What Is Web 3.0? Features, Definitions, & Examples
web 3.0 represents the 3rd generation on the Internet, a global network that allows smart interactions between all its devices and users.
We will now try to explain what we are doing…
Internet 1.0 was the early Internet that was in existence until 2000. In the beginning, websites were simply places where that allowed you to read content on servers and interact with them using simple methods. The search engine was there and e-commerce websites such as Amazon or eBay.
The Web 2.0 arose following the turn of century. It was much more interactive, much better collaborative and more reliable. The technical explanations for this that was the case, not the least of which was the quickly increased bandwidth that was available to users, as well as servers. It was this new version of the internet that brought us phones and smartphones for mobile computing. The Web 2.0 could allow near-real-time interactions and so collaborative activities was possible. Social networks such as Facebook or Twitter were a part of this, however, so were games that graphical multiplayer. This also saw the birth of Big Data and the machine algorithm for learning that went through the data.
web 3.0 is defined by intelligence. It’s not just when it comes to interactions between people or websites but also between the software as well. There’s more to it than that. The distinction in Web 2.0 and Web 3.0 includes a variety of aspects.
We’ll go over them in turn.
The Underlying File System
The Web 1.0 and Web 2.0 is defined in the HTTP protocol as well as the basic file systems it gives access to. The protocol permits access to resources (via URL) and documents, in particular HTML documents.
It is a protocol for client-server that is currently the basis to all information exchanges across the Internet. The term”client-server” means that there exists a request side (a client, typically an internet browser) that requests information from the server (a computer that delivers information , usually web pages or portions that comprise web sites).
The protocol is based on the operation that it is based on Domain Name Servers (DNS) servers. There is a huge network of DNS servers, which comprises 13 root servers.
It is possible to think of DNS server as being a sort of postal system that responds to the request that you make to your browser using HTTP. HTTP protocol. They will forward your message to the email address that you indicate, which could be something like:
If the website.com is notified it will send you a message back with the webpage you’re looking for, via this same postage service.
It might be more complicated than it sounds. It could include multiple messages, which could include ads you don’t wish to be exposed to. However, all of it happens via a postal service.
In the event of Web 3.0 that mechanism will be altered. In fact, we could prefer to call the process Internet 3.0.
The technology that is likely to be used to replace current DNS system is known by the name of InterPlanetary File System, IPFS abbreviated.
Why was it not named the InterStellar Files System or even the InterGalactic File System? Maybe its creators were not ambitious enough.
IPFS is a similar system to the HTTP protocol. IPFS can also be viewed as a post service, however, it’s not centralized around a set of root servers as is that of the HTTP protocol. The purpose behind the development of IPFS that is a product of the blockchain tech, was to build an open-source file system that was modeled after the model of BitTorrent The streaming service for files that is often utilized in order to download as well as share video as well as music.
IPFS is a way of separating the act of looking for information from retrieving it. It does this by using the power of content address.
Content address is a mathematical trick that applies a hashing algorithm on material (such as a website page) and generates an individual key that serves as the address. To make a long story short, you give the address of your network and the server that has the data forwards the address to you.
IPFS has many advantages over HTTP. It has many advantages over. Here’s the list:
- It’s more secure (and SSL is no longer needed).
- It stores all versions of a file and also the actual file.
- The data is distributed across multiple locations. For instance, a site is not on a specific server, and might not even have an exact origin server however, it’s within the system of files.
- Since the address is tied to the content and is not required to be updated if the content is relocated.
- There’s no difference between a server and a client. Keep in mind that it’s similar to BitTorrent in which there are many servers (both holding and requesting data(including your own device).
- It’s considerably more efficient than HTTP.
- It’s transport-layer neutral that means it will operate on any layer of transport (from TCP to Bluetooth)
If IPFS succeeds, these advantages will become Web 3.0 benefits.
Digital identities are a different technology that was developed by blockchain technology, and could become the most significant aspect that will be a part of Web 3.0. It is evident the fact that Web 2.0 is infested with cybercrime, dark deeds of all kinds including identity theft and click fraud.
