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LET’S GET DEEP INTO WEB 3.0 BASICS
LET’S GET DEEP INTO WEB 3.0 BASICS

January 23, 2023

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THE EVOLUTION OF THE WEB IN TODAY’S AGE

The web has evolved much more over the years, and therefore its applications of it nowadays are nearly unidentifiable from its most period. The evolution of the web is often categorized into three separate stages: Web 1.0, Web 2.0, and Web 3.0.

What is web 1.0? (1990 – 2005)

The 1st iteration of the web was web 1.0. Most of the users were a consumer of content and the developers who build websites that contained information served up mainly in text or image format.

Web 1.0 consists of sites serving static content instead of dynamic HTML. Information and content were served from a static filing system instead of a database, and sites did not have a lot more interactivity. You can assume web 1.0 is the read-only web.

What is web 2.0? (2006 – present)

In the web2.0 world, you don’t need to be a developer to participate in the creating process. There are so many applications built in a way that easily allows anyone to be a creator.

Most of us have primarily experienced the web in its current state, commonly referred to as web 2.0. You can assume web2.0 as the interactive and social web.

If you want to make a thought and share it with the world, you can. If you want to upload a video and allow people to see it, interact with it, and comment on it, you can do that too.

What is web 3.0? (Fast approaching)

Web 3.0 aims to solve so many shortcomings by fundamentally rethinking how we structure and interact with software applications from the zero level up.

There are a few fundamental differences between Web 2.0 & Web 3.0, but decentralization is common in Web 2.0 & Web 3.0.

Characteristics of Web 3.0

  • Permissionless – Anybody with an internet connection can use the network either they can access it or contribute to it.
  • Robust – A system can effectively perform while its variables or assumptions are changed, for a robust concept to operate without failure under a variety of conditions.
  • Stateful – It’s holding the state of the network connections as its own.
  • Verifiable – Capable of being verified.
  • Decentralize – There are no centralized servers to store digital data and run the applications.
  • Trustless – No third party is required between transactions
  • Self-governing – There are no central governing authorities to rule over the network. It is mainly ruled by its users who contribute to its maintenance.

In Web 3.0 developers don’t usually build and deploy software applications that will be run on a single server or that store their data in a single database.

Mostly Web 3.0 applications are usually run on blockchains, decentralized networks of many servers. These apps are often recognized as apps i.e., decentralized apps.

When you will hear about Web 3.0, you will get to know that cryptocurrency is also a part of it. This is because cryptocurrencies play an important role in many of these protocols. It provides tokens for everyone who wants to take part in contributing, creating, governing, or improving a project for themselves.

These protocols offer different services like compute, bandwidth, identity, storage, hosting, and web services commonly provided by cloud providers.

Benefits of Web 3.0

Web 3.0 is the future; it aims to empower users and maintain their interest in the web.

  • User privacy and security – There is no central authority to control user data
  • The end of internet censorship – There will be no central authority controlling content on the network
  • Decentralisation – The network will be owned by its participants and no one else is required
  • Monetisation – Users will get paid for their contributions to the network
  • Better content management – Users can have full control over what they merge to the network and the way it is used

Disadvantages of Web 3.0

For instance, without a central authority to moderate and filter some content on the network, some users will abuse the network to indulge in spamming, and hate speech.

  • The technology remains new – There are no normal protocols
  • It’s complex, with lots of technical issues involved, making it difficult to understand for the users.

Examples of Web 3.0

  • Steemit – It’s a blockchain-based blogging and social media platform. Users can gain a cryptocurrency, STEEM, for publishing content.
  • Brave Browser – It’s an open-source web browser, also its a private browser, which automatically blocks online advertisements & some website trackers in the default settings.
  • Falcon - It’s an open-source public cryptocurrency and digital payment system intended to be a blockchain-based co-operative digital storage & data retrieval-based method. 
  • Livepeer – It develops and operates a platform for decentralized video broadcast on the Internet. It combines a blockchain-based cryptocurrency token protocol with economic incentives and an open media server.

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Harshita C. Jadhav
Founder and CEO

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