Web 3.0. is a phrase used to refer to the World Wide Web’s foreseeable future. It is the next iteration of the internet’s evolution. The system includes the technology and ideas at the core of decentralization, including blockchain, cryptocurrencies, token-based economies, decentralized apps, DeFi and crypto domains. All of these aim to establish a decentralized, autonomous, secure network that guarantees users more control, privacy and anonymity.
One of the principal aims of Web 3.0 is to also provide an internet system where websites and apps will be able to process information in a clever, human-like manner using technologies like machine learning (ML), decentralized ledger technology (DLT) etc. This next stage of web development aims to increase the intelligence of the internet to the extent of running smart programs that will assist users more.
Also, the decentralized internet system that Web 3.0 proposes would be a significant improvement over our present internet generation (web 2.0), in which data is primarily held in centralized repositories and users have little or no control over their data and online presence.
Overall, the core structural changes by decentralization definitely shoot web 3.0 ahead of its predecessors in many ways. Let us consider some of the distinguishing features of Web 3.0 that make it stand out as a powerful force in the internet’s future.
The Semantic Web
The traditional web system is mainly dependent on a keyword scheme, making information access relatively difficult. However, Web 3.0 extends the internet system to the point where it can better interpret the meaning of information in order to better serve users.
The search and analysis tools of Web 3.0 would place a higher focus on grasping word meanings and context by analyzing massive amounts of Web data, such as text, language, and interpersonal interactions, to give correct information. In a nutshell, web 3.0 gives information upon proper analysis that is based on the ability to comprehend the meaning of words rather than simply keywords.
Artificial Intelligence (AI)
Artificial intelligence is a fundamental component of Web 3.0. By combining semantic skills and natural language processing, Artificial Intelligence can help computers and devices grasp information in the same way that humans do to produce faster and more effective results. This will allow for more relevant outcomes in a variety of fields and would undoubtedly be a huge improvement over the current system.
Ubiquity
The concept of ubiquity in Web 3.0 means that there is unrestricted access to the internet. This means that with Web 3.0, there are no access barriers to accessing the internet, ensuring internet availability to anybody, regardless of location or time, and without any limits. Therefore, users can connect to the internet and access content and services at any time and from any location.
Blockchain
With its capacity to establish decentralization, blockchain offers a solid foundation for data storage. Blockchain technology is in fact essential to the success of Web 3.0. This is because the information in Web 3.0 is stored across multiple databases, allowing data security, anonymity, and privacy, which are the primary focuses of Web 3.0.
Connectivity
Web 3.0 intends to provide users and devices in the ecosystem with seamless connectivity. This will promote user participation as well as information access and exchange.
Decentralization
One of the primary goals of web 3.0 is decentralization. The technology intends to build a web system in which control is spread rather than centralized in a single entity. Crypto domains are one of the primary web 3.0 use cases that will be vital in this cause of decentralization. These domains are poised to replace the traditional domains that are controlled by a central entity.
Crypto domains, as an alternative to these central entities, will create a system based on blockchain technology, freeing censorship, surveillance, cyber-attacks, and other unfavorable features associated with a centralized system.
Permissionless
Since web 3.0 is decentralized, it produces a self-contained web system that is not reliant on middlemen. As a result, unlike the traditional web, where users could only access the internet through intermediaries such as Facebook, Google, and so on, users can now access the online without the consent of any intermediary.
Anonymity and privacy
Central authorities like Icann have surveillance authority over web users in the traditional web system. Big tech intermediaries also have unfettered access to users’ data and can do whatever they want with it. This is not the case with web 3.0 because the system’s decentralized structure does not delegate authority to a single body, and data is stored on blockchain technology.
Anonymity and privacy are, therefore, key properties of the blockchain, which is the technology that underpins web 3.0. This implies that with web 3.0 if users choose not to expose their identities, they cannot be discovered. This feature protects users’ privacy while simultaneously improving security.
Security
One reason why security is considered more solid in a decentralized network like Web 3.0 is because it is based on a system with no single point of control. The fact that it has no central point of control, therefore, also means that it has no single point of failure. As a result, it is more likely for a decentralized system to withstand cyber attacks or threats than a centralized system.
In fact, there have been many incidents of data breaches, hacking and other kinds of cyber attacks carried out successfully on the conventional web system, which further stresses the need for web 3.0.
Conclusion
It is possible to draw original conclusions about the possibilities of Web 3.0 by taking a deeper look at its most prominent characteristics. With the key features that the system possesses, it is glaring that it is a significant improvement over conventional web 2.0. system.