All About Web3

What is Web3 ?

Web3, also known as Web 3.0. It is next level version of Internet that is decentralized and based on peer-to-peer technologies such as public blockchains.

Let’s try to understand in layman language what was Web1.0 and What is Web2.0 & What is going to be most hot topic Web3.0

• Web1.0 1989-2004

It is also called the static Web. It was first and most reliable internet in 1990. Web 1.0 did not have algorithms to shift internet pages, which made it extremely hard for user to find relevant information. It was like a on-way highway with a narrow footpath where content creation was done by a select few and information came mostly from directories.

• Web2.0 2005-Present

Web2.0 is the next stage of the web evolution that would make the internet more intelligent through the power of AI system that could run smart programs to assist users.

Web 2.0 is based around the idea of "the web as platform, For more users of the Internet produce content, which they upload to social networking services, blogs, or video or image sharing websites. Many web pages are dynamic and serve content from relational databases, or are full-featured web applications.

• Web3.0 Yet to come

The term "Web3", specifically "Web 3.0", was coined by Ethereum co-founder and Polkadot creator Gavin Wood in 2014. In 2020 and 2021, the idea of Web3 gained popularity. Particular interest spiked towards the end of 2021, largely due to interest from cryptocurrency enthusiasts and investments from high-profile technologists and companies.

Web3 revolves around the idea of a decentralized World Wide Web solution, the Internet itself is decentralized by design. Proponents often contrast this to Web 2.0, where large amounts of the web's data and content are centralized in a fairly small group of companies.

Specific visions for Web3 differ, but all are heavily based in blockchain technologies, such as various cryptocurrencies and non-fungible tokens (NFTs). Some visions are based around the concepts of decentralized autonomous organizations (DAOs), which seek to enable many people to have equal ownership and governance in an organization. Decentralized finance (DeFi) is another key concept, in which users exchange currency without bank or government involvement. Self-sovereign identity allows users to identify themselves without relying on a centralized authentication system like OAuth.

Key Features of Web 3.0

• Ubiquity

• Semantic Web

• Artificial Intelligence

• 3D Graphics

Followings crypto projects are already working on Web3.0:

Polkadot

Chainlink

Filecoin

THETA

BitTorrent

The Graph

Helium

Stacks

Basic Attention Token

Siacoin

Ocean Protocol

Golem

Civic

Steem

Band Protocol

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