The Ultimate Guide to Web 3.0 – Why You Should Know about It

You've probably heard about Web 3.0 and how it's going to change the internet. You may have seen an infographic demonstrating how Web 3.0 operates and its revolutionary features. At the very least, you should have seen a brief video describing how Web 3.0 will forever alter the world as we know it.

You're missing out if you haven't done any of the following and don't know what Web 3.0 is.

It's as if you have no idea what Google was in 1999, or what Facebook was in 2004, or what Bitcoin was in 2010.

Try this quick exercise to acquire a better understanding of how Web 3.0 will affect our future:

Consider how different your life would be now if you had purchased Google stock when the company was still in its infancy and people still used Yahoo! and AskJeeves as search engines. What if you had purchased Bitcoins at a time when a token was only worth a few dollars?

Web 3.0, like all of the other significant milestones in the internet's history, is a cornerstone that you must be aware of from the start. If you don't, you'll miss out on some incredible chances in the future.

The difference with Web 3.0 is that we aren't discussing search engines, social media platforms, or cryptocurrency. We're talking about a ubiquitous, trustless peer-to-peer network that will incorporate all of these capabilities as well as technological advancements that we can't even imagine right now.

Welcome to the Web 3.0 Ultimate Guide!

Let's take a look back at the early days of the internet before we start looking forward to what the future may hold for us.

Web 1.0 was the start of it all.

Younger generations find it difficult to envision the internet without Google, Facebook, or Instagram Stories. However, there was a Classical Internet Age that ran from the mid-1990s through the early 2000s.

People used to refer to the internet by its original names, "The World Wide Web" or "the Net." Users couldn't yet exchange images of their lunch or blog about conspiracy theories about the flat Earth. Instead, corporations, media, and institutions published the majority of the information.

It was the Web 1.0 era, and instead of using Google, people relied on AltaVista, Netscape, or “asked Jeeves” for hilarious cat pictures. Because users couldn't post material or leave comments, most websites were in "read-only" mode.

There was no such thing as video streaming back then. To “talk online,” people would throng into AOL chat rooms. A single song takes an entire day to download. When using dial-up to connect to the internet, you had to remove your landline phone. Mobile phones, on the other hand, did not exist. You had to communicate with others face to face and without the use of emoticons. I assure you, kids, it was horrible!

When Web 2.0 became caring, it also became a breach of privacy.

The internet was at a critical juncture in its development in the early 2000s. It may either remain a one-way, dull library or evolve into an incredible creation that brings people from all over the world together. Thankfully, it chose the second option.

People might finally have an immersive experience on "the Net" with the introduction of social media. YouTube became a go-to resource for anything since you could now upload and broadcast video content, and Google became a go-to resource for everything. Yes, kids, you can do anything!

We had already forgotten about chirping dial-up connections when the first decade of the third millennium came to a close. “Sharing” has become a worldwide phenomenon. Multiplayer online gaming allows individuals from all around the world to interact. Facebook allowed you to stalk your crush, while Instagram allowed you to post amusing cat images from your phone. It was the icing on the cake, kids!

Is it really necessary to have a Web 3.0?

Yes, as soon as possible!

Yes, but we need more than a new way of browsing the Internet, which Web 2.0 tends to repackage on a regular basis.

Decentralizing the internet into a distributed system of computers communicating directly, safely, and equally responsible, as its founder, Tim Berners-Lee, envisaged, is becoming increasingly popular.

We were shocked to learn in the mid-2010s that while we were blindly sharing material on the Internet, big businesses and political bodies were using social media to trade our personal information for large sums of money. Before the Cambridge Analytica scandal ever broke, a multibillion-dollar business had sprung up around collecting and selling users' personal data.

Internet consumers recognised they had given up control of their personal data in return for quick access to a massive network of social media outlets, online commerce, and entertainment services.

