What is web3?

Web 3.0 is an idea for a new iteration of the internet that is based on public blockchains. The term was introduced in 2014 by Gavin Wood and the idea gained popularity in 2020 and 2021 from larger cryptocurrency enthusiasts, large technology companies, and others. Before web3 or web 3.0 the web 2.0 or web 1.0 was introduced. The major stream of web 2.0 was to introduce the web as the content platform which made it easier to publish major content on web platforms.

The major idea of web 3.0 is decentralization. This means all the content published on the web will be divided into major segments for better searches and divided content to large companies.

What is the difference between web 1.0, web 2.0, and web 3.0?

Web 1.0

These protocols TCP, IP, SMTP, and HTTP were introduced which are open source internet protocols from the 1970s and 1980s. It was designed in the spirit of openness and inclusion. Without anyone's consent, anyone might build on top of them.

Web 2.0

Web 2.0 is a bit different and more advance than web 1.0. As it is a bit difficult to monetize open source It strategy was based on the creation of proprietary, closed protocols on top of the open protocols of the internet. Several of these companies are now the most valuable in history, and we must trust models that sell user data and opaque code, even while we use them for free.

Web 3.0

Like Web1, it's an open-source protocol but owned by the crypto economy. Regardless of your traditional organization, your code will run as written. Focus on open source software, user ownership of data, and unauthorized access. Create a common sense of identity and collaboration.

What are future considerations on Web 3.0?

As the technology is being enhanced day by day with the latest innovations Web 3.0 has already been introduced in many large companies. The future considerations of Web 3.0 accept are true as it’s already here; non-public assistants like Siri or Google Voice and our ever-growing reliance on the Internet of Things approach that simplified searches and intuitive capabilities are already available. So to reply to this question, we ought to ponder what we need to look at from Web 3.0.