- January 13, 2023
- Posted by: Admin
- Category: Technology
From Web1, the first edition of the Internet, which had static visuals and images, through Web3, the most recent iteration, technology has advanced quickly.
As the Web 3.0 age begins, value and data will effortlessly migrate across decentralized platforms with distributed ownership and control. But what other features does Web 3.0 offer? What sets it apart from Web3?
The Internet, a global network of networks connecting computers, first appeared in 1969 and from then it has experienced several technological and infrastructure evolution to become what it is today.
Over time, the Internet’s original use was a tool for information sharing, and now has gone far beyond that and has grown to play a crucial role in our daily lives
Our lives have undergone bigger changes as a result of Tim Berners-creation Lee’s of the World Wide Web.
The Web, often known as the World Wide Web, is a network of websites created on top of the Internet. Users can access the material on these websites in the form of text pages, digital photos, videos, audio, and other formats from anywhere in the world. The World Wide Web was created in 1989. As the internet is headed towards its third generation with a zillion technological revolution, most of us are puzzled to understand the difference between Web3 and Web3.0.
Even though most talks about the third generation of the web indicate that web3 and Web 3.0 are the same, the reality is both are fundamentally distinct. Would like to know how?
Then be the blog that reveals how Web3 and Web3.0 differ from each other with features, concepts, and other stuff
Let’s understand the history of the Web
The Web’s Evolution( Web1.0, Web 2.0, and Web3.0)
Table of Contents
The World Wide Web is the major tool that billions of people use day to day to exchange, read, and write information and communicate with others over the internet.
Since its inception, the World Wide Web has achieved a massive shift in terms of various phases.
Web 1.0, also known as Syntactic web or read-only web, is the era (1990-2000) in which a user’s involvement is confined to reading the information provided by content producers. There is no option for the user or consumer to communicate back to the content producers. Static websites and personal websites are examples of Web 1.0.
However, the majority of static pages housed on web servers run by ISPS or free web hosting companies were people’s very popular personal websites. It is interesting to note that users were paid for every page they saw, even directories that let them search for specific information.
In general, Web 1.0 was a content delivery network (CDN) that permitted the presentation of information on websites where visitors passively read things without having the option to offer reviews, comments, or other sorts of feedback.
The Web 2.0 period, also known as the Social Web or read-write web, ran from 2000 to 2010 and continues now. It is characterized by websites that enable user-to-user communication.
With the number of users growing to billions and the use cases of Web 2.0 expanding beyond simple communication and information gathering to include e-commerce and more, user-generated content production developed concurrently. Consequently, web 2.0 evolved into “web as a platform,” on which software programs started to be created.
Web 3.0, also known as Semantic Web or read-write-execute, is the age (2010 and beyond) that alludes to the future of the web. Through Artificial Intelligence and Machine Learning, computers can now analyze information like humans. Which aids in the intelligent generation and distribution of valuable content according to a user’s specific needs.
What if computers could understand the meaning of underlying data?
What if they can figure out “what we’re interested in” and then assist us to find it?
It can recognize people, places, events, businesses, products, and movies, among other things.
It is capable of comprehending the relationship between objects.
Apple’s Siri, Google’s Cloud API, and Wolfram Alpha are instances of Web 3.0.
There are information silos on the modern Internet. Because they are not linked, the information you post on LinkedIn will not be automatically updated on Facebook or Twitter.
Berners-Lee sought to connect all information by linking websites and making them interoperable so that no one would ever have to upload their information independently on multiple internet platforms.
From the above discussion, it is clear that, while people often confuse Web 3.0 and web3, they are not the same. Let us now move on to comprehend the concept of web3.
What is Web3?
Web3 is a catch-all word for the idea of a better internet. Web3 is a platform that uses blockchains, cryptocurrencies, and NFTs to give consumers control of their data. Web3 is not interested in developing a similar web of hyperlinked materials, but rather in resolving concerns of digital and physical asset ownership. Over “HTTP/HTTPS,” the client/server model of the Web has been employed, whereas “Web3,” as it is planned, uses a decentralized model based on blockchain-based protocols.
Web3 is a proposal for an alternative to the internet, not an evolution of the internet. Gavin Wood, the co-founder of Ethereum, founded Web3 in 2014. Its primary goal is to counteract the centralized dominance of some Web2 behemoths like Amazon and Google.
What does this indicate?
The drawback of the Web 2.0 philosophy is that only a selected few platforms have access to user data and can alter it in ways that aren’t necessarily morally or democratically acceptable.
How is this problem resolved?
Web3 will resolve Web 2.0’s problems with data ownership and give consumers back control over their data using blockchain technology, decentralized storage, and self-sovereign identities. They are in charge of determining who can access their information and who they are.
It’s a technology, in a nutshell, that records data on a timeline that is virtually impossible to change or deceive. Over a network of computers, each transaction is synced.
How Does it Work?
Users save all of their data and identities in a Bitcoin wallet like TrustWallet, Venly, or MetaMask. They can communicate with other blockchain apps and control who has access to their data. A crypto wallet login is similar to a Facebook account, except that you have complete control over all of your data.
What are the advantages of Web3?
The main benefit or value of Web3 for users is its decentralized nature. The next iteration of the internet will not reward centralized networks. Fairness and reliability come from a democratic environment where publicly distributed ledgers make expenditures more transparent. As a result, corporate corruption will eventually decline.