Google, Facebook, Twitter, and Amazon, for example, can now utilise our identifying information, engine searches, browsing patterns, and purchase information to influence our online and offline behaviour. It's turned into a real-life Black Mirror episode!

In a Nutshell: Web 3.0

The Web 3.0 revolution has arrived as a result of the degradation of the Web 2.0 democracy.

Web 3.0 is a new milestone in the growth of the internet that puts the control pad back in the hands of the consumers. New technologies like blockchain, which enable the internet to function as a peer-to-peer (P2P), trustless system, make the difference.

Users can engage in P2P transactions, construct global scale projects, and build entire industries while maintaining total control of their personal privacy, thanks to breakthroughs in consensus protocols made possible by Bitcoin, Ethereum, and other blockchain-based applications.

Big data firms and multinational organisations should no longer exchange personal information or monopolise power and information sources in web 3.0.

Sounds enthralling! What will Web 3.0 entail?

If you've just made an online purchase, you've probably received recommendations for comparable products to the ones you paid for, which other customers have also purchased. In this case, the website learns from user activity and then makes recommendations to them.

Similar learning methods for webpages and applications will be incorporated into Web 3.0 in a more advanced manner. Simply said, the internet will figure out who you are based on your online behaviour and will reward you with content recommendations tailored to your interests, searches, and actions.

One of the key differences between Web 3.0 and its earlier, less secure brother, Web 2.0, will be the widespread adoption of trustless P2P frameworks. This component will expand to incorporate practically all of the current uses of the internet. Consider the following scenario:

We could use Storj, Siacoin, Filecoin, or IPFS instead of Google Drive or Dropbox to store, distribute, and share files.

Instead of using Whatsapp, Zoom, or Skype, we may use services like Status.

Facebook and Twitter appear to be everlasting at the moment, but only for a short time. We might be utilising new social media platforms such as Steemit, Hive, or Akasha.

Even Google Chrome's global dominance may be challenged by browsers such as Brave, which offers a higher level of security when it comes to storing cookies and permitting adverts.

All of these prospective alternatives to current services will provide users more control over their data. They will also improve security procedures and anonymity, as well as prohibit large IT businesses from having complete control over the availability of specific information or services.

The Benefits and Properties of Web 3.0

Here is a list of Web 3.0's ground-breaking qualities to help you better grasp how it will work and how you will benefit from it!

Decentralization will be a feature of Web 3.0.

There will be no central authorities controlling the internet in Web 3.0. Governments and other political entities will not be able to turn off access to the Internet. This network paradigm is the Ethereum blockchain, which works as a trust less system with unbreakable encryption for user data.

Ownership of data

Large firms such as Amazon, Facebook, and Google will no longer need their factory-size servers to hold user data once Web 3.0 becomes a reality. Instead, internet users will have complete control over their data, including financial information, login information, and even their favourite amusing cat images.

Metadata with semantics

Semantic metadata will be one of the most essential aspects of Web 3.0. This method will allow the web to comprehend the meaning of symbols, keywords, and messages.

The network, for example, will detect the classic "smiley" emoji, which is made up of two dots followed by an arc. It will, however, recognise that it represents a human smile, a gesture of delight and acceptance.

This is just one example, but semantic data on the web will make communication, transactions, and information exchange between entities much easier. The notion is based on Berners-original Lee's concept for the internet. He envisioned a world devoid of bureaucracy in which intelligent machines perform the most time-consuming activities and duties in people's life.

AI stands for artificial intelligence.

Artificial Intelligence (AI) is not a new concept that will be introduced in Web 3.0. Its existence in Web 2.0 apps is already well known.

However, in Web 3.0, AI will have such a fast learning mechanism that it will be hard to deny its existence. Artificial intelligence will be able to quickly distinguish between good and poor data, between actual individuals and bots, and, most crucially, between fake news and real reporting.

Protocols with high levels of security

All data on Web 3.0 will be decentralised and distributed across the network. It means that internet service providers will no longer exchange data on their users with the countries in which they operate.

