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Wednesday, April 24, 2024

How the Internet will change with Web 3.0

New Delhi: These days Web 3.0 is being discussed all over the world. It is the next generation of the World Wide Web, which may replace Web 2.0 in the coming times.

It is being said about Web 3.0 that the control over the data will be with the people themselves rather than any corporate or government. Also, through a single account, users will be able to access internet media, email, shopping sites, etc. Let us know what is Web 3.0 after all?

These days, ‘Web 3.0’ is being discussed a lot after the metaverse in the internet world. This new word has excited the Internet world.

Now you must be wondering what exactly is Web 3.0?

This is a world beyond Web 2.0, which we are used to now. In this next era of the internet, it is being said that you will not need to have a separate internet account for each platform, but one internet account, from which you can access Facebook (now meta), Twitter, Google+, shopping sites, etc. be able to access.

Plus, your activities can be listed on the same digital backbone that supports cryptocurrencies like bitcoin-blockchain.

Its good thing would be that it would not be controlled by any central power, but the users themselves would have control over the data. Web3 applications are often based on a technology called Ethereum.

What is Web 2.0 and Web 3.0:

Online services have become an integral part of everyday life ever since the pandemic began in March 2020. People shop, order food, watch movies, use internet media, even buy stuff online. Most online services, such as email, Internet, and shopping, run on the cloud.

Remote data storage and processing services are available through the Internet. Amazon Web Services, Google Cloud, Microsoft Azure, and other platforms provide cloud services.

This means that any information that users share on such platforms is stored with the cloud providers used by the online service. This version of the Internet is called Web 2.0, which we are using now.

Web 3.0 is the next version of the Internet, where services will run on the blockchain. If we compare these two, then while cloud platform or on-premises infrastructure forms the foundation of Web2 services, in Web3 all services are built on Blockchain.

The main difference between the two is that the cloud is controlled by giants and on-premises companies/organizations like Amazon, Google, and Microsoft.

It is centralized. Whereas in Web 3.0, data is distributed across the network through blockchain. No one owns the data or information.

Web 3.0 is decentralized internet, which runs on a public blockchain, which is also used for cryptocurrency transactions.

This will be different from the centralized Internet i.e. Web2.0, where top companies such as Meta (formerly Facebook), Google, Amazon, and Apple hold the bulk of user data. Web3 is important for cryptocurrencies.

But it is much more than that. The best example of Web3 is NFTs i.e. non-fungible tokens, which are bought using crypto coins. Now from Amitabh Bachchan, Salman Khan to many people is becoming active in this field.

What will change from this:

In order to understand why Web3.0 is important, it is necessary to first understand the purpose of the previous versions of the Internet, i.e. Web1 and Web2, which have been running since the 1990s to the present day.

Web 1 started with static or personal web pages. At the beginning of the last decade of the last century, people were new to the Internet. During that time there were more static pages on the Internet. There was not much room for conversation.

Then after 2000 came Web 2.0 and with it came big companies like Facebook, Amazon. This is the era of user-generated content.

Web 2.0 is in trend right now. Users who, knowingly or unknowingly, search for, purchase, or upload videos and photos generate large amounts of content or data.

All this data is stored in the servers of companies with whom people interact. This means that the middlemen become the custodians of the user’s data and earn profit through advertising.

According to statistics from StatCounter, Facebook has a 72 percent market share in Internet media. The more time spent creating content, the more data companies can collect, which helps them improve their AI algorithms and ad engines.

It is also a major revenue model for companies. Web 2.0 brings problems like privacy and plagiarism, but it won’t be that easy in Web 3.0.

How problems will be solved

These days plagiarism is quite prevalent in the internet world. It is common to copy original material and post it on Internet media.

When US tech reporter Casey Newton analyzed the top 19 most viewed posts, it was found that only four of them were original, while the rest were plagiarism. Via web3 may help to solve this issue.

Researcher Matt Dryshurt at New York University says that some companies currently control the Internet, but Web 3 will provide new Internet networks, search engines, etc., which some companies will not have control.

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