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Home News Web 3.0 Revolution – A brief look at the NextGen of the...

Web 3.0 Revolution – A brief look at the NextGen of the Web

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Imagine an innovative kind of internet that effectively understands your inputs, and comprehends what you are conveying, whether via voice, text, video, or other media to offer you personalized content.

Well, we are talking about Web 3.0, which is indeed a tipping point of a revolutionary phase in the worldwide web’s evolution.

You may find multiple web 3.0 apps that already exist today, though they are in the initial stage. We are yet to avail of their true potential until the innovative web 3.0 technologies are completely embedded in the web infrastructure.

What is Web 3.0?

It is an emerging Internet technology that uses blockchain, artificial intelligence, and machine learning to attain real-world human communication.

It is the 3rd generation of internet services for applications and websites that will be utilizing machine-based interpretation of data to offer a Semantic and Data-driven Web.

The primary objective of Web 3.0 is to develop more connected and intelligent websites.

Generations of the World Wide Web

The World Wide Web has experienced numerous transitions over the decades, and it continues to evolve to this day. The iterations of the World Wide Web could be summed up like this:

Web 1.0 –

It was the first generation which is also referred to as the read-only web. It enabled businesses to broadcast their information and let the users search and access it.

In Web 1.0 the information flow was static and unidirectional.

Web 2.0

It is also known as the post-dotcom bubble generation, it has more emphasis on content generated by users, cloud computing, social networking, and many more.

Here the flow of information is bidirectional, users can seamlessly interact with web applications feeding them with data.

Web 3.0

It is the third generation of the web, which comes with its use cases of blockchain, metaverse, and crypto and it is being touted as a revolutionary generation of the internet.

Web 3.0 will make the control of the internet decentralized and it will be residing on the blockchain networks, which ultimately be owned by the users themselves.

Here you can observe how every generation has been built upon the requirements created by the previous one.

As far as Web 2.0 is concerned, the user’s data is centrally owned by technology organizations, they have the power to control or censor us, and they can use our information in whatever way they want by putting various terms and conditions.

Web 3.0 introduces the decentralized aspect of the world wide web, and it put more emphasis on the security and privacy of end-users.

How Does Web 3.0 work?

In the Web 2.0 system, the end-user can directly interact with the frontend, then it communicates with the backend and database to implement the business logic.

However, in the Web 3.0 iteration, we neither have centralized databases to store the app state nor a centralized server where the backend logic could reside.

Web 3.0 leverages the blockchain to develop applications on decentralized machines, that are managed by anonymous nodes on the network.

The business logic is described in smart contracts, which are documented and deployed by developers onto the decentralized state machines.

The primary objective of web 3.0 is to make internet searches much easier, faster, and more effective to process complex search keywords within no time.

Web 3.0 architecture is consisting of four basic elements :

  • Frontend – It defines the logic that works to create the user interface and user experience. It is also responsible for connecting the smart contracts that describe the application logic.
  • Ethereum Blockchain – It is an open-source and decentralized blockchain equipped with smart contract functionality. It is consisting of globally accessed machines owned and managed collectively by a vast peer-to-peer node network.
  • Ethereum Virtual Machines – They are the computation engine that functions like a decentralized computer, which could have millions of executable elements and projects. These VMs are responsible for executing the logic described in the smart contracts.
  • Smart Contracts – These are transaction protocols or computer programs written in high-level languages. Smart Contracts can automatically execute, document, or control the legally relevant actions and events as per the agreement. These programs run on the Ethereum blockchain.

Layers of Web 3.0

  • Edge Computing – Now the data centers are moving to the Edge, which refers to analyzing, storing, and processing the data closer to its point of origin.

It generates the data immediately for real-time analysis and response.

  • Decentralized Data Network – It enables numerous data generators to trade or sell their data without dropping the ownership, endangering privacy, or depending on intermediaries.

In web 3.0, data will remain decentralized, which means end-users will have complete ownership of their data.

  • Blockchain – It is indeed the foundation of Web 3.0. It describes the data structures, which form the backend of the semantic web.

The blockchain is based on the principle of decentralization, where we do not need a central authority like a government, bank, or other regulatory authority to control transactions between businesses and end-users.

It makes Blockchain an ideal technology for controlling smart contracts between various parties.

  • Artificial Intelligence and Machine Learning – With the advent of Artificial Intelligence and Machine Learning algorithms, it has become easier to make predictions and make informed decisions.

Artificial Intelligence is a group of technologies to build intelligent machines that can easily simulate human behavior and thinking capability.

On the other hand, Machine Learning is a subset of an application of Artificial Intelligence, that enables machines to learn from the data models without being coded explicitly.

Considerable trends influencing Web 3.0 technologies:

Web 2.0 took almost two decades to evolve into its current form.

The technology world has been transformed in the meantime, but there is no doubt that the web must progress to remain beneficial and relevant in the future.

Here we have some considerable trends that are influencing the Web 3.0 design:

  • Scale and Speed – Advanced fiber-optic technology offers almost infinite bandwidth for the users using the fiber backbones, 5G technology, and satellite-aided internet connectivity. Web 3.0 enables users to live in an always-connected world with the help of actuators and sensors. Such connectivity used to be a pipedream back when Web 2.0 was introduced 2 decades back.
  • Decentralization – Web 3.0 is based on the principle of decentralization, where nobody owns the user data except themselves. The mega tech organizations like Meta, Twitter, or Google handle all our conversations, but they will no longer store and control the user’s data with the arrival of decentralized Web 3.0. It will offer more power to end-users ends.
  • Identity Management, Security, and Personal Information – The Internet is certainly not a safe space, as you are quite vulnerable to various security threats such as phishing, spamming, ransomware, or virus attacks. Apart from that authenticating and validating the identity of the user is another major concern. Users store their passwords and sensitive information on various devices and websites. Web 3.0 consists of various technologies that can address these issues in a way more effective way.

Web 3.0 – Final Thoughts

Web 3.0 is certainly not a quantifiable entity that could be delivered as a product. It is a technological evolution that has mitigated the challenges with earlier internet iterations and gets ironed out over time. Web 3.0 opens a plethora of possibilities, that will make web development more secure and affordable while offering better decentralization and personalization.

In this dynamic technology landscape and accelerated economy, you need to envision the future possibilities and work tirelessly to offer innovative solutions to your customers.

You must start thinking about how you are going to use Web 3.0 today, as it will help you to leverage its capabilities when it takes shape in the future.

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