What Is Web 3.0 And Why does It Matter?

What is Web 3.0 give an example.


Web3: The Internet has transformed the world; its impact is far-reaching. Over the past two decades, the Internet has become a powerful social platform that allows people to communicate, conduct business and learn new things. The next stage in the Internet’s evolution— dubbed web 3.0— promises even more user convenience, security, and accessibility as we continue to navigate this digital universe.

Web 3.0 is a term used to describe a paradigm shift in the Internet and the way we access it. As this new stage of web evolution approaches, computers are increasingly incorporating artificial intelligence and human brain functionality to perform tasks faster and more efficiently. 

What Is Web 3.0, with example and Why It Matters?
What Is Web 3.0, with example and Why It Matters?


Through this combination of technology and human intelligence, we can create apps, send messages, make payments, travel, learn languages and fight cybercrime using just our smart devices. A lot of research is going into making this shift possible by merging humans with technology through biometric identification or by harvesting brainwaves from users for data processing. 

However you look at it, web 3.0 will bring about tremendous change in how we interact with technology both at home and at work.

Web 3.0 exploits the human mind and natural tendencies to solve problems. To do that effectively, we must understand how people think so that we can leverage their natural inclinations for our gain. People are naturally curious; curiosity fuels our minds’ innate desire to seek knowledge and create things

This curiosity can be exploited by designating specific areas of interest that can be accessed through various apps on web 3.0 through a user’s smart device or computer browser via web platforms such as Google Plus or Facebook’s new social platform called Facebook Basics (FB). 

Once an interest has been identified, users can access content relevant to their interests via appropriate apps and websites on their devices or computers via web browsers such as Google Chrome or Mozilla Firefox. We can overcome challenges by leveraging our innate thought processes while designating appropriate thought processes for achieving our goals

The Internet has transformed businesses across every industry by making it easy for people to start their ventures without special expertise or capital needed for equipment and software acquisition. In turn, this has led to tremendous growth in economies around the world as anyone with a smart device can start a business without owning any specialized hardware or software required for start-up operations.

The next stage in the Internet’s evolution— dubbed web 3.0— promises even more user convenience, security, and accessibility as we continue to navigate this digital universe.

Advantages of Web 3.0

1. Security

Web 3.0 is secure, decentralized, and trustless. It is built upon blockchain technology, which means that data cannot be altered or deleted. All transactions are recorded permanently on the public ledger. There is no single point of failure.

2. Decentralization

Decentralized applications (Dapps) are powered by smart contracts, which are self-executing programs that automatically execute terms and conditions without any centralized control. Dapps are not controlled by any central authority, thus eliminating censorship.

3. Trustlessness

Trustlessness refers to the fact that users do not have to rely on third parties to verify the information. In web 2.0, users had to trust websites and social networks to provide them with accurate information. However, in web 3.0, users can verify information themselves.

4. Interoperability

Interoperability refers to the ability of different systems to communicate with each other. In web 2. o, users had to use specific platforms to interact with other users. However, in web3.0, users can interact with anyone using any device.

5. User Control

In web 2.0, user control was limited to what companies allowed their users to access. Users were restricted to only what they could view, read, and write. In web 3.0, however, users can choose what content they want to consume.

6. Open Source

Open source software is free and open to everyone. Anyone can download and modify the code. Open source software is often developed collaboratively by many people.

7. Transparency

Transparency refers to the level of openness in a system. In web 2. O, transparency was limited to what companies wanted to share about their products and services. In web 3. O, users can easily find out how much money companies make, who owns them, and where they get their funding.


Disadvantages of Web 3.0

1. Privacy Concerns

The web 3.0 platform is not only about decentralization but also about privacy. To maintain their privacy, users need to use decentralized applications (DApps) instead of centralized apps. DApps are built using blockchain technology, which means they are completely transparent and secure.

2. Lack of User Experience

Web 3.0 platforms lack user experience. Users cannot customize the way they want to interact with the network, nor can they control what information they share.

3. No Control over Data

 Users have no control over data stored on the blockchain. Once data is uploaded onto the blockchain, it cannot be deleted.

4. Slow Speed

 Blockchain networks are slow due to the high number of transactions that take place on them.

