web3 image | Cyber Sundar
Web3, also known as Web 3.0, is the new concept of World Wide Web that include new features such as decentralization, Blockchain technologies, and token-based economics. It is being acclaimed as the future of the internet or Web.
Web3 is a Blockchain based decentralized online ecosystem. In 2014, Popular Crypto Currency Ethereum and Polkadot Co-Founder Gavin Wood coined the term “WEB 3.0”, a Blockchain based decentralized online ecosystem.
WEB 3.0 will give Better Internet, Privacy. People will own cryptocurrencies, NFTs.
Web3 is powered by Blockchain Technology, which mean this will not be controlled by a single company, entity or organization. This will provide much security and privacy to its users. This feature makes web3 more democratic and gives power to users of controlling their user data.
Web3 is based on distributed ledger technology (known as Blockchain) and peer-to-peer networking. Which enables secure and transparent transactions. Also this feature allows creating dApps (decentralized apps) for various features to its users.
Thanks to its integrated Blockchain technology Web3 will provide better security and Security to its users than traditional Web2 internet. Users will enjoy tracking free web experience.
Web3 is more interactive than Web2. Users will have control to manage their data and privacy. Also it provides control to interactions and experiences while using internet.
Today Most of companies squeeze users for their data through WEB 2.0, but this WEB 3.0 Concept will change everything. This will provide good Security and Privacy.
Web 3.0 will based on Blockchain Computing Architecture. Blockchain is an open source, Very Public, Transparent project. Web3 is also as open-source and interconnected decentralized applications.
This is early stage of internet or World Wide Web evolution. In this era of web, there were a few content creators with huge majority of users who consumes their contents. In this period only static webpages were common stored on ISP run web servers. This websites was non-interactive. The best example of websites like Myspace, AOL, Britannica, Netscape Navigator and LiveJournal.
Today every website we use is based on Web2 except some Web3 Projects. Web2 also knows as web 2.0. In web2, user’s data stored in specific database solutions such as Amazon Web Services (AWS), these solutions are centralised. Web2 business model is advertising based. User Provide its data in for using services, this data used for advertising purpose such as target adverting and marketing. This is less secure and less private web solution. Typically, Web2 is information-focused and interactive. Some of examples of Web2: Facebook, Google, YouTube, Twitter, etc.
Web3 is less reliant on advertising-based business models and people would have more privacy as a result, with fewer trackers and targeted ads following them around. Web3 will make a strong importance on decentralized applications and will make extensive use of Blockchain-based technologies. Web3 is User Focused, Private, Secure and Decentralized.
Here is an Image that demonstrate the Difference between Web1, Web2 and Web3
In this transforming tech world with power of AI (artificial intelligence) and Machine Learning Web3 will be more intelligent and adaptive web. This will provide a better, secure and private experience to its users.
Here is official link of Web3 Foundation | Click Here
Polkadot is a blockchain platform that supports other blockchains. Some people called polkadot blockchain is future of crypto and other related things or assets.
Know more about Polkadot Project here
Kusama is leading pre-production experimental environment for Polkadot Blockchain. This allows developers to experiment and test new blockchain and applications before releasing it for public use.
In this digital sphere Web3 will provide control to its users to manage their user data. Web3 platforms are more democratic and decentralized than Web 2.0’s, which are controlled by a small number of large tech companies. In nearby future Web3 will be surpass Web2 technology.
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