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What Is Web3.0? - Technology Market - Nairaland

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What Is Web3.0? by Vykhi: 6:31pm On Jun 26, 2022
What is the meaning of web?, How do we come across web3?
What are the solutions web 3 is providing ?How is this good for crypto trading?





Let start from the word “web“ 
Web is the common name for the World Wide Web(www), a subset for the internet consisting of the pages that can be accessed by a web browser.Web pages are formatted in a language called Hypertext Markup Language (HTML). It this language that allows users to click through pages on the Web via links. The Web uses HTTP protocol to transmit data and share information.

 


How do we come across web3? 
Definitely before web3 there is Web 1.0, before improvement came then we have Web 2.0 , and here we are presently in web3



Web 1.0 is a read alone web experience also referred to Syntactic Web and user role is limited.
 On Web 1.0 users can read information on web pages driven by web browsers, HTML, HTTP and URL technology and there are no search engines like Google ,Bing, Yandex, CC Search, Swisscows, DuckDuckGo.

Web 2.0 is called Read and write web experience or the social Web and with some sense of centralization because it facilitates interaction between users and sites. Driven by mobile, social networks and cloud technology,

Web 2.0 users can read and write content on websites and applications and distribute it between sites. Tech companies like Meta (previously Facebook), YouTube and Twitter own most of the user data associated with Web 2.0. The data is highly centralized with these tech companies . This centralization of data (and power) and monetization of users is spurring the need for Web 3.0.






Web 3.0, also known as the third-generation internet, is the next evolution of the World Wide Web. It provides a data-driven Semantic Web employing a machine-based understanding of data with the objective of developing a more intelligent and connected web experience for users. 
Web 3.0 is highly decentralized, driven by machine learning and artificial intelligence, and leverages blockchain technology. The result is real-world human communication. Users retain control over their data and content, and they can sell or trade their data without losing ownership, risking privacy or relying on intermediaries.
Key to the innovation in Web 3.0 is the digitization of assets via tokenization. Tokenization converts assets and rights into a digital representation, or token, on a blockchain network. Cryptocurrency and fungible tokens are forms of digital currency that can easily be exchanged across networks, driving a new business model that democratizes finance and commerce.



Web 3.0 is a simple sentence :It simply refers to the next iteration of the internet that promotes decentralized protocols and aims to reduce dependency on large tech companies 

Solutions web3.0 is providing are 
-Uniqueness
-connectivity
-blockchain
-Artificial intelligence
-decentralization 



How is this good for crypto trading?

Web3 crypto has changed the accounting for crypto because it allows for more flexibility in trading. Web3 crypto is a quicker, more efficient way of trading crypto tokens and has ushered in an entirely new generation of blockchain upgrades that most people were not expecting.

-Decentralization finance
-NFTs etc

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