To carry out an attack, hackers will have to shut down the entire network. High-security methods will encrypt and secure the data of the users. The idea is based on cryptocurrency blockchains, which allow traders to conduct financial transactions while maintaining complete control over their data.

Interoperability

Most programmes are currently OS-specific. Some apps are only available for Android devices, while others are only available for Apple devices. The same is true for Microsoft Windows software, MAC software, and so on.

When it comes to devices and operating systems, Web 3.0 applications will be device and operating system neutral. The same programme should function on an iPhone, a smart TV, and any other device that has smart sensors, such as automobile computers.

Networks with no permissions

The internet appears to be a relatively free and accessible product at the moment. However, Web 2.0 is restricted in many parts of the world due to governmental restrictions as well as other factors such as wealth, gender, and even ethnicity.

Web 3.0 will be accessible to everyone, anywhere, thanks to the network's permission less blockchains. Regardless of the geographical location of the users involved in the trade, cross-border transactions and wealth transfers will be feasible.

Service that isn't interrupted

Data will be stored on several distributed nodes in Web 3.0. This approach will ensure that there are always enough backup nodes to keep the chain running and prevent server failure. Simply put, catastrophic server destruction will never bring the internet down.

Virtual 3D Personas

Web 3.0 will usher in new forms of virtual connection and communication. It's possible that chatting, emailing, and video calls are still available. Users may, however, have access to web-based 3D identities that represent them. Like online gaming characters, these virtual avatars will be our representatives in corporate transactions, work collaborations, and dating apps.

Omnipresence

When Web 1.0 was released, the internet could only be accessed from afar, such as your personal computer or a machine in an internet cafe.

The internet became available on smartphones, tablets, and other smart, portable devices with the introduction of Web 2.0.

Web 3.0 will be omnipresent once it is accessible. Its application will encroach on every part of your life. It will be available on a much larger number of devices than it is now. It will evolve into what it was designed to be in the first place: an intangible web of data, communication protocols, and transaction processes that will coexist with us everywhere on the world.

What are the Web 3.0 Development Challenges?

Web 3.0, like any new technology, is not as simple to implement as it is now, at least not at first. The following are some of Web 3.0's issues and drawbacks:

Misconduct by humans

Web 3.0 appears to be a watershed moment in technological development. Its publication will almost certainly mark a turning point in our relationship with the internet.

However, we must keep in mind that those with bad intents will continue to exist. Malicious individuals may purposefully spread incorrect or misleading information on the internet, creating the ideal environment for online criminal activity. To reduce the frequency of hack attacks, cryptography and artificial intelligence learning methods will need to evolve and update quickly.

The vastness of Web 2.0

The promise of a fully semantic web may take some time to materialise. There are already about 1.5 billion webpages on Web 2.0. It could take a long time for the AI to go through all of this data and connect the dots between human intentions, interactions, and behaviours.

Adoption is taking its time.

Finally, Web 3.0 will not be a sensation for everyone overnight. Web 1.0 took almost a decade to gain global appeal, as more experienced internet users will recall. When Web 2.0 arrived, it brought smart technology and social media, but consumers were still figuring out how to use chat rooms and email.

Many businesses will take their time transitioning from a centralised network to a decentralised network. Many devices will become obsolete, but their users will be unable to make the transition to Web 3.0 immediately. As a result, Web 2.0 and Web 3.0 will coexist for the time being.

Finally, when will Web 3.0 be available?

Web 3.0 will gradually take over the reins of the internet, much as Web 2.0 did from Web 1.0 through a series of interconnected developments.

The new evolutionary stride in internet technology will not have a set release date. With the introduction of Bitcoin and blockchain technology, trustless P2P networks, DApps, AI technologies, and so on, that transition has already begun. Web 3.0 is on the verge of becoming a revolution!

sam parkin