Web3.0 gains traction, thanks to data security

By TP Sharafudheen

The internet is entering its third generation of evolution. Looking back, from 1991 to 2004, most websites were static pages, and the vast majority of users were content consumers rather than producers.

Web 1.0 was the name given to the first version of the internet. Consider Web 1.0 to be the read-only or Syntactic web, in which the majority of participants were content consumers and the makers were primarily web developers who built websites with content delivered primarily in text or graphic format.

The second generation is centered on user-created content uploaded to forums, social media and networking services, blogs, and wikis, among other services, and is based on the concept of “the web as platform.”

Web technologies like HTML5, CSS3, and JavaScript frameworks like Reacts, AngularJs, VueJs, and others enable businesses to create new ideas that allow users to contribute more to the Social Web.

Most of us have only seen the web in its current form, often referred to as Web 2.0, which is also known as the interactive read-write and social web, in which we can create, think, and share our thoughts with the rest of the world.

Now, as soon as a company releases an app, it enrolls as many users as it can and subsequently makes money from their usage.

The user experience frequently becomes incredibly smooth, especially as the app’s popularity grows. Web 2.0 applications include YouTube, Facebook, Flickr, Instagram, Twitter, and other social media platforms.

The utilization and centralization of user data are critical to the operation of the web as we know and use it today. More data means more targeted ads for many Web 2.0 companies, including Google, Facebook, and Twitter.

As a result, data breaches are becoming more common in Web 2.0 applications. In Web 2.0, you have no control over your data or how it is stored. In reality, businesses frequently track and save user data without their knowledge or consent.

In this context, Web 3.0 is an idea for a new iteration of the World Wide Web that incorporates concepts such as decentralization, in the form of a distributed ledger such as blockchain technologies, and token-based economics. This will increase data security, scalability, and privacy for users while combating the influence of large technology companies. Moreover, Web 3.0 ensures that user privacy is better protected technically.

The transition from Web 2.0 to 3.0 is taking place slowly and unnoticed by the general public. Web 3.0 applications have the same look and feel as 2.0 applications, but the back-end, such as the Semantic web, is fundamentally different. The main idea is to create a knowledge spiderweb across the internet to help people understand the meaning of words and to generate, share, and connect content through search and analysis. Because of semantic metadata, Web 3.0 will enable more data communication. As a result, the user experience advances to a new level of connectivity that leverages all available data.

3D graphics will be used in the content – Web 3.0 will change the internet’s future by transitioning from a two-dimensional web to a more realistic three-dimensional cyberworld. E-commerce, online games, and the real estate market all make extensive use of three-dimensional design on Web 3.0 websites and services.

As for technology, it will be powered by AI – Artificial intelligence will enable websites to filter and present the most relevant information to users. Organizations have begun to solicit customer feedback in the current Web 2.0 era to better understand the quality of a product or asset. And it will be ubiquitous in the second generation of the internet.

Decentralized finance, also known as DeFi, is a growing component of Web 3.0 – It entails carrying out real-world financial transactions on the blockchain without the assistance of banks or governments.

When it comes to Web 3.0, cryptocurrency is frequently mentioned – This is because many Web 3.0 protocols rely heavily on cryptocurrencies. Instead, it offers a monetary incentive (tokens) to anyone who wishes to help create, govern, contribute to, or improve one of the projects. Web 3.0 tokens are digital assets associated with the vision of a decentralized Internet.

These protocols may offer a variety of services, including computation, bandwidth, storage, identification, hosting, and other online services previously provided by cloud providers.