What is Web 3 and how will it replace the Internet

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Web 3 and how will it replace

In today’s world where everything is interconnected, it is difficult to imagine why experts are talking about the need for a complete change in the Internet. But it is the connectivity of everything that has compelled many technicians to consider what they call the “new phase” of the Internet. They insist that what we use is still the “second generation of the Internet” and should be changed for the better. According to him, we need more ‘semantic web’ which is more efficient and gives us more control over our data.

With the advent of Web 3.0 they are predicting it. Many in the industry consider this to be the coming ‘Great Internet Revolution’. Web 3.0 will enable machines to self-interpret big data. This will enable us to interact more deeply with other users from any platform, among other things.

In this ‘new chapter’ of the Internet we will no longer need complex operating systems or large hard drives to store information, because everything will be in the cloud and everything will be very fast and changeable. In general terms, it can be said that machines on Web 3.0 will ‘collaborate’ with humans more effectively.

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But its main advantage is the decentralization of the Internet, that is, the creation of an Internet that is more equitable and decentralized, and undermines large Internet companies, as advocates of this concept insist. Silicon Valley is already in its infancy and has been under construction for many years. The term was coined in 2014 by Gavin Wood, co-founder of Ethereum Cryptocurrency.

Just as Tim Berners-Lee is considered the “father of the Internet”, Wood is often referred to as the “father of Ethereum” because of his co-founders and broadcasters. Ethereum is the second most used blockchain protocol in the world. And this technology is the basis of Web 3.0.

Wood is a British software engineer. To this end, he founded the Web 3.0 Foundation to fund these research and development teams, laying the foundations for Web 3.0 and building a decentralized web-based blockchain infrastructure company in Berlin, Parity Technologies.

But what does decentralized Internet mean

“The Internet was originally a common and decentralized protocol,” says Arsala O’Keefton, director of communications at Parity Technologies. It started to become more decentralized in the 90’s with these big technologies. With Web 3.0, we want to get the Internet back on track,” he said. What the Internet did was that no one had enough control over the communication tools that we have today.

An important part of the structure of Web 3.0 is blockchain technology, which allows the creation of ‘blocks’ and data chains, which we know primarily from cryptocurrencies. If Web 1.0 (Web 1) was based on hyperlinks and Web 2.0 (Web 2) does so on social networks; Web 3.0 will be based on blockchain technology.

“We have to think with an open mind because blockchain is more than just a corrupt currency,” he said. Web 3.0 is more than just a token price. In fact, the elements that make Web 3.0 possible have evolved over the last few years and in a way have become a reality. But its technology has not yet been integrated or used by the common people.

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‘A faster, safer and more open web’

Colin Irwin has been developing Web 3.0 for five years. He explains that the file runs under Coin and IPFS systems. Both protocols have been developed by a company called Protocol Labs, a blockchain technology company based in San Francisco, California, which also aims to decentralize the web.

My job is to speed up the transition from Web 2.0 to Web 3.0. Our goal is to update the web to make it faster, more secure, stronger and more open against attacks. To understand how Web 3.0 will work and how fast and flexible it will be, we must first understand how the Internet was created and how it has changed over the years.

If we look back to the early days of the Internet, in the 1960s and 1970s, we see that the Internet itself existed before the web: it was a combination of cables and a network that Used to add. It simply came to our notice then. Avery says Web 1.0 was launched in the early 1990’s. Websites like Yahoo were static web pages that relied on hyperlinks.

Web 2.0 came in the 2000’s. The key improvement, says Avery, is that it allows us to read and write interactively, so that mobile and web applications can “talk to each other” and we can communicate with them. The development of Web 3.0 boosts consumer confidence as civil liberties will be integrated into its infrastructure.”

“Some cloud storage service providers, banks and big governments, gather all the power and can control and manipulate the data as they wish to make money and advance their own interests,” says Avery. We cannot trust that these living entities are not manipulating our data.

Then what changes with Web 3.0

“It will change the whole structure of the web,” says Avery. Experts say that Web 3.0 “will allow users to access thousands of data centers around the world and will be able to choose who keeps their data and how.”

Amazon, Google and Microsoft are currently leading the market for cloud data storage. Amazon, together with its subsidiary Amazon Web Services (AWS), controls 41.5% of this market. It is followed by Microsoft at 29.4% and Google at 3%.

The three companies own half of the world’s 600 largest data centers, according to the Synergy Report Group. Everns, on the other hand, explains that Web 3.0 will have a “clear procedure” for eliminating issues such as data verification and fake news.

As far as the more technical part is concerned, when it comes to protocol, they say, “When you open Google or any other browser and go to a website, you use the HTTP protocol.” You ‘tell’ this protocol to find a file in a specific location. “It’s like you have to go through the New York Public Library to find a book. If that library collapses or the government puts up security guards, you can’t access more content. It’s a centrally controlled structure. ”

In the world of Web 3.0, every copy of the book will be compressed into a secret algorithm that cannot be manipulated. And we will be able to share it even when connected to the network. This is peer-to-peer (P2P) technology that allows multiple users to exchange peer-to-peer resources directly between users, which is not possible with existing Web 2.0 or HTTP protocols, according to Evern.

Arsala explains that Web 3.0’s blockchain technology is very secure and that “no one has been able to hack for more than 10 years now. The issue of security is very important in the age we are living in because our lives and our data are rapidly changing on the Internet.

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A slow process

These changes are expected to give Internet users more power over the information they access and the data they share, and ultimately create a freer and more equitable Internet. But the promise that Web 3.0 will be able to break the dominance of big technology companies like Google or Facebook raises doubts.

There are voices, like Elon Musk, who a few days ago posted a sarcastic comment on Twitter: ‘Has anyone seen Web 3.0? I can’t find it. Or Jack Dorsey, co-founder of Twitter, who said that Web 3.0 is “a central entity, but with a different label.”

But Colin Irwin is still excited. The transition to Web 1.0 and Web 2.0 was a huge change that took many years. The transition from Web 2.0 to Web 3.0 is inevitable, but it will happen overnight, not overnight. It is still taking its first steps. The number of developers involved is a clear indication that future Internet makers are betting on Web 3.0.