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Consider a new kind of internet, one that not only properly reads what you write but also comprehends everything you communicate, whether by text, speech, or other media, and one in which every material you consume is more personalized to you than ever before. We are on the cusp of a new era in the evolution of the web. Some early adopters refer to it as Web 3.0.
While certain early-stage Web 3.0 apps exist now, their complete potential cannot be realized until the new internet is fully integrated into the web infrastructure.
So, what is Web 3.0 precisely, how will it look, and how will it impact our lives?
Web 1.0, 2.0, and 3.0: A Comparison
Web 1.0, the very first version of the internet, existed until just before the year 2000. Websites served purely as centralized repositories of data. People could browse the websites to acquire information placed on servers and interact with such servers in basic ways. During this time, e-commerce sites like eBay and Amazon also existed.
Web 1.0 was based on HTTP and HTML protocols, and its primary characteristics were:
- Static pages.
- Hypertext Mark-Up Language.
- Limited real-time interactivity.
- The usage of just common languages.
It was in the 2000s that a new generation of the internet came out. It had more interactive and collaborative features than the first one did. As a result of Web 2.0, there could be more social media platforms, multiplayer games, and other things that people could do together in real-time. As the internet evolved, so did data analytics, big data, and machine learning algorithms, which all emerged. Web 2.0 was more participatory, collaborative, adaptable, and business-oriented.
What was used to find platforms in Web 2.0 has now taken over in Web 3.0 completely. This form of the internet is propelled forward by intelligence and interactions between people and websites. Web 2.0 was more focused on the front end of the internet, but Web 3.0 is more focused on the back end.
What constitutes the core fundamentals of Web 3.0?
One of Web 3.0’s most exciting features is the inclusion of artificial intelligence (AI). Machines have been trained to interpret information from photographs, audios, recordings to produce relevant material that the user is asking for. AI is also significant in commercial contexts. It may be used to anticipate demand and improve client relations, among other things.
With the advent of the Semantic Web, computers will be able to better understand and respond to the content they see on the web by interpreting meaning and emotion. This is made feasible by artificial intelligence algorithms that improve the quality of the results they provide.
Web 3.0 is distinguished from its predecessors by its use of 3D graphics, which helps to create a more realistic and engaging virtual environment. This has had a profound effect on business prospects, online gaming experiences, tourism, education, and e-commerce, to name a few.
Information is now much more easily accessible because of the use of AI. With intelligence incorporated in systems, communication between devices becomes more seamless.
Information in Web 3.0 is more connected because of metadata. New technologies like 5G and IoT help it grow even more, as well. The web is available to everyone, everywhere, on any device.
Is Web 3.0 already here?
Web 3.0 applications must be able to process a lot of information and turn it into facts and useful actions for users. Because they are still in the early phases, these applications have plenty of space for development and are light years away from the functionality that Web 3.0 apps may offer.
Amazon, Apple, and Google are all involved in the development of Web 3.0 apps or products. As two current examples of apps utilizing Web 3.0 technology, we have Siri and Wolfram Alpha.
Since its debut in the iPhone 4S model, Apple’s voice-controlled AI assistant has improved in intelligence and increased its capabilities. Siri employs speech recognition, together with artificial intelligence, to be able to fulfil complicated and customized instructions.
When you ask Siri or other AI assistants, like Amazon’s Alexa or Samsung’s Bixby, for things like “where is the nearest burger joint” or “book an appointment with Sasha Marshall at 8:00 am tomorrow,” they know what you mean and give you the right answer or action right away.
In contrast to search engines, Wolfram Alpha is a “computational knowledge engine,” which provides you with a list of relevant websites in response to your queries. If you want a realistic comparison, search “England vs Brazil” on both Wolfram Alpha and Google and notice the difference.
Because “football” is the most common search term, Google returns World Cup results even if you don’t include it. On the other hand, Alpha would provide you with a full comparison of the two nations, as you asked. That’s the major distinction between Web 2.0 and 3.0.
An improved search engine, more personal browsing options, and other decentralized features are all expected to be part of the new internet’s promise to create a more fair and equal online environment. This goal may be reached by giving users more control over their data and enabling a richer overall experience through an array of future advancements.
It’s hard to think about, but when Web 3.0 comes, the internet will become a considerably significant part of our daily lives. Smart devices have already changed how we think and behave.
All of today’s normally offline machines, such as ovens, vacuums, and refrigerators, will be integrated into the IoT economy and interact with its autonomous servers and decentralized applications (DApps), advancing new digital realms like blockchain and digital assets to power a variety of new technological “miracles” for the twenty-first century.Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.