What is Web 3.0 | All about web 3.0 and Blockchain

All about the Web 3.0 

What is Web 3.0

At the Facebook developer conference this year, founder Mark Zuckerberg laid out this vision for web 3.0 and the metaverse. He even changed his company name to 'meta' to signal a new age of development .  "I believed the metaverse is the next chapter for the internet " Mark Zuckerberg.

  • What is web 3.0 ?

Web 3.0 is a natural progression where cryptocurrency and other services operate on what's called the Blockchain or distributed networks, web 3.0 is the next version of the internet, where services will run on the blockchain.

Web 3.0 is looking to change the way the internet works, web 3.0 promises to be more reliable, and decentralized with control in the user's hands enabling socializing for work and play through the metaverse, and making it cheaper as well as easier to make payments. 

  • History behind Web 

Web 1.0 

In the age of web 1.0 Total of 100,000 websites were present and 50,000,000 users. It was read-only website users don't have any tasks to do only website admin can do so.

Web 2.0

In the age of Web 2.0 total of 100,000,000 million websites was present and 1,000,000,000 user was approx. It was read and write web where users can edit content. 

Now we are ready to move to web 3.0, with a total of 1000,000,000 websites and 2500,000,000 user 

  • Difference between web 3.0 and previous versions of web 

The Cloud platforms or on-premise infrastructure form the foundation for service in web 2.0 whereas in web 3.0 Services are built on top of the blockchain. The key difference is that the cloud is controlled by Giants such as Amazon, Google, and Microsoft, and on-premise is controlled by companies organizations and centralized but in the case of decentralized blockchain data is distributed across networks and no single entity owns the information. 

With web 3.0 is all about a decentralized internet that runs on a public blockchain which is also used  for cryptocurrency transaction blockchain aims at keeping the insights organized as a block, with cryptographic hash insured to make them immutable and secure. 

Example of web 3.0

An example of web 3.0 universe is NFTs or non-fungible tokens that are bought using crypto coins they might be JPEGs. Bollywood actors from Amitabh Bachchan to Salman Khan enter the NFT space. Recently Bachchan's NFT collection was auctioned for close to 1 million. 

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