What’s Web 3 – Evolution From Web 1.0 to Web 3.0

Impact of Web3 is so much even in the beginning that developers have flocking into this field in great numbers. The first question that comes into everyone’s mind is what is ‘Web3.’ It’s necessary to understand where the web is going with Web 3.0. To grasp the idea we need to understand the evolution of the web. We have discussed below a little classification of ‘Web 1.0,’ ‘Web 2.0.’ and ‘Web 3.0’. 

Web 1.0 –  1991-2004 – Read Only Web

Web 1.0 is somehow characterised the participants not just the participants but consumers too of the contents published on the web. While the creators who were also developers published website pages which were just text or images, they served statically. Today’s many popular platforms such as Amazon, Microsoft and AliExpress were just static pages. The web in general operated this way from 1991 until 2004 and the consumers did not have to do anything apart from just reading the pages. 

Web 2.0 –  Interactive Web The Consumers Can Interact 

Web 2.0 is the current phase since 2004 which allows the consumers to participate in conversations characteristically web “participants as the creators’ of the content.’ So to participate or interact you don’t necessarily have to be a developer. As Facebook, Google and Microsoft began developing software for people to interact with each other. They found a way to monetize the web by serving ads to the people. 

Collection of User Data – This required them to serve right ads to the targeted audiences. To achieve that they needed to have the right collection of data. For instance the ads about immigration services would be useless to be shown to someone looking for a doctor. It’s where it becomes complicated and these companies need to collect data of the users to serve them right ads as the advertisement became a core of every website or a service and how it engineered to function. 

Data Privacy – These big tech companies harvested data of every single visitor to their platforms. The frustration of the general public rose when the data was collected as a routine job and had breaches and it became somewhat a business model for many intruders and hackers apart from the exploitation by the big companies. Here enters the Web 3.0.

Web 3.0 – Participants As Owners 

There is this major difference between Web 2.0 and Web 3.0 is that, on Web 2 the web apps run on a single server and the data is owned by the app or the central authority. While in Web 3.0 the apps run on many peer-to-peer and leverage distributed ledger technology better known as Blockchain– powering a decentralized web application. 

Participants on Web 2.0 – The participants can hold one of these peer-to-peer servers or Nodes, or create, distribute or contribute to the cryptocurrency tokens. The Node runners or these server owners are also considered as owners as they participate in the governance of the network and are provided with a reward. 

Web 3.0 Hosting – In web 2.0 the website developers use cloud servers such as Amazon Web Services to host and provide access to the users to their web applications. On Web 3.0, since the network relies on Nodes or Peer-to-Peer servers, the hosting money goes to the Node runners or participants. Some of the popular file hosting systems are ENS Ethereum Name Service, IPFS Inter Planetary File System and Internet Computer etc.  We will post a detailed tutorial on how to host files on decentralized internet. 

Web 3 Ads – In Web 2.0 the advertisers give money to the platforms such as Facebook to run their ads. Whereas, in Web 3.0 This payment goes to the Node runners or participants. For example, on Facebook a common user watches ads to use the platform, in Web 3.0 he is paid for watching the ads online. Brave browser is the best example in this regard. You get paid in BAT to watch ads online. 

Web 3.0 Payment System – Web 3.0 uses payment in cryptocurrencies. Any user can integrate a browser wallet like MetaMask, a decentralized app and move coins wherever he wants. There are no boundaries or region specifications in Web 3.0. By using MetaMask or any other wallet the payments can be processed internationally without handing over sensitive personal data to a centralized Bank or service. 

Decentralized Identity on Web 3.0 – The new dApps are in the works to provide users with anonymous IDs on the web to be used through dApps. These decentralized IDs will allow users to use a single ID on as many dApps as they want without having to give out any personal data. Even no email address or password will be required. 

 Tokenization on Web 3.0 – Many web 2 software companies sell out their software to the venture capital companies which connects them with the profits generated from selling shares as they grow. On the contrary, a Web 3.0 software will go on to announce a Token instead better known as ICO (Initial Coin Offering) keep a % for the developers and also % to be sold to the public. Those users who believe in the project can buy these tokens as kind of shares in a public company and also vote on the future changes. 

Since all the data is mined and recorded on the blockchain as transparent and immutable, everyone is allowed to see what happens with the funds or the project in general. There is absolutely no masking or hiding. 

When Will Web 3 Start Working?

Many ask many simple questions: when will web 3.0 start working? Well, it’s already working. There are many clones of social media platforms such as Facebook, Instagram and Twitter have been tested– For instance Distrikt a social network powered on the top of Internet Computer ICP blockchain. Brave, a very popular browser, is being used as the mainstream by tons of people.