5. High Cost

 Decentralized applications require higher computing power than centralized apps. As a result, the cost of running these applications is much higher than traditional apps.

6. Limited Accessibility

 Due to its decentralized nature, web 3.0 platforms are not accessible to everyone. Only those who own cryptocurrency can access these platforms.

7. Unstable Network

 As mentioned earlier, blockchain networks are extremely unstable. If a node goes down, the entire network could go down with it.

What is the difference between web 2 and Web 3?

In 1992 the term “web” was first used to describe a net-like structure of interconnected nodes. In the 1980s a researcher at the University of Minnesota, Tim Berners-Lee invented a system to link documents together and make them accessible over the internet. The system he created was called “HTTP” which is an acronym for “Hypertext Transfer Protocol.” 

This made it possible for everyone to access information via computers and mobile devices. Tim Berners-Lee became known as the “father of the web”— and he did this by sharing information about himself. He chose this mode of sharing because it fit well with his academic goals. 

Since then, web design has transformed from focusing on how to display information on a screen to focus on users themselves. Today we have web 2.0, web 3.0, and blockchain design— all referring to different aspects of how we use technology today.

In web 2.0, information is shared and consumed in a similar way that it was in web 1.0. However, some people believe that web 2.0 fails to address some important user needs such as scalability and security; therefore it is best described as an evolution rather than a revolution in user experience design (Huxman). 

web 3.0 benefits
web 3.0 benefits


Web 3.0 is an alternative design model that aims to transform users’ mental states through technology by integrating hardware with software (Pomot). The hardware aspect refers to using artificial intelligence (AI) in conjunction with human beings— hence creating a natural interface between man and machine (Moher). 

Some examples of how this can be applied are self-driving cars or chatbots that can perform complicated tasks without requiring manual intervention from human beings— such as booking flights or paying bills (Goffin et al.). To achieve greater consciousness, web 3.0 must incorporate technology with human consciousness — an approach called transhumanism (Kajtka).

Although both terms are popularly used today, there are some fundamental differences between web 1.0 and web 3.0 that must be understood if we are planning for their future applications. The concept of achieving greater consciousness through technology is an ambitious goal — but one that will transform our daily lives if it can be achieved at all!

Differences between Web 1.0, Web 2.0, and Web 3.0

Differences between Web 1.0, Web 2.0 and Web 3.0
Web 1.0 vs Web 2.0 vs Web 3.0



Web 3.0 refers to a shift in the web’s evolution

Another notable change came in 2010, when websites began creating accounts for users, instead of all websites requiring people to log in or create an account.

These “social” websites became very popular, with millions of users worldwide.

Account registration encouraged people to buy things online, which is why e-commerce providers benefited so much from it.

By 2011, every major browser was offering at least some form of integrated social network functionality. For instance, Firefox supported Facebook integration until 2015, while Google Chrome kept support for Facebook integration through its Instant View feature (which has since been discontinued) and Amazon established itself as a dominant force in this space by acting as a hub that tied it together.

Other sociable networks have also emerged, such as Twitter and LinkedIn. These types of websites tend to be focused on specific demographics of Internet users and sometimes marketing purposes.

It’s all about communities

Sharing is one of the main concepts on Twitter, Facebook, and other social networks. Thanks to services like Instagram and Pinterest, sharing photos has become easier than ever before.

Website owners have also started focusing more on how they can encourage people to share pages using blogs and articles. By allowing them to publish content offline with little or no work, you reach thousands (or even millions) of people who may not be familiar with your brand.

Web 3.0 refers to community-focused websites. These sites recognize that users want to connect to others and use their tools to help them do it.

What does that mean in practice?

Well, for one, Web 3.0 tries harder to ensure a faster load time for its users. Try opening Google in another language or with any foreign characters without having the first saved translation inside your browser. Load times

More stable websites

With the advent of mobile technology, more people are starting to use their phones for online browsing. However, using browsers such as Chrome or Firefox is still a much better experience than using a phone browser. The stability of those platforms is still far greater than that of most smartphone software.

There’s also no guarantee that your data will be safe if you choose to run an unsupported plug-in. Such software may work fine on some sites, but not on others.

