Web3 (also known as Web3.0 and sometimes stylized as web3), In everyday conversations, Web3 is an umbrella term for the blockchain, cryptocurrency, and NFTs.
Web 3.0 refers to the next phase of the evolution of the web. Web 3.0 is built upon the core concepts of decentralization and greater user utility. (1)
To understand Web3 deeply, we first need to understand Web1 and Web2.
Evolution of the Web
Web1 ( 1989-2005)
Web1 refers to tools for publishing static information owned and considered proprietary, fact-checked, and attributed.
Web2(2005-Present)
Web 2.0 applications are web pages that visitors can add to or change. Users add information, as with the product reviews on Amazon.com, informing other users in reader-friendly ways.
Web3 (yet to come)
It refers to the next generation of internet evolution that would make the web more intelligent. It enables the evolution of web utilization.
WEB2 vs. WEB3
Web2 represents the version of the internet most of us know today. An internet dominated by companies that provide services in exchange for your data.
Web3 refers to decentralized apps that run on the blockchain.Web3 will go beyond Web2 offerings such as streaming video, online shopping, and social media.
What is the point of Web3?
Web3 is being approved as the future of the internet. Web3 is defined as “the internet owned by the builders and users, adapted with tokens.” (2)
The more complicated but specific way to think about Web3 is the internet owned by users.
That’s the dream of crypto boosters, who say the integration of blockchain technology will lead to an egalitarian internet.
Web3 is the upcoming internet generation where apps and websites will process information in an intelligent human-like manner using Big Data, Machine Learning, Artificial intelligence, and more.
Continue reading: https://coinnounce.com/what-is-web3-and-what-future-does-it-hold/
Web 3.0 refers to the next phase of the evolution of the web. Web 3.0 is built upon the core concepts of decentralization and greater user utility. (1)
To understand Web3 deeply, we first need to understand Web1 and Web2.
Evolution of the Web
Web1 ( 1989-2005)
Web1 refers to tools for publishing static information owned and considered proprietary, fact-checked, and attributed.
Web2(2005-Present)
Web 2.0 applications are web pages that visitors can add to or change. Users add information, as with the product reviews on Amazon.com, informing other users in reader-friendly ways.
Web3 (yet to come)
It refers to the next generation of internet evolution that would make the web more intelligent. It enables the evolution of web utilization.
WEB2 vs. WEB3
Web2 represents the version of the internet most of us know today. An internet dominated by companies that provide services in exchange for your data.
Web3 refers to decentralized apps that run on the blockchain.Web3 will go beyond Web2 offerings such as streaming video, online shopping, and social media.
What is the point of Web3?
Web3 is being approved as the future of the internet. Web3 is defined as “the internet owned by the builders and users, adapted with tokens.” (2)
The more complicated but specific way to think about Web3 is the internet owned by users.
That’s the dream of crypto boosters, who say the integration of blockchain technology will lead to an egalitarian internet.
Web3 is the upcoming internet generation where apps and websites will process information in an intelligent human-like manner using Big Data, Machine Learning, Artificial intelligence, and more.
Continue reading: https://coinnounce.com/what-is-web3-and-what-future-does-it-hold/
