As we know, necessity is the mother of invention. So, the concept of Web 3.0 or Web 3.0 appears to solve some questions:
The web 3.0 revolution will utilize decentralized protocols such as blockchain, the technology used to facilitate cryptocurrency transactions. By addressing the key issues of data ownership and control, it hopes to address some of the major setbacks and shortcomings of the current internet age. Let’s take a look at things from a different perspective.
Today, a huge portion of the world’s population relies heavily on internet-related services provided by big technology companies. Unlike Google, Apple, and Amazon, these companies dictate what services their users can use and act as middlemen between their users and their wants.
However, Web 3.0 operates on a decentralized network and doesn’t require permission. In other words, internet providers do not have the authority to impose their will on who uses their services. They also do not serve as intermediaries between users and their needs.
BlockchainTechnology is one of Web 3.0’s key features. Decentralization is at the heart of web 3.0 which is built upon blockchain technology. With blockchain technology, data is decentralized, open, and can be distributed. So users own their data and are free to trade them without worrying about losing ownership, losing privacy, or depending on intermediaries. In addition, it allows you to log in securely over the Internetwithout being tracked by anyone.
Also, the use of blockchain-based tokens and cryptocurrencies in Web 3.0 are important aspects of the potential internet era. Among other things, users can earn rewards for their contributions to the platform’s growth by transparently monetizingand contributing to online upgrades.
As a result of the advancement of artificial intelligence, useful predictions can now be made, and sometimes even lifesaving actions can be taken. In spite of the fact that Web 2.0 had its share of AI, it is still largely human-driven as long as the big tech companies control the majority of internet traffic.
It is therefore inevitable that corrupt behaviors, such as biased product reviews, rigged ratings of some internet services, and human errors will continue to exist. Customers are able to leave feedback on most internet review services. It is unfortunate that companies sometimes hire large groups of people to write excellent product or service evaluations.
In reverse, people may be paid to rate poorly and write negative reviews of an app or service. It is the goal of Web 3.0 to reduce the incidence of such manipulations. Artificial Intelligence is a key component of the internet since it assists in distinguishing between legitimate and fraudulent actions, thereby providing more accurate information to user
In a metaverse, users work, learn, play, entertain, and play games with other people. Based on a variety of technologies, but mostly on Virtual Reality (VR) and Augmented Reality (AR).
The company’s blockchain projects make use of fungible (dividendable and exchangeable) tokens that are used to buy digital assets of the world like virtual land or outfits for avatars. Metaverse is still at an infant stage and hasn’t been fully developed. Internet users and technologists see great potential in this technology even at that level.
Self-governing, stateful, robust, and with native built-in payments, Web 3.0 is self- governing. It exhibits the following characteristics
Web 3.0 data is stored in blockchain, so no single system has access to it all. It is dispersed across multiple platforms. This facilitates decentralized access and increases the chances of failure.
The Internet can be accessed by users without requiring special permissions in Web 3.0 . Users will not need to disclose their personal information to access specific services. There will be no need to ompromise privacy or share any other information.
Unlike Web 2.0, Web 3.0 is more secure since decentralization makes it more difficult for hackers to target specific databases
Decentralized applications run on a blockchain can be referred to as Web 3.0 in the context Ethereum. Participation in these apps is free of charge and your personal information is not monetized.
As part of this next generation of the internet, blockchain technology and cryptocurrency are used to promote decentralization. The Web 3.0 platform is designed to give users access to their own data. As a result, individuals will be able to provide services to each other and control the aspects of the internet that they use without having to rely on the big tech companies.
Some examples of web 3.0 applications are
Bitcoin: World’s largest cryptocurrency is a perfect example of a decentralized transaction.
Apple Siri: Perfect example for Web 3.0( Web 3.0).In the year since Siriof the 4s model, the AI assistant gave more expanded capabilities.Siri is a complicated and personalized platform by using speechrecognition and AI tech.
Opensea: It is a blockchain-based marketplace for purchasing &selling NFTs.
Google Cloud: The tech giant announced to beef up Web 3.0 into a cloud system.