Web 3.0 is arguably one of the biggest and best things to happen in the world of the internet for at least a decade. Not only is it set to revolutionize how we use the internet, but it is also going to change how we store and share our data.
However, if you don’t know what Web 3.0 is and how it will benefit you, here is everything you need to know about the new technology.
What is Web 3.0?
In simple terms, Web 3.0 is the third iteration of the world wide web. Unlike previous versions of the internet, Web 3.0 will be built on the blockchain and utilize blockchain and cryptocurrency technologies.
Whether it be Web 3.0 online entertainment, news articles, or videos, access is one of the prime tools of Web 3.0. One of the goals of this new version of the internet is to create a seamless ecosystem that connects all devices and users with all of the information available online.
The point of this is to ensure that no matter who you are or where you are, you have access to the same amount of information as a person on the other side of the world.
You may or may not be aware that the internet is something that is strictly controlled. Because of this, the information that is stored and shared is also controlled, and depending on where you live, you may not have access to all the information available and only have access to a curated list of content.
Decentralizing the control of the internet has the same effect that it does on cryptocurrency: single or multiple third-party, faceless entities cannot control what you can access and do on the internet.
One of the biggest controversies to have arisen over the past few years is how major corporations store and sell our data. Whether it be Facebook or Amazon, our personal data is mined and then sold for profit.
Web 3.0 is set to eliminate this completely. You will have control over your data and also be able to decide what happens to it. If you choose to sell it, you will be paid in crypto through the blockchain.
Crypto payments & money transfers
Speaking of crypto, Web 3.0 will fully implement cryptocurrency payments and transfers into its framework. This means you can very quickly and easily send and receive money to and from anywhere in the world.
Another exciting part of Web 3.0 is the addition of 3D graphics. This will enable us to view all images on the internet in a brand new way and also enable us to create 3D and more detailed images without specialized software.
Benefits of Web 3.0
While some of the technology behind the scenes of Web 3.0 has been discussed, here are a few of the major benefits we will be able to experience.
Considering the system is based on the blockchain, we will have all of the same security benefits of the blockchain. If you don’t already know, the blockchain remains super secure because as a new block of data is added, the previous becomes more secure, and the one before that becomes more secure, and so on.
This means that the data we store and share over the internet will be incredibly well protected, with little to no chance of us falling victim to data thieves.
No control by a third party
Being able to connect consumers with data without any interference from a third party is a major step towards taking back control of the internet. No government or entity should have the ability to block or monitor what can and can’t be seen.
A prime example currently is Russia, where information is strictly curated to ensure the Russian people don’t see or hear something that isn’t approved by the government; Web 3.0 is going to change this.
One thing that many people have begun wanting is more transparency. Considering Web 3.0 will live on the blockchain, users will be able to find and track their data, as well as the source code for the platforms they use, with ease.
Using AI and a more streamlined system, Web 3.0 is going to overhaul how we do searches on the internet. Right now, if you were to search for something, you would be given the most popular pages or paid-for pages as the first few results.
With Web 3.0, this will be done away with, and instead, you will be presented with the most relevant pages to your search instead of the pages the search engine or companies want you to see.