Those who aren’t living under a stone will know that Web 3.0 is the latest popular expression these days. Seen as the third iteration of the internet, Web 3.0 is a revolutionary idea set to transform our lives. With the primary goal of taking back power from large corporations who own and control data, Web 3.0 intends to introduce a paradigm shift in how the existing Web 2.0 is designed. And it’s anything but a stand-alone innovation. From artificial intelligence and linked data to blockchain tech and more, Web 3.0 is considerably more than a total upgrade to the internet. We at Singapore Digital Exchange couldn’t want anything more than to take you through Web 3.0’s ropes.
While Web 1.0 had a readjust infrastructure and Web 2.0 had a read-compose infrastructure, Web 3.0 will be a read-compose trust web. To understand the transformative potential of Web 3.0, it is essential to understand Web 1.0 and 2.0 as well.
Web 1.0 is the origin of the internet, whereas Web 2.0 is the ongoing iteration of the internet. The internet was previously just an assortment of static HTML web pages that must be read and browsed. This was also when the internet was a mysterious and dark space.
Then there was Web 2.0, which introduced a far more interactive and dynamic infrastructure. From the mysterious space that individuals were dubious about to a space where you could access information from anywhere on the planet, Web 2.0 has progressed significantly. And this was additionally enhanced with the arrival of smartphones and cloud innovation, as individuals switched from using the web for a couple of hours a day to use it in a hurry. Web 2.0 enabled users to share information globally while also allowing them to create on top of the infrastructure, thereby bringing us to the upcoming Web 3.0.
Web 3.0 takes a step further in creating a fairer and more transparent internet using blockchain innovation. What makes Web 3.0 so appealing, or, as some may say, the need of great importance, is that it seeks to solve quite possibly the most pressing challenges of the current time – the unauthorized assortment and controlling of personal data by a small gathering of large corporations. Web 3.0 is based on a decentralized organization that is not administered by a single element, and these networks are constructed, run, and maintained by individuals who use them. Ultimately, web 3.0 aims to place power and data in the hands of users rather than corporations.
Salient Features Of Web 3.0
Democratization of data
As we’ve seen above, the democratization of data is the central purpose of Web 3.0. Corporations will never again require servers to store user data if Web 3.0 becomes a reality since command over data will be passed on to the users.
Security and privacy
Web 3.0 uses cryptography to defeat security and privacy concerns. Data on the organization is scrambled, so it can be accessed by the hub that has the right key. Moreover, implementing blockchain will further develop data security, making it nearly impossible for hackers to access data.
Interoperability
Most existing applications are OS-specific, which means that some applications work just on Android devices while others work just on Apple devices. With the arrival of Web 3.0, notwithstanding, all of that is poised to change. Regarding devices and operating systems, Web 3.0 apps will be independent of them. Instead, an app that could work on a smartphone could also chip away at a smart TV or any other gadget with smart sensors.
Closing Thoughts
While we don’t be aware of when Web 3.0 will carry out, it certainly isn’t normal to carry out for the time being since it’s still a work-in-progress. Nonetheless, despite its apparent transformative benefits, Web 3.0 has several obstacles to survive, including its gradual pace of adoption, difficulties in implementation, and more. Yet, the world’s already grinding away to solve these challenges, and there’s no question that this insurgency in the making is coming soon.
Suggestion: Ether, Shiba Inu, Dogecoin, Bitcoin, and other cryptocurrencies for buy, sell, and trade you can use Singapore Digital Exchange. It is the number one exchange platform in Singapore.
