Introduction to Web 3.0.
The third generation of web technologies is known as Web 3.0 (Web3). The World Wide Web, commonly referred to as the web, serves as the basic building block of the internet by offering website and application services.
Web 2.0 vs Web 3.0.
With the use of HTTP in distinct web addresses, Web 2 searches for data that is held in a fixed location, typically on a single server. On the other hand, Web3 transfers ownership to countless additional parties (decentralization). The most popular Web 2 technologies include HTML5, CSS3, AJAX, and JavaScript.
Inventor of Web 3.0.
The semantic web was referred to by Berners-Lee as a part of Web 3.0 in 2006, which differs from the definition of Web3 in blockchain contexts. Gavin Wood, the inventor of Polkadot and a co-founder of Ethereum, first used the phrase "Web3" in 2014 to describe a "decentralised online ecosystem based on blockchain.
Networks on Web3.
Solana, Polygon, Cosmos, and Ethereum are a few well-known Web3 networks. OpenSea, Coinbase, Ledger, and MetaMask are a few well-known Web3 systems. Numerous of these platforms and networks offer the sale of NFTs or cryptocurrencies like Bitcoin.
Web 3.0 Short Discription.
The World Wide Web's dependable, resilient infrastructure was made possible by centralization, which also assisted in bringing billions of people online. At the same time, a small group of centralised organisations control a sizable portion of the World Wide Web and make unilateral decisions regarding what should and shouldn't be permitted.
The solution to this problem is Web3. The Web3, which supports decentralisation and is being produced, operated, and owned by its users, is not a Web that is monopolised by big tech companies. Web3 gives people the ability to make decisions rather than companies. Let's look at how we got here before we discuss Web3.