Undoubtedly, Web3 has the potential to enhance business and governmental processes. But given the magnitude of the change, it will almost definitely draw criticism.
While decentralization is one of Web3’s most significant advantages, there are also the following advantages:
Security and privacy will take precedence over monitoring and control in Web 3.0. Data will be completely in the users’ hands. They can choose to divulge or withhold the information.
Additionally, it is safer than previous internet iterations because of blockchain technology and its autonomous structure.
Hackers will attempt extremely difficult network exploits, and even if they succeed, their actions will be recorded. Hacks are still possible in a decentralized system, even if most blockchains have established safeguards against this happening.
Access to services is universal, several apps can share data, and every device is connected to the internet.
The Semantic Web is the next stage in the development of the Internet. The overall user experience of web-based platforms is improved by the semantic web. Users can build online data repositories, define vocabularies, and implement data processing rules using semantic technologies. RDF, OWL, SKOS, and SPARQL are the technologies used to enable linked data.
Due to semantic content, connection data is closely related to Web 3.0 and contributes to a higher level of connectivity that can access all available data and an enhanced user experience.
What role does Web3 play?
It makes you the owner.
You can distinctively govern your digital assets using Web3. Consider the situation where you are playing a Web 2.0 video game. Any in-game purchases made with your account will be lost if your account is deleted by the game’s developers. Additionally, if you stop playing the game, all of the value you have invested in your in-game things is lost.
Web3 enables direct ownership using non-fungible tokens, and nobody—not even the game’s developers—can transfer your ownership. If you stop playing, you can also exchange or sell your in-game goods on the open market to get your money back.
Decentralized autonomous organizations (DAOs)
You can use Web3 to control your data and join a group that uses tokens to control the platform. These tokens serve as stock in a corporation, and DAOs let you manage the decentralized ownership and decide on the direction of a platform.
DAOs are smart contracts that are accepted and automate decentralized decision-making over a pool of resources (tokens). By letting users vote on how resources are allocated, the code implements the voting results.
Users frequently refer to Web3 communities as DAOs. Each community has a varying degree of decentralization and automation via code.
Generally, you would register for an account on each platform you use. You might have accounts on Twitter, YouTube, and Reddit. Changes to your display name or profile photo must be made across all of your funds. Social sign-ins are helpful in some situations, but filtering is a challenge. These platforms can rapidly log you out of your entire online presence.
To open an account, you will have to provide them with your personal information.
By letting you manage your digital identity through an Ethereum address or ENS profile, Web3 addresses these problems. A single login across safe, censorship-resistant, and anonymous services is offered by using an Ethereum address.
People who don’t have bank accounts or reside in the wrong nation are not included in Web 2.0’s payment infrastructure because it depends on banks and payment processing businesses. With Web3, money transfers may be made straight from the browser using tokens like ETH without the help of any reliable intermediaries.
Difference between Web3 and Web 3.0
By reusing and linking data across websites, the semantic web, also known as Web 3.0, focuses on efficiency and intelligence. However, by giving individuals back control over their data and identities, the decentralized web, or web3, places a significant focus on security and empowerment.
Users may control how third parties can access their data thanks to the semantic web, which stores all user data in a single location known as the solid pod. Users that utilize Solid Pods receive a special WebID that serves as their identification within the ecosystem. Users can keep their information in a cryptocurrency wallet on web3’s blockchain and access it using their private keys.
They both employ various technologies to carry out their data security objectives. Web 3.0 leverages RDF, SPARQL, OWL, and SKOS for data interchange, whereas Web 3.0 makes use of blockchain technology.
Since data in web3 is dispersed across several nodes, it is challenging to modify or remove; nevertheless, data in web3.0 is simple to change. Furthermore, access to the data of assets that are maintained on a blockchain is made possible by the keys kept in cryptocurrency wallets as opposed to the centralized storage of data in the solid pod.
|Decentralized, Peer to peer
|Connection to the world wide web
|Alternative to the world wide web
|Continuation of the world wide web
|Eliminating intermediaries. Examples include directly connecting content creators with content consumers, eliminating the need for a third party in transactions, and so forth.
|Continue web progression, such as transitioning to a semantic internet to make web content machine-readable.
Similarities between Web 3 and Web3.0
There is a significant difference between the concepts and methodology of web3 and Web 3.0, despite the names being similar. They have a common objective, nevertheless. Maintaining user control over their data is a key component of both web3.0 and web3.0, which both aim to improve the Internet. The methodology used to accomplish this goal is where the fundamental distinction lies. Web3 uses decentralized technology to store data in a solid pod, as opposed to the semantic web’s solid pod.
It is important to remember that web3 and Web 3.0 are both still being built (in their nascent stage). Even though several web 3.0 and 3.0 experiments are in progress, they have not yet been fully deployed.
Lemuel Park, co-founder, and CTO of Foster City is one of the many individuals worldwide who believe that web3 and 3.0 are interchangeable terms. They believe that a combination of crucial Web 3.0 components, such as machine readability, and web3 components, such as blockchain or the metaverse, will define the web’s future.
Despite appearing sensible, the semantic web idea never became widely accepted. The advantages of decentralization, digital assets, smart contracts, open-source platforms, etc. have brought Web3 to the forefront, on the other hand. Web3 appears to be the trend of the moment, with the potential to completely transform every part of our lives and an increasing number of real-world applications.