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The Evolution Of WEB3
Learning about the roots of Web3
functionality and the reasons behind its ability to transform online contact
are all important parts of Web evolution education. The reason for the
evolution of Web3 may become more transparent when looking at the web's development
history. However, we must first understand what Web1 and Web2 are.
WEB
Tim Berners-Lee made the World Wide
Web in 1989 to help scientific institutes and universities share information
easily. By October 1990, he had made the three center technologies that became
the foundation of the web. Here are:
· Uniform Resource Locators (URLs) for locating them.
· Hypertext Transfer Protocol (HTTP) for accessing them.
These technologies designed the
backbone of the early web known as the "Web." In Web1 developers used
HTML to build static web pages, which were hosted on web servers. Users could
find these pages using URLs and view them through web browsers with HTTP.
Though HTML, URLs and HTTP have been
generated and improved over the years. They stay basic to how the modern World
Wide Web works. The early Web1 showcased the chance for digital communication
and information sharing and laid the foundation for future developments.
WEB2
Web2 was established in the mid-2000s,
when a new generation of internet companies like Facebook, Twitter (now X) and
Wikipedia certified users to make their content. However, as MIT research
scientist Andrew McAfee put it in a 2009 McKinsey Quarterly interview. There
was an amount of these open-source "growing social software
platforms" that many users were clueless about. These companies monetize
user activity and data by selling them to advertisers while maintaining control
over only decisions about functionality and management.
Web2 gives a higher level of
collaboration between internet users, content providers and businesses than
Web1 does. It provides connectivity among future users and features of
user-generated content.
Web application programming interfaces
(APIs) are internet-based web services with a Hypertext Transfer Protocol-based
API that are more functional and easily known because of Web2.
Also, it’s called the social web where
everyone can join in while Web1 was just the web where you could only read
things. With new web technologies like JavaScript. Web2 is a better and more
popular version of what came before.
WEB3
The founder of Polkadot and co-founder
of Ethereum generated the word "Web3" in 2014. This fully
decentralized system is based on blockchain technology. Especially towards the
end of 2021, cryptocurrency participants and some big tech companies and
investors see its management directions. To create a personal digital
ecosystem, it combines the interactive experiences of Web2 with the
decentralized change of Web1.
The internet is currently being
developed into its third version. Most websites today are typed as part of
Web2. On Web2 the data and content are dedicated to servers owned by big tech
companies. But on Web3 data will be stored on decentralized servers using
blockchain technology similar to how cryptocurrencies work.
Cryptocurrency and blockchain are
important for making it a reality and blockchain is also important in many
other areas. In finance, it supports decentralized finance (DeFi) which lets
people make dealings directly with each other with no need for banks. In
healthcare blockchain builds information safety, privacy and allows patients to
manage their health records. Also the entertainment industry benefits from its
decentralized platforms where creators can share their work directly with
audiences. Education also got new opportunities with decentralized learning
platforms.
Important Of WEB3
The world is moving to a virtualized
future where there are no borders and everyone is connected through it.
The whole goals of Web1 were the
introduction of personal computers and the Internet. The age of social media
and social networking websites was known as Web2.
The next stage of the Internet is
known as also Web3, where it takes on a life of its own. The age of
decentralized applications and blockchain technology is called Web3.
Blockchain-based solutions that can decentralize almost every part of our lives
will start achieving traction.
Also, it is quite significant because
it serves as the basis for the metaverse, a hypothetical three-dimensional
virtual environment where people interact and transact business using robotic
symbols. It will therefore have the effect of making businesses more
user-friendly and transparent.
How Will WEB3 Work?
In Web1 and web2 HTML defines the
layout and facts of web pages. It will remain basic but how it deals with data
sources and where those data sources are located is likely to be different.
Almost all Web2 applications depend on
centralized databases for data needs and application functionalities. Its
applications lead to a decentralized blockchain without a random central
authority.
Although in Web2 users can contribute
to and even sometimes cooperate on site content. These responsibilities among
others will probably be transferred to semantic web and artificial intelligence
in future site versions known as Web3.
Thus, it will be more
"intelligent" and also more responsive because the information will
be presented more logically giving to the building for the Semantic Web that
Berners-Lee had designed for the first version of the Internet and better AI understanding
ability.
Advantages Of WEB3
Thanks to a new and quickly changing
technology called Web3 the way we use the Internet will never be the same
again. Although it will take some time to fully develop some benefits can
already be seen in the use of Web3 today.
· Blockchain technology and decentralization
make it possible by stopping trolls and making content creation affordable to
everyone. In difference, it offers users a direct opportunity to earn tokens
through community participation and other activities. These tokens have
financial value, thus giving users real ownership over their projects.
· Using a decentralized identity system, you can
manage your personal data and online identity. Your level of access to your
information is greatly increased with Web3 making it more exact than ever.
· Different present systems where information
can easily be generated or stolen without the user's knowledge. Blockchain
technology provides data protection and it cannot be changed or hacked without
the user noticing. Since there may be several doubtful applications, it is
advised to use only verified Web3 applications.
· Their projects are extensible which means
anyone can build them. This is different from Web2 where access to APIs was
limited. But it works like Lego parts that can be collected and reused. The
term used for this is "compossibility." As a result, it allows new
projects to be created based on current projects thereby making it easier to
think of creative industries with real value.
· It operates on a DAO or Decentralized
Autonomous Organization which does not have any boards or executives linked
with it. In DAO there are only some principles that are written in code and
that make way for an infinite number of individuals to be part of them.
Conclusion
Web3 is a long way from taking over
the internet. Some of the promoters aim to use blockchain technology to shift
control of the internet from corporations to users. Nevertheless, technology
has advanced to where it is possible to reorganize the internet so that people
rather than businesses gain.
Even if web3 shows and agreements are
still in their start no doubt developing technologies have the authority to
completely transform the economy once more. Since it may turn into the
financial technology of the future careful investors would do well to take into
account all of its effects.
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