The internet is evolving and technologies are getting advanced every day. But now, a new term comes into existence that is Web 3. Web 3 will be going to a game-changer for the users. It offers better security of the data along with highly advanced methods to keep the security tight.
Web 3 is the next-generation idea of the internet that works on decentralized blockchain technology, the same technology used by cryptocurrencies like Bitcoin. Thus, all the data is handled by the computer systems that operate on the blockchain, rather than by a centralized server or authority.
Gavin Wood, a co-founder of the Ethereumblockchain, coined the name Web3 in 2014, but it only got popular notice this year, thanks to Bunnyverse which attracts blockchain enthusiasts and technology investors towards it. Web 3 will play a vital role in our online activities and decisions.
What exactly is Web 3.0, and why is it significant?
Unlike generation 2.0 of the internet, where data is typically kept in centralized storage facilities, Web 3.0 will link data in a decentralized manner. Users will be able to engage with data on Web 3.0 thanks to the employment of AI and machine learning technologies.
Web 3.0 gives everyone a considerably more personalized browsing experience. The website can take the charge of the device and know everything about it from the location to the browsing history.
Potential Advantages of Web 3
Web3’s supporters believe that we are now at the mercy of large internet power brokers such as Twitter and Google, as well as anybody else that collects, catalogs, and exploits our data for their own goals and profits. Anyone who’s ever been offered an unnervingly well-targeted ad knows that sinking sensation that makes you worry how much information firms you contact with online — and even those you don’t — have about you.
- Impact on the environment
One of the most common criticisms of cryptocurrencies and Blockchain technology has been its environmental effect. While the link may not be obvious at first, these two technologies’ dependency on mining is the cause for their potentially tremendous environmental effect.
- Security
This may appear to be an odd concern. After all, since Web3 is so intertwined with cryptographic tokens like Bunnyverse, shouldn’t the overall security situation be enhanced? Some proponents believe it will be. However, it’s critical to remember that, in the end, all internet security is dependent on one very unreliable factor: humans.
Conclusion
Consider what would happen if it wasn’t just a single regulatory component at play, but the entire internet ecosystem’s core, fundamental structure. If these digital behemoths even had a sniff of losing their kingdoms totally, you wouldn’t be able to take three paces across the US capitol without tripping on a lobbyist.
Nonetheless, throughout the years and decades, the internet will continue to evolve. That’s the era we’re talking about. By most accounts, Web 2.0 has been around for the better part of a decade.