The Internet Is Based On Which Three Key Technologies – Web 3.0 or Web3 is the third generation of the World Wide Web (WWW). Currently under development, it is a decentralized and open network vision with many benefits for users.
Web 2.0 is the second and current generation that replaces Web 1.0 in the 1990s and early 2000s. Web 2.0 is the version of the Internet (a term often used interchangeably with the Internet) that we are all familiar with.
The Internet Is Based On Which Three Key Technologies
The Web refers to the World Wide Web, the primary information retrieval system on the Internet. The initials WWW were (and often still are) used at the beginning of web addresses and were among the first characters entered into a web browser when searching for a particular resource on the Internet. Internet pioneer Tim Berners-Lee is credited with coining the term World Wide Web to refer to the global network of information and resources linked together through hypertext links.
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Berners-Lee pioneered the early development of the Internet in the 1990s, when he worked as a scientist at the European research center CERN. In October 1990, he described the three major technologies that formed the foundation of the Internet, including the first web editor/browser (WorldWideWeb.app):
In the mid-1990s, the advent of web browsers such as Netscape Navigator ushered in the Web 1.0 era. It was an era of static websites pulled from servers, away from the cheesy content we take for granted today.
At the time, many Internet users were excited about new features such as email and real-time news searches. Content creation was still in its infancy, and users had few options for interactive applications. This interaction has improved as online banking and commerce has grown in popularity.
Web 2.0 refers to a paradigm shift in Internet usage. In the first two decades of the 21st century, the primitive Web 1.0 websites were replaced by Web 2.0 interactivity, social connectivity, and user-generated content. Web 2.0 makes it possible for user-generated content to be viewed by millions of people worldwide in near real time. This unprecedented access has led to an explosion of this type of content.
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The rapid growth of Web 2.0 was driven by key innovations such as mobile Internet access and social networking, as well as the near ubiquity of powerful mobile devices such as the iPhone and Android-based devices.
In the second decade of this millennium, these developments allowed the dominance of apps that expanded the level of interactivity and utility on the Internet—Airbnb, Facebook, Instagram, TikTok, Twitter, Uber, WhatsApp, and YouTube. , to name a few.
The extraordinary revenue growth of these dominant platforms has made many Web 2.0-focused companies, such as Apple, Amazon, Google, Metta (formerly Facebook), and Netflix, among the world’s largest companies by market capitalization (even short for them Available: FAANG).
These apps have also fueled the growth of the gig economy, allowing millions of people to earn part-time or full-time income by driving, renting houses, delivering food and groceries, or selling goods and services online.
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Web 2.0 has also proved too disruptive for some sectors and industries, to the point of becoming an existential threat. They either failed to adapt to the new web-based business model or were slow to adapt. Retail, entertainment, media and advertising were the hardest hit.
The year 2004 witnessed two significant events that accelerated the development and adoption of Web 2.0: Google’s initial public offering (IPO) and the creation of Facebook (now Meta). Both companies are part of the FAANG group, which consists of the largest US technology companies.
Web 3.0 represents the next phase of Internet and Internet evolution, and may be as disruptive and big a paradigm shift as Web 2.0. Web 3.0 is built on the core concepts of decentralization, openness, and greater utility for users.
In a 2001 article, Berners-Lee discussed the concept of what he called the Semantic Web. Computers did not have a reliable way to process the semantics of language (ie identify the actual context in which a word or phrase is used). Berners-Lee’s vision for the Semantic Web brings structure to the meaningful content of web pages and includes software that performs complex tasks for users.
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Web 3.0 has moved far beyond the original concept of the Semantic Web, which was conceived by Berners-Lee in 2001. This is in part because it is too expensive and too difficult to convert human language, with all its subtexts and variations, into a form that can be easily understood by computers, and because Web 2.0 has evolved over the past two decades. Significant progress has been made.
Although there is no standard definition of Web 3.0 yet, it has many characteristics.
This is the basic principle of Web 3.0. In Web 2.0, computers use HTTP in the form of specific web addresses to search for information stored in a fixed location, usually on a server. Web 3.0 information will be found based on its content and thus can be stored in multiple locations at the same time. It becomes decentralized. This will eliminate the large databases that Internet giants such as Meta and Google currently have and give users more control.
With Web 3.0, data generated by various and increasingly powerful computing sources, including mobile phones, desktop computers, devices, vehicles, and sensors, are sold by users over decentralized data networks, ensuring that The user retains ownership control.
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Because Web 3.0 is based on open source software, it will also be trustless (i.e., the network will allow participants to communicate directly without a trusted intermediary) and permissionless (i.e. , anyone can participate without permission from the governing body).
As a result, Web 3.0 applications will run on blockchains or decentralized peer-to-peer networks, or a combination thereof. Such decentralized applications are called dApps.
In Web 3.0, computers will understand information like humans, thanks to the Semantic Web concept and technologies based on natural language processing. Web 3.0 will also use machine learning, which is a branch of artificial intelligence (AI) that uses data and algorithms to learn how humans learn, gradually increasing their accuracy.
These capabilities will allow computers to produce faster and more relevant results in areas such as drug and new substance development, as opposed to the simple targeted advertising that forms the bulk of current efforts.
World Wide Web
With Web 3.0, information and content will be more connected and ubiquitous, accessed through multiple applications and on a growing number of everyday Internet-connected devices. An example of this is the Internet of Things.
Web 3.0 has the potential to provide users with greater utility, moving away from the social networks, streaming, and online stores that make up the majority of Web 2.0 applications used by users. Capabilities such as the Semantic Web, AI and machine learning, which are at the heart of Web 3.0, can expand applications into new areas and significantly improve user interaction.
Key Web 3.0 capabilities such as decentralization and permissionless systems will give users greater control over their personal data. This can help prevent the practice of data mining (collecting information from web users without their consent or compensation) and network effects that have allowed tech companies to gain close proximity through exploitative advertising and marketing. Be dependent.
However, decentralization also carries significant legal and regulatory risks. Cybercrime, hate speech and disinformation are already difficult to control, and will become more so in a decentralized structure due to the lack of centralized control. A decentralized network will also make regulation and enforcement more difficult. For example, which country’s laws will apply to a particular website whose content is hosted in multiple countries around the world?
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If you’re planning a vacation on a tight budget, you now have to spend hours searching for flights, accommodations, and rental cars, searching multiple websites and comparing prices. Thanks to Web 3.0, intelligent search engines or bots will be able to gather all this information and create personalized recommendations based on your profile and preferences, saving you hours of work.
Web 3.0 is a far cry from the Semantic Web envisioned by Internet pioneer Tim Berners-Lee. Although Web 3.0 uses technologies based on semantic web concepts and natural language processing to make user interaction more intelligent, it also has other possibilities, such as the widespread use of artificial intelligence (AI) and machine learning, as well as untrusted or permissionless systems such as blockchain and peer-to-peer networks.
With this key feature of decentralization, Web 3.0 lends itself to technologies such as blockchain, distributed ledger, and decentralized finance (DeFi).
To use a cinematic analogy, if Web 1.0 represents the era of black and white cinema, Web 2.0 is the era of color/basic 3D, and Web 3.0 will be a unique experience in the metaverse.
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Just as the 2010s were the decade when Web 2.0 became a dominant force in the global business and cultural landscape, 2020 may be the turning point of Web 3.0. Facebook’s rebranding to Meta on October 28, 2021 may be an early sign that the transition to Web 3.0 is accelerating.
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