Could anyone guess that technology would evolve and upgrade in such a great speed? Yes, you heard that right. We are in an era of Web 3.0 that allows users to take full control of their data requirements taking into consideration the privacy aspect.
Web 3.0 is the third generation of internet growth that aims to make internet more intelligent. Before we learn more about Web 3.0, let us first understand how the web has evolved over the years.
Let us give you a brief walkthrough for each of these 3 stages.
This is the first stage in the evolution of the web, which is commonly known as the read-only web. Web 1.0 websites were not as interactive and intuitive as it is now. The primary goal of these websites was to present information to the general audience. The improvements in the technology standards and developers gaining new skill sets lead to the evolution from 1.0 to 2.0 stage.
This is the third stage in the evolution of the web, referred to as read-write-execute which defines the future of the web. This is an era of Artificial Intelligence and Machine Learning that enables computers to promote the culture of smart learning. You will require Web3.js as the primary JavaScript library while building web 3.0 applications.
Developed by an open-source community of developers and is accessible to everyone on the web. Users are provided with the flexibility to interact either privately or publicly without the risks of data breaches and security.
There are no permissions involved as the users and providers can freely communicate.
Complete Information Ownership
Code Transparency
Resolution of Privacy Issues
Web3 applications are developed on decentralized peer-to-peer networks like Ethereum. These networks are developed, operated, and maintained by their users rather than by a business. The breakthrough is that these networks can now be owned by individual users rather than big businesses. Web3 is trying to solve a major issue that appeared in web 2.0 where personal data is being used by private networks resulting in compromising of data. Web3 network is not controlled by a single organization and the decentralized apps created on top of it are open.
Web 3.0 is the future of the web in the years to come. The introduction of distributed platforms and digital currencies clearly indicates that we have taken a giant step in the direction. Web 3.0 has already been implemented by big tech giants like Google, Amazon, etc. Virtual assistants (Alexa, Google Home) and wearables are some of the aspects where Web 3.0 is utilized. We are heading towards an era where all the users need to keep track of their personal data with utmost control and ease. This is an exciting phase of transformation where technology products will only get better with time.