide Web (WWW) inventor Tim Berners-Lee, intended to be a more self-governing, smart, and open Internet. It allows customers to explore the content based on exact purpose rather than keywords or page numbers.
It is a type of Internet that would utilize Blockchain technology for operating in decentralized networks. Such as Ethereum or Bitcoin.
Web 3.0 is an upcoming third generation of the Internet, in which websites and applications will be able to process information in a smarter, more human-like manner. By using technologies such as Machine Learning (ML), Big Data, Decentralized Ledger Technology (DLT), etc.
3. AI and Machine Learning
As Internet 3.0 uses artificial intelligence (AI) and machine learning (ML), the new version helps computers to analyze data with ease, nearly like humans.
In the semantic web, computers are capable to understand data using Artificial Intelligence and machine learning technologies.
Essentially, AI and machine learning will not only allow computers to decode meaning contained within data but will provide more personalized experiences for Web 3.0 users.
The AI-enabled web will also bring in virtual assistants, an element already emerging today either as a facet built into the device or via third-party apps.
4. 3D Graphics
3D computer graphics are based on the three-dimensional representation of geometric data kept in the computer to execute calculations and picture 2D visuals.
In Web 3.0, 3D design is widely used in websites and other services. As can be seen in the museum gallery, animation, e-Commerce, geographical scenes, games, and other places.
Several creators refer to Web 3.0 as the Spatial Web as they believe Web 3.0 aims to break the border between reality and virtuality.
Now many website developers are using 3d technology to create their websites more attractive and immersive.
5. Cryptocurrency
Cryptocurrency is a digital asset that uses cryptography to secure transactions, control the creation of new units and verify asset transfers. It is designed to operate as a medium of exchange. It is also known as virtual or digital currencies, a type of electronic money.
Cryptocurrency is decentralized and is not subject to governance or financial administration. They are usually traded on decentralized exchange platforms and can also be used to purchase goods and services.
Web 3.0 will also focus more heavily on peer-to-peer (P2P) technologies like blockchain-based cryptocurrency. End users will be in full control of their data and payment through the use of Web 3.0 offered by Blockchain technologies.
6. The Metaverse
The metaverse is a 3D virtual world that can be accessed by virtual and augmented devices like headsets. It will take you to the virtual world where you will be present as an Avatar.
Web 3.0 plays important role in the development of the Metaverse. Both are inseparable from each other as no single entity has control over the data and assets of its users.
7. Smart Contracts
A smart contract is a computerized transaction protocol that implements contract conditions between buyer-seller agreements into the line of codes. The contents of the agreement as well as the code are transmitted throughout a decentralized blockchain network.
Smart contracts eradicate the requirement for a central authority, legal system, or external enforcement agency to carry out trustworthy and reliable transactions and agreements between distant, anonymous participants. These transactions are trackable and irreversible.
Conclusion
As Internet 3.0 uses artificial intelligence (AI) and machine learning (ML), the new version helps computers to analyze data with ease nearly like humans.
In the semantic web, computers are capable to understand data using Artificial Intelligence and machine learning technologies.
Essentially, AI and machine learning will not only allow computers to decode meaning contained within data but will provide more personalized experiences for Web 3.0 users.
Web 3.0 is designed to integrate features from its predecessors, while also modernizing them, by allowing users to read, write, as well as run data.
As Web 3.0 will come from a natural evolution of the older-generation tools on the web combined with cutting-edge technologies. Such as AI and blockchain, interconnectivity among users, and increased use of the internet. It will become the next major development frontier of the Internet.
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