As things stand today, the best way to take advantage of these tools is by running them through a virtual machine — like VirtualBox. At this stage, it seems unlikely that any major plugins will fail, so security isn’t a concern, just performance.

However, performance can become an issue when many third-party scripts start firing off at once. Google Cloud Storage, for example, only provides up to 20 script executions concurrently per app instance.

And then there’s Facebook’s Business Tools scripting API, which has 1,000 function requests — almost twice as many as what’s recommended in the documentation. This could potentially create a situation where one poorly written plugin could have negative effects across the website.

To solve this problem, we recommend sticking with default installers when possible, since these are less likely to leave holes in your security. And where necessary, consider investing in a thorough security review to keep users safer from vulnerabilities.

New protocols

One of the biggest things that get talked about when it comes to Bitcoin and digital currencies is how online payments work.

There are a few different ways to do this, but the most common way is through an affiliate network. By using an affiliate network, you can sign up for accounts where you get paid in bitcoin or other cryptocurrency versions (like XLM) plus you earn commissions.

But there are problems with doing this “with the traditional way”. For one, affiliates have to trust your site enough to rank high in search engines.

Also, since you are paying people in crypto, they don’t need to know what these assets are worth; they just see price points on them and value them as cheap or expensive.

Last, the fees associated with exchanging money or transferring it over to another country/region are also too high.

Web3 solves all of these issues by allowing near-instant payouts, easy transfers between countries, and low transfer fee rates. Payment networks like PayPal use some of these features already which web developers need to start understanding.

This will help solve their issue of having to handle cash or checks at the end of the month. Another feature teams want but can't afford is being able to buy votes with coins/credits.

These payment solutions give brands more control over their budgets and mean better experiences for customers. Some companies who offer these services include Wirex, Moneris,

Blockchains are a big part of  Web 3.0

Since its inception, the world has been moving towards a decentralized future. Technologies that aid in this vision are termed crypto-apps.

Blockchain technology is at the heart of many modern-day cryptocurrencies.

It removes the need for third parties to mediate transactions and allows for trustless interactions between participants. These qualities are what make blockchains unique and appealing.

More and more companies want to utilize blockchains but don’t know how. This is where tools like Omise come in.

Omise makes it easier for entrepreneurs to add blockchain capabilities to their apps and networks. Using off-the-shelf components, developers can easily integrate with existing platforms to enable better user experiences while also adding new features and functions.

What makes Omise different is that we have a customer service mindset coupled with an engineering approach to solving technical problems.

Combining these two things creates a level of collaboration that has never been seen before in our industry.

This partnership will help us build out infrastructure and processes to support the next generation of decentralization services. By combining our efforts, we hope to provide a good foundation upon which both traditional companies and decentralized systems can flourish.


Want to know what’s new?

The current version of the Internet, you may have noticed, is kind of crappy. Apps don’t work very well; websites take too long to load and crash regularly. Font sizes are minimalized making it difficult to read small text. Navigation is confusing with all these sub-menus and drop-downs.

What if I told you there was a better way? A way that made surfing the web as easy as using an app? You would probably say “use WhatsApp or Facebook”, right? Well, it’s been around for a while but only recently has its usability improved to make it comfortable for everyone.

Its name is Web3.0

Conclusion

Web 3.0 is here! Web 2.0 was about sharing information and connecting people. Web 3.0 is about empowering people and giving them control over their own data. Web 3.0 enables users to create, store, share, and monetize their digital identities. It's about building a decentralized web where anyone can securely access and use applications, content, and services without having to trust any third party.

In short, Web3.0 is the future of the internet. It's about decentralizing everything, making the internet accessible to everyone, and putting power back in the hands of the user.

The web 3.0 revolution is already underway. We've seen the rise of blockchain technology and cryptocurrencies like Bitcoin. We have seen the emergence of decentralized networks like Ethereum and EOS. And we're seeing the rise of decentralized apps (dapps) that allow us to interact directly with the network rather than relying on centralized servers.

We've also seen the rise of smart contracts and the creation of autonomous organizations like DAOs. These technologies are enabling us to build decentralized systems that are self-governing and self-executing.

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