Web 3.0: All you need to know

The third version of the internet, known as Web 3.0, is built on Blockchain Technology. A smart, independent, linked, and open internet is what Web 3.0 aims to build. One significant trend that is anticipated as we approach Web 3.0 is decentralisation. In essence, it is a theory that distributes power from a single individual or group to the entire population.

One of the first countries to support Web 3.0 technology was India. India now has more than 230 Web 3.0 start-ups, according to the Cryptotech Industry in India 2021 research by NASSCOM and WazirX.

Web 3.0’s progress in internet technology increases the likelihood that technology may be weaponised, cyber threats will increase in frequency, and problems with national security may occur. It is crucial to carefully assess Web 3.0’s future viability.

But first, let us know a little about the different versions of the web that exists:

Web 1.0

It is regarded as the beginning of the web’s development, when the majority of the content that was available to users was “Read-only,” allowing them to only read it without really engaging with it.

Search engines, portals, and news websites all had content in this category.

Web 2.0

The main innovation brought about by Web 2.0 is interaction. It became increasingly common to “like” things on social media, “comment” on videos, and share fascinating stuff.

Additionally, during this era, advertisements began to appear on pages based once again on these data points, and the monetisation of content began to increase.

Web 3.0

Web 3.0, a visually dynamic, semantic, and geographical Web with the concepts of decentralization, openness, and increased user utility symbolises a new stage in the growth of the internet.

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