What Is Web 3.0

Web 3.0 is the third epoch of the world’s comprehensive web technologies. The Web, also known as the world wide web, is the fundamental layer of the internet and how websites and applications will use the internet.

Still, you don’t understand what is web 3.0? Web 3.0 is evolving and changing the way of using the internet, but not any specific definition world accepted. Web 3.0 greatly emphasizes decentralized apps and uses Blockchain Technology more.

What is web 3.0 on what is it based? The answer is  Web 3.0 also uses Artificial Intelligence and Machine Learning, empowering intelligent applications more.

It took almost 10 years to transfer from Web to web 2.0, and it will take as much time as ten years, if not longer, to reshape the Web with Web 3.0 completely. Still, more than half of the population on earth has questions about what web 3.0 is and how it works.

If the trend has not changed, as web 1.0, peoples read the websites and do not interact with it to web 2.0, where peoples read websites and interact with each other and via social Websites enabling users to collab with watch other. So as per trend, it is assumed that how people interact and websites are being made will change.

How Does Web 3.0 Work

Web 3.0, the third generation internet, is the subsequent extensive evaluation of the world wide web. HTML (Hypertext Markup Language) defines the page layout and content delivery using web 1.0 and web 2.0. Also, the HTML will remain the content delivery source with web 3.0, but where the data source resides and how it connects will be the difference in web 2.0.

All applications and many websites with web 2.0 rely on a centralized database to deliver data. But with web 3.0, all applications and websites will use decentralized Blockchain to provide data instead of centralized data. The idea is to have no central authority but distributed data.

Do you know what is Web 3.0 crypto? Web 3.0 works with cryptocurrencies, which means paying with a decentralized way of transaction which peers to peers and is more transparent than other ways. Enabling services and settling in a decentralized way with cryptocurrencies make it possible with web 3.0.

Key Features Of Web 3.0

Web 3.0 is constructed with AI and Semantic properties having an idea in mind of providing quick and relevant data to the end users. A website using Artificial Intelligence always filter the data and analyze then provide data that user like.

Here are what is Web 3.0 key features that define what the third generation of the world would be.

  • Blockchain-Based: Blockchain is the reason for creating decentralized applications and other services. Blockchain also has a public ledger that enables verifiable transactions, making it more transparent.
  • Decentralized: Unlike web1.0 and web 2.0, where data is centralized, web 3.0 will be decentralized. Applications and services will be disturbed, and there is no central authority.
  • Artificially Intelligent: The critical feature of web 3.0 is artificial intelligence. Also, AI powers more automation and intelligence.
  • Cryptocurrency Usage: The key feature of web 3.0 is cryptocurrency usage and replace of faint currency.

Web 3.0 Applications and Examples

Web 3.0 with Blockchain technology increase the usage of applications and technologies. Some examples are as follows.

  • Cryptocurrency: Cryptocurrency, mainly Bitcoin, is created on web 3.0 and is the world’s new currency. It is different from world fiat currency and will overtake all other currencies due to its decentralized property.
  • NFTs: Non-Fungible Token (NFT) is an artist’s work stored in Blockchain with a unique address and makes the individual token unit.
  • DeFi: Decentralized Finance (DeFi) is a use case of web 3.0 where Blockchain is used, enabling the Banking system to confine the traditional approach and make it more transparent and Quick.
  • dApps: Decentralized Applications are the apps developed on Blockchain and use decentralized intelligent contracts which enable delivery in a programmatic way that Is logged in Ledger.

This is all about what is web 3.0 and does it works. Why do we need to switch to web 3.0? Transformation can understand this once you know what is web 3.0.

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