In the evolution of web technologies, Web 3.0 represents the third generation. Websites and application services are provided by the web, also known as the World Wide Web.
Since Web 3.0 is still evolving, there isn’t a canonical, universal definition. There is no doubt, however, that Web 3.0 will emphasize decentralized applications and utilize blockchain-based technology extensively.
In addition to machine learning and artificial intelligence (AI), Web 3.0 will enable applications to be more intelligent and adaptive.
What is Web 3.0?
The Web 3.0 concept refers to a new, improved, and democratized internet ecosystem that is free of central authority. Web 3.0 refers to the most recent phase of the internet’s evolution. The concept of Web 3 or Web 3.0 is based on creating a decentralized ecosystem.
To solve the problems of the present-day internet/online ecosystem, this new technological dimension believes in leveraging the power of artificial intelligence, machine learning, and the latest technologies.
Web 3.0 has four characteristics:
- Web 3.0 to get a better understanding of its complexities and nuances
- Man-made reasoning
- Semantic Web 3D Graphics
- Pervasive
How is Web 3.0 going to be different from the previous versions of the web?
There was only a basic read-only version of the internet in Web 1.0 or the first version of the internet. Users did not have much functionality or flexibility. Information could only be read from the websites by the users.
Internet 2.0, i.e. the stage of the internet that we are in right now, is the second generation of the internet. Users of Web 2.0 can read, write, upload, send and receive text, image, and video content via the internet as well as write, upload, send, & receive various forms of content.
As a result, Web 3.0 is likely to be much better and more advanced than the internet we have today.
Essentially, Web 3.0 refers to a new, improved, and democratized internet ecosystem which will be free of centralized control. Internet use can be transformed by using blockchain technology in Web 3.0. Blockchain technology can transform the internet in a whole new way.
By selling their digital content as NFTs, people will be able to buy, own, sell, and earn. Various uses of blockchain technology, such as smart contracts and decentralized apps (DApps), will gain popularity once Web 3.0 is widely accepted.
What will be the primary features of Web 3.0?
Web 3.0 is designed to make the internet a smarter place. In the new era of the web, the internet will become more responsive, intelligent, and capable of offering a more personalized and satisfying experience.
18Pixels is a software development company that adopts technology at every stage from web 1.0, web 2.0, web 3.0, and further. It fulfills every wish of its customers to deliver apps and websites with futuristic technology.
The internet will no longer be known or used as it is today. To understand the possible changes we might see in Web 3.0, we should familiarize ourselves with the following four main features:
- Artificial Intelligence – The ability to decipher human emotions and thoughts will be a key feature of Web 3.0. Machine learning will help tailor search results based on user preferences.
- Semantic Web – Semantics is the study of the relationships between words. Computers would be able to analyze data and decode the meaning and emotions conveyed by semantic webs. Users will be able to experience a better and more pleasant internet usage experience as a result.
- Ubiquity – Ubiquity is the ability to be everywhere at the same time, or more simply, omnipresence. Today, the internet or Web 2.0 is already quite omnipresent. Using the Internet of Things (IoT), Web 3.0 will simply make the internet more widely accessible.
- 3D Graphics – Three-dimensional virtual worlds will become a reality with Web 3.0’s new graphics technology. Users will enjoy a more immersive internet experience with 3D graphics, which will benefit e-commerce, real estate, health, and a variety of other sectors.
Web 3.0 Advantages and Disadvantages
| Advantages | Disadvantages |
| Decentralized | Computational power |
| NFT | Losing web 1.0 |
| Data protection | Newcomer problem little |
| Little transactional charges | Upgrading websites safety |
| Safety of account sharing | Sharing of data interest |
| Interest-related content | Cybercrime issue |
| Customization | One control open |
| Open source | Loss of money improve |
| Improve web browsing old | Old gadgets couldn’t use it |
| dApps | More online time |
What role will blockchain technology play in Web 3.0?
In many ways, Web 3.0 powered by blockchain technology can improve and increase the efficiency of the internet. Transaction speeds can be improved to astonishing levels with blockchain technology.
As of today, blockchain technology has the potential to change the course of the future of the internet and the way we use it, as evidenced by the 50000 transactions per second (TPS) of Solana, which is more than ten times what Bitcoin was at the beginning of its existence.
The use of blockchain technology can benefit not only the digital transaction sector, but also the digital healthcare sector, supply chain sector, and other sectors. We can also redefine social media sites with blockchain technology.
Conclusion
Although Web 3.0 and blockchain technology holds many promises, implementing and adopting these technologies in real-life scenarios will take much longer than we expect. There are a few drawbacks to blockchain technology, as with any technology.
As a result, implementing blockchain technology in the mainstream will be a challenge until the associated problems are resolved. We don’t know yet how Web 3.0 will be adopted and what changes it will bring to the way we live. There is no doubt that the future of the internet will be interesting.
