Web 3, The Third Generation Of The Internet, Is Called A Revolution In The Internet. Some Experts Believe That The Future Of The Internet Is Tied To This Technology.
Web 3.0, But what exactly is Web 3, and why has it been so much attention recently? What kind of technology is Web 3 going to add to our experience of communication interactions?
If you are one of those people for whom the concept of Web Generation 3 is new and unknown, join us as we continue to introduce Web 3.0.
The Internet has completely changed people’s lives and created many opportunities and challenges. The early version of the web was more like a newspaper where users could see content produced by organizations and companies.
With the advent of the second generation of the Internet, users had an irreplaceable opportunity to produce and publish content.
Web 3 is the new generation of the Internet, which is supposed to provide people with security, speed, privacy, and high-quality Internet services. Therefore, we decided to continue introducing and investigating this emerging phenomenon (third-generation decentralized Internet).
What is Web 3 (Web 3.0)?
In the simple definition of Web 3.0, it should be said that this technology is a new generation of the Internet or the global wide network based on blockchain and includes the concepts of decentralization and token-based economy. In fact, with the implementation of Web 3, the Internet is less dependent on companies such as Facebook and Google and relies more on decentralized networks.
If we want to describe the main motivation for developing this technology in one sentence, it should be said, “The main goal of creating Web 3 is to decentralize the Internet, which is currently the monopoly of only a few large companies.”
These days, a few big companies have monopolized the Internet and reserved the privilege of providing related services. The third-generation decentralized Internet relies on blockchain technology and artificial intelligence to bring the Internet out of the monopoly of large tech companies and into the hands of ordinary people.
There is no doubt that such an idea is beneficial. This type of Internet can be one of the characteristic features of romantic ideas that follow the concepts of information technology freedom.
But unfortunately, the technologies required for the development and progress of Web 3.0 are still in their infancy and have a long way to go to evolve. An Internet startup like Web 3 in the future promises a bright and attractive future for anyone worried about the dominance of big companies like Meta (Facebook), Amazon, Microsoft, and Google on the Internet and controlling users according to their wishes.
What is the importance of Web 3?
In Web 1 and 2, the ownership of users’ information and their content is with large companies. Users have no role in the development of the platform. In Web 2, platform developers can censor information or block user activity for multiple reasons.
The importance of Web 3 is that it wants to bring decentralized, secure, user-governed, and censorship-free web platforms to users.
The differences between the three web generations; The difference between the 3rd generation web and the 1st and 2nd webs
Web 1 or Web 1.0 was the first version of the Internet made available to the public and caused the previous Internet services, such as ARPANET, to be ignored. Of course, this version of the Internet was quite simple and primitive compared to the current Internet.
In this period, the Internet was just a collection of read-only pages; no real interaction was seen in its space. In addition, at that time, most of the websites were managed by individuals or small companies, and the Internet giants we see today did not exist at all!
With the emergence of Web 2.0 in 2004, the situation changed. In this era, sites became interactive, social networks were created, and large companies took control of the Internet and dominated them. Of course, there were still people who had personal websites; But their number was much reduced compared to the era of Web 1.0.
At that time, many businesses’ tech giants, such as Google and Facebook, were run just like websites. Before 2004, people did not even imagine such events and capabilities were possible only through the web.
Features of the third-generation Internet and its comparison with Web 2
What sets the 3rd generation web apart from previous versions of the Internet is its decentralization. Of course, this version of the Internet is considered interactive, like Web 2. Web 3 technology is a decentralized version of Web 1.0 and Web 2.0. That is why it is called third-generation decentralized Internet.
The big US IT companies, Google, Amazon, Apple, Meta (Facebook), and Microsoft have little or no control over this version of the Internet.
How does Web 3 work?
As we said earlier, the main technology used to create Web 3 is blockchain technology, which is the same technology that underpins cryptocurrency and non-fungible tokens (NFTs). In some cases, the term 3G web is used for anything related to cryptography.
Decentralized applications, or dApps for short, can be described as Web 3 projects that run on the Ethereum blockchain.
Of course, these days, Web 3 projects have become much wider, and multi-purpose apps have also been introduced, which, in addition to the Ethereum network, can work with other networks such as Smart Chain, Solana, Cardano, etc.
In the future, Web 3 may be used to remember any activity that can be done with Bitcoin and similar currencies—people who want to develop this version of the Internet plan to use decentralized memory to store data.
Therefore, instead of storing and maintaining the data in several server locations, it is distributed throughout the Internet. The way data is transferred is recorded in a digital ledger called a blockchain. Such a process makes the data transfer flow very transparent and prevents abuse.