It occurs because connections between computers isn’t correctly authenticated, and at present is not able to be authenticated. Let me explain it.
With web 2.0 servers, a server can’t know whether the software it’s accessing is actually the thing it claims to be: a browser controlled by an identifiable human. Also, on the other hand of the coin it is able to determine what server and files it’s accessing the ones it is attempting to access.
But, if all the parties in the transaction had an authentic identification, then fraud or deceit is much harder to carry out. Thanks to Digital IDs people are able to only have one valid identity, as every ID must be linked to a distinct credential, such as birth certificates. Additionally, companies are able to only have one valid identity. In the case of all other things (hardware as well as software) that are involved in the communication between server and client and server, they are directly linked to a specific identity of either an individual or an entity.
Additionally due to the amazing technology, which goes under the name of zero-knowledge-proof It is possible for any side to establish their authenticity without revealing their identities.
Digital IDs are a key component of two characteristics in Web 3.0:
- The massive reduction up to complete elimination of cybercrime.
- The user will have the ability manage and access their personal information.
Blockchain technology is essential to Web 3.0, in several ways. We’ve discussed two aspects in the past: bulletproof Digital IDs as well as the distributed file system. One of the most important benefits is its capability to create cryptocurrency in particular, and the capacity to make use of these currencies to create micropayments.
This is due to the lower price of a transaction using cryptocurrency. In the world of non-blockchain the price of a debit or credit card transaction is determined as a percentage of the amount plus a fixed amount (say 10-cents). The seller is the one who pays. Thus, sellers won’t accept credit card payments for products that cost less than $10.
The price of a blockchain payment tends to be less. In reality, it differs considerably between cryptos due to the way in which the blockchain is structured. Examples of low-cost transactions include an EOS transaction that cost $0.0105 and the TRON transaction of $0.0000901 (measured at the end of March, 2018).
With these low transaction costs that it is possible to sell goods at a fraction of a cent. A couple of cents could be the price paid for reading an article in local or national newspapers or magazine. The ability to charge per article in this is a way to revolutionize publishing on the web. Cost-effective sales of goods and services will become an actuality in the coming years with Web 3.0.
One could argue that the most significant contribution is the automated trust. This goes beyond the security that blockchain provides through digital IDs , by creating an internet of trust.
Certain blockchains allow to create “smart contracts”, programs that are linked to the blockchain and are executed when they are triggered by an event in the blockchain. The most important thing regarding smart contract is that their codes are the contracts.
Smart contracts are more secure than a legal contract. Contracts that are legal in nature must be enforced via law enforcement, which is different in its reliability from one location to another , but is never 100% reliable. The outcome of a legal challenge to the legality of a contract is not sure.
But smart contracts can be relied upon 100 percent. A basic instance of a agreement is demonstrated by the movement products through supply chains. The goods are shipped by way of an RFID tag that records their location once it is read. When the items reach certain places, the smart contract will instantly initiate payment, whether for transport as well as for warehousing and import obligations. So, payments are reliable and are guaranteed to be 100% successful.
In reality, intelligent contracts could be much more complex than this example. They are able to cover a variety of situations that are legally covered which reduces the risk of fraud.
Semantic Data and Information
Another aspect that is part of Web 3.0 is the presentation of data in a semantic way. We won’t go into the technology behind it in this article however you can get an idea of it by using the Google Knowledge Graph which places blocks of well-organized data on the right of the results of your searches.
If you’re unsure of what I’m talking about try a search for “Galileo’s trial”. Note that Google provides you with a brief overview of the topic you’re searching for and the typical list of hyperlinks. That’s the Google Knowledge Graph.
Now, try searching for “Who attended Galileo’s trial?”
As of now, the issue isn’t easy for Google to decipher. But it might be have a better understanding of the meaning behind the question and also if the websites it surveyed arranged the metadata they collect in a semantically-friendly way.
Okay, it’s academic, not economic.
