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What is Web3? Why is Web3 future of internet? Know all about it.

What is Web3? Why is Web3 future of internet? Know all about it.

 

There have been two different internet versions thus far. Web 1.0, also known as read-only web, was the original version and it existed from the start of the internet in 1989 until the early 2000s. There was no interaction between the visitor and what was online; it was just there to provide information. You could either publish your own pages online or browse other people’s. I’m done now. Email was the only form of communication. Only a computer had access to the data, which was kept on a server.

The internet gradually changed into Web 2.0, also known as read-write web. It became accepted in 2004 and is still in use today. Through social media, comment sections, and other channels, this version enables users to engage with what they see online. 2.0 information can now be kept in cloud storage (hosted servers) and accessed by tablets, mobile phones, and even your refrigerator in addition to being stored and accessed just on personal servers and desktops.

WEB 3.0

Therefore, the answer to the question “what is Web3 (Web 3.0)” is essentially only that it’s the next stage in the development of the internet, coming after Web 2.0. Even while there isn’t a clear explanation of what this evolution would include, we can already see hints of what it will ultimately look like.

Beginners may find it challenging to understand what Web 3.0 is and how it relates to cryptocurrencies and blockchain technology. In this course, we will explain Web 3.0 and help you make the connections.

What makes Web 3.0 future of internet?

You need to understand the core inherent principles of Web3 to get this answer.

  • Decentralisation
  • Privacy
  • Permissionless
  • Built with native payments
  • Trustless

 

Every facet of how we interact will alter with the advent of Web 3.0, which is currently under way. It has the power to drastically alter how we interact with the digital environment. This new era returns power to you and takes it away from internet behemoths. We now have more control over our money, data, and time in the digital world thanks to Web 3.0 and blockchain.

We’ll go into more detail about what that implies in the following article, along with how it makes it possible to send money securely without using a bank or other financial institution. Have you prepared?

Web 3 Companies?

There are already a large number of successful Web3 instances. Solana, Polygon, Cosmos, and Ethereum are a few well-known Web3 networks. OpenSea, Coinbase, Ledger, and MetaMask are a few well-known Web3 systems. These platforms and networks frequently offer the sale of NFTs or cryptocurrencies like Bitcoin.