Hi, I hope you are doing well. Today I'm going to talk about Web 3.0 in depth and its pros and cons. So, keep reading to know more.
Before talking about Web 3.0, we should talk about Web 1.0 and Web 2.0. So,
What is Web 1.0?
In the early days of the Internet, the Internet was considered like a newspaper where many people visit specific websites to read the content they want. There was no interaction between the user and the Internet.
What is Web 2.0?
Then came Web 2.0 which we use today. It enables the user to interact with the Internet. Interactivity means that it not only allows the user to read the content, but it also allows them to create their own content and publish it on the Internet. They are YouTube, Facebook, Instagram, Blogs, Podcasting, Wikipedia and all social media that allow the user to publish their content online and also allow them to connect with other people around the world.
Now we should know what is Web 3.0 and where does the term Web 3.0 come from, so keep reading...
Where does the term Web 3.0 come from?
You must have heard about crypto and there is one cryptocurrency named Ethereum, the Co-Founder of Ethereum 'Gavin Wood' has introduced the Web 3.0 which will give us different experience.
What is Web 3.0?
Web 3.0 or Web 3 is the internet of next generation. It will be a decentralized network which is meant by internet will become distributed that is more secure and more private than the current internet and it will allow the user to make decisions and set their own rules.
Why we need Web 3.0?
Before knowing what is Web 3.0 we should talk about why we need of Web 3.0 ?
Reason is that there is only one or two major companies that rules the internet. i.e. Google controls the 87% of the search and Facebook that has reaches 3.6 Billion people each months because of Meta.
The problem is who allows these companies to control internet and collect users data. The data that they collect is used to show ads. Sometimes ads are convenient but privacy becomes the major problem.
One interesting thing I would like to tell you that Apple has introduced a new feature in its iOS 14.5 in which a user can choose by itself which app can track him and the Facebook faced a problem that Apple iOS privacy change will result in $10 Billion revenue hit this year from the iPhone feature.
Let me give you one more example of these days, there is a browser called Brave Browser. You will also get paid if you use this browser to browse and view advertisements. Now let me tell you how it actually works, Brave Browser gives you a token and you can choose how many ads you will see when you start browsing at a certain time. Let's say as in Web 2.0, you're spending your time watching ads on a video on YouTube and you get nothing and the publisher gets paid. The purpose of Web 3.0 is when the user spending his time to view ads, he should get paid too. That's why Brave Browser gives you token so you can exchange it with crypto and you'll be get paid in form of cryptocurrency.
Advantages of Web 3.0
- Anonymous Single Sign-on
Nowadays, when we use internet and visit a lot of websites. Then every website asks us to give them our sensitive information and every time we have to create a new account. Now Web 3.0 solving this problem that why we need to provide our sensitive data to any website. Therefore we might get facility of anonymous sign on. Where we have to create our user account once and we can anonymously sign on every website and it give more security.
- Self Governing
Users of any websites can make decisions and set their own rules. For example, today Facebook set rules for all of us and in the future users will have power to set their rules. It might also be possible that there will be no censorship.
- Better Search
Currently if we searching something via voice assistant then we have to speak particular sentences but in the future we can speak with voice assistant in a natural way as we talk with our friends. A lot of people thinks that Metaverse will implement all of these applications because there will be a different virtual world. Imagine, you're wearing VR glasses and you are in a different world which is totally digital.
At that time search will make more sensible options. All the businesses pay much for SEO 'Search Engine Optimization' these days that when anyone search then their results should be at the top of the search results. The Web 3.0 also solve this problem and they can easily natural keywords.
- Personalized Browsing Experience
Nowadays, when we use internet and visits a lot of websites and sometimes most of the websites looks similar and if we talk about ads, they are personalized because of our search. Imagine that you have taste like movies, sports, technology or something else then the websites would be change according to your taste. We might get this experience with the internet of 3rd generation Web 3.0.
- Uninterrupted Servies
We heard that services can be down, as WhatsApp services has been down recently. There's no more need to be worry because Web 3.0 will solve this problem. As we have talk above that it is based on Blockchain and everything is decentralized. In future if Facebook or WhatsApp services becomes down then it couldn't be completely down because everything is decentralized and our services will never be down. This is the major problem that Web 3.0 might solve.
Disadvantages of Web 3.0
- Ownership Concern
As co-founder and CEO of Twitter said: " You don't own 'Web3.0'."
He mean to say that there couldn't be lot of owners of an website and it couldn't be decentralized.
- Regulation Issues
The expert says when the internet will be distributed then there will be a lot of regulation issues and the ratio of cyber crime will increases.
- Old Hardware Become Obsolete
Old hardware of tech industry will be useless because the Web 3.0 is much feature loaded, it will demand a lot of resources and it forced us to update.
- Forced Update
Current businesses forcefully converted to Web 3.0 and if they don't move themselves they will be finished from the market.
- Easier Access to Public and Personal Data
When all the data is distributed then the public and personal data will be accessible. It might be possible that anyone can see our personal or public data. As it is said, blockchain is a very secure technology and cannot be hacked but we know that tech is hackable. Most of the issues raised due to this hypothetically situation.
Conclusion:
Web 3.0 is just a theory and it has not been implemented yet. A lot of people supporting Web 3.0 as they have their arguments like love or hate relationship.
If you want to see live example of Web 3.0 then Cryptocurrency and NFT are the two apps that are live today. As the Metaverse, Facebook is working on Web 3.0 so there's a great possibility that we'll use these applications very soon.
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