The Web world has seen great change over the past three decades. A lot has happened since the early days of Web 1.0, when the internet was essentially a medium for text-based information exchange. And now, when Web 3.0 appears, it has created a new wave. Many people often say that this is the future of the Internet. So what is Web 3.0 exactly? Let’s find out through the article below.
I. What is Web 3.0?
1. Web 1.0
In the mid-1990s, the advent of web browsers like Netscape Navigator ushered in the Web 1.0 era. This early version of the Internet was called the “static web”. It is a read-only website and lacks many interactive features.
2. Web 2.0
Web 2.0 refers to a paradigm shift in the way the Internet is used. The great innovation in this era is the emergence of social networks (Facebook, Youtube, …) and smartphones (Iphone).
3. Web 3.0
Web 3.0 is a new breakthrough in the development of the Internet. It will use AI, machine learning and B to provide users with smart applications.
Web3 is the next evolution of the Internet – Image: viccrypto.com
If web 1.0 is read-only web, web 2.0 is read-write web, then web 3.0 is read-write-interactive web. People can read, write, and interact with content, including 3D graphics, on websites and apps.
II. Main characteristics
- Semantic web:
The content of the web is displayed based on the effective analysis of the meaning of words
- Decentralized:
Information can be simultaneously stored in multiple locations. This makes it decentralized. So information will be found based on its content instead of a single location
- Connectivity and Dissemination:
Information and content are more connected and more common. They are accessed by many applications and increasingly devices are connected to the internet
- Artificial intelligence (AI) and machine learning:
Web 3.0 will allow computers to understand information similar to humans. Web3 will also use machine learning – a branch of AI that uses data and algorithms to mimic human learning, gradually improving its accuracy
Main characteristics of Web3 – Image: bbva.ch
III. What are the Advantages and Disadvantages of Web3?
1. Advantages
- Anyone, including users and vendors, can participate without the permission of any controlling organization.
- In Web3, you can search for information more efficiently, and the Semantic Web will help better connect data online
- Data will be stored on distributed nodes. Therefore, the service will not be interrupted due to technical or any other reason
- Provide a more personalized surfing experience
- Web 3.0 will help sellers market their products better. Buyers will find more useful and relevant ads
Outstanding advantages of Web3 – Image: 101blockchains.com
2. Disadvantages
- Since web3 is a new technology, it can be quite complicated to understand for a beginner
- According to some experts, decentralization can make it more difficult to monitor and manage Web 3.0. This can lead to an increase in cybercrime
- The cost to develop a project is quite expensive
- Web3 will require a faster CPU, users will need a device with above-average specs
- As Web3 becomes popular, pressure will come on businesses to upgrade existing websites
Disadvantages of Web3 – Image: plantconcepts.com
IV. The Potential of Web 3.0
It is undeniable that the birth of Web3 will create new breakthroughs. Although still under development, some prominent examples of Web 3.0 are NFT, decentralized finance (DeFi) network, Metaverse, etc.
Crypto market is the first mined application from web 3.0 and in the future there will be many breakthroughs. Besides, web3 is expected to open up many new business models.
Conclusion
In summary, the above is an overview of Web 3.0 information. Hope this article can help you decipher “What is Web 3.0?”. Although it still has limitations, all are being gradually overcome. Web3 is only in its early stages and there are still plenty of opportunities open to a future “new era of the Internet”.