Now you’re thinking about looking for goods. Here is that the power of commercialization of Web 3.0 is into. Today in the US there are more searches for products that occur on Amazon than Google. But neither of these web 2.0 giants is able to answer the most specific questions about products, such as “what is the best deal available for a 55″ HD TV that can be delivered within two days.”
From the standpoint of the consumer an answer that is practical for this question could serve up a variety of options that could be a better choice than just a collection of links to websites.
The capability of this kind is expected to be part in Web 3.0 by virtue of semantic technology. It will spare buyers and sellers a lot of time in the selling cycle.
Software Negotiating With Software, Bots for Everyone
The concept we’ve grown familiar with is “browser and website”.
There are browser plugins available that offer certain services to us (clipping duplicates of websites and filling in passwords, blocking ads and more.)
On the web side Websites have been largely nonresponsive to their users except for the giants of the internet with huge sums of money that have the resources to afford Big Data AI and thus software that can respond to users in real-time.
The concept of Web 3.0 will be different. Users will start to think of what we consider the browser as a form of operating system, which runs applications. What we consider as plugins will be our apps, and although they’ll still be able of showing us videos or documents like before, certain apps can do many more things.
For instance, a shopping app can help its user buy, for instance an automobile, by collecting information from the owner and then going on to locate suitable websites that the user can click. The ultimate goal is that the software will be able to assist users through the entire purchasing process, which includes bargaining for a reasonable cost.
Similar to how hackers and certain websites have bots and bots, in Web 3.0 users will be able to purchase and set up bots to can serve them directly. Bots are, at the end of the day simply applications.
The development could take some time because it is dependent on the growth of digital IDs as well as the quality of semantics.
AI and Big Data, for Everyone
The majority of web users are conscious of ads on the internet that are displayed on the internet, or the advertisements that Facebook shows in front of them or the Amazon efforts to entice users to purchase something “they might like” when they’re about to make an order. In the case of websites with large budgets, both weapon in the form of Big Data (your information mostly) and AI give commercial firepower which puts customers in the disadvantage.
However, intelligence could be a dividing line. AI can also benefit people if they can take charge of their data and work on ways to use it. In conclusion the context of Web 3.0 the possibilities of AI will likely to expand but at the expense of the major players.
3D Graphics will make an impact that is not only in the realms that are online gaming and other entertainment. It’s likely to be utilized in healthcare, education real estate, education, and many other areas of commerce online. It’s also possible that at some point, people will create and utilize their own avatars 3D.
While it is possible to view blockchain-related technologies (Distributed file systems Digital IDs micropayments etc.) as being related to advances, 3D Graphics is simply an evolution. It was bound to evolve over a certain period of time, but it is coming to maturity alongside other web 3.0 technologies.
Complete Connectivity (Ubiquity)
With time, Web 3.0 will remove some of the problems that were present in Web 2.0.
It is possible for that the Web to be accessible across any device (pad smartphone, mobile phone desktop) in a seamless manner. It is expected that the Internet of Things will join the fray, making every home device being controlled from anywhere and, when appropriate can be used as a device for web access.
In the end, this means your identity, along with the vast majority of items you own, as well as all of your personal information and all software capabilities you are entitled to utilize are linked and be able to cooperate.
When Will Web 3.0 Happen?
New generations of technology aren’t born on a particular date. In fact, Web 1.0 didn’t happen on an exact date.
It was when the first browser was launched in a functional state. At the time, there were hardly any websites. It is possible to say that it started as websites began to expand. However, in reality, it wasn’t before the very first internet search engine came out. But, it’s possible to claim that it wasn’t happening at the time, but rather when the first e-commerce websites were launched.
The thing is that it has slowly come into. The Web 2.0 featuring its social gaming, multiplayer networks as well as big data-based algorithms had a long time to become a reality.
3.0 of Web 3.0 can be described as the identical.
Maybe you awake one day and discover that your browser is a collection of bots doing useful things for you. that you’ve got an Digital ID and that you are able to interact with intelligently the Internet. In that case, you’ll be able to proclaim: “Oh yes, this is Web 3.0.”