How does Web 3 change the world?
The 3rd generation web is a new blockchain-based technology that prevents misuse of users’ information and transforms the future of the Internet with its attractive features. Decentralization, distribution, use of artificial intelligence, dealing with monopolies, and sharing benefits among users can change the digital world.
Advantages of the third generation of the Internet
Regarding the benefits of Web 3, it should be said that the Internet’s decentralization can benefit many people. Because if this happens, you can access the Internet anywhere. Such an approach may even make Internet access possible for a third of the world’s population who have never used the Internet.
Also, according to the promises made, with the expansion of the use of such an Internet, one can benefit from the capabilities of artificial intelligence to deal with abuses caused by bots or click farms.
Therefore, it is no longer possible to use a robot instead of a human, or it is no longer possible to make money from click ads by providing unrealistic statistics of clicks and deceiving people who want to advertise with this method.
People who intend to develop Web 3 technologies, or the third generation decentralized Internet, have promised to make it much more difficult for companies such as Google and Meta to completely control the Internet by combining system transparency and artificial intelligence so that these companies can no longer completely prevent the Internet as they do now. Be dominant. In addition, all people’s access level to this version of the Internet is the same, at least on paper.
Disadvantages of Web 3
One of the disadvantages of Web 3 is the inability of its users to remain anonymous. As we said, this version of the Internet has a very transparent system, and its users are always identified. It should be noted that it is impossible to transfer cryptocurrencies like Bitcoin anonymously. Nothing is temporary or hidden in the Web 3 system; many users don’t like complete transparency!
It should be said that the impossibility of remaining anonymous is one of the biggest disadvantages of the third generation of the Internet.
Of course, Web 3 has another big flaw, which can be said to be the biggest in all fields, and that is the theoretical nature of this technology. This idealized version of the Internet is currently only on paper.
Although creating a completely decentralized internet that big companies like Google and Meta do not control is a lovely idea, as we said before, none of the technologies necessary for developing Web 3.0 have been fully and sufficiently developed.
For example, blockchain is a great technology, but its development process is disappointing. Meanwhile, machine learning (ML) technology has not yet been developed enough to be used to create advanced networks.
Conclusion
In any case, a freer Internet is an attractive idea, and even if Web 3 does not materialize, other similar technologies will no doubt be introduced. In a few decades, this technology will be fully spread throughout the world and all structures, showing us that it can be entrusted with more tasks besides interacting with the Internet.
The most important thing about Web 3 is that this idea has a long way to go until it is fully realized, and certainly, along the way, newer ideas will be added to it that can increase its scope of use and application from what is imagined these days. And reach higher levels.
Frequently Asked Questions
In the rest of this article, we will examine and answer some frequently asked questions about Web 3 and the future of the Internet.
What is the importance of Web 3?
The importance of Web 3 is that, unlike Web One and Web 2, it wants to bring decentralized, secure, user-governed, and censorship-free web platforms to users.
What is the role of Web 3 in the future of the Internet?
Web 3.0 is the new generation of the Internet, in other words, the future Internet, which is supposed to provide security, speed, privacy, and high-quality Internet services to human society.
What is the relationship between Metaverse and Web 3?
Metaverse is a virtual world where users can experience many real-world activities remotely, at a lower cost, and with the same sense of reality. With this explanation, we can say that Metaverse can be a part of the 3rd generation web because it has all the important features of the 3rd generation web.
Today, web three networks are also used in a broader sense for buying and selling digital currencies, and one of the reasons for using these networks is the high security of these networks and their high reliability.
How does Web 3 change the world?
The 3rd generation web is a new blockchain-based technology that prevents misuse of users’ information and transforms the future of the Internet with its attractive features. Decentralization, distribution, use of artificial intelligence, dealing with monopolies, and sharing benefits among users can change the digital world.
How does Web 3 work?
The main technology used to create Web 3 is blockchain technology, cryptocurrency’s underlying technology, and non-exchangeable tokens (NFTs). In some cases, the term 3G web is used for anything related to cryptography.
Decentralized applications, or apps for short, are examples of Web 3.0 that run on the Ethereum blockchain.
How to invest in the next generation of the Internet
Undoubtedly, the future of investing in the 3rd generation web is very bright. In Web 3.0, no bank or government body is involved; therefore, the government cannot control people’s accounts, which is one of the special features of this type of network.
Platforms are one of the topics discussed in decentralized networks and third-generation decentralized Internet. By investing in platforms like Ethereum, users can benefit from the unlimited capabilities of these platforms and earn rich profits.