Web 1.0 and Web 2.0 refer to eras in the history of the World Wide Web as it evolved through various technologies and formats.

Web 1.0 refers roughly to the period from 1991 to 2004, where most websites were static webpages, and the vast majority of users were consumers, not producers, of content.

Web 2.0 is based around the idea of “the web as platform”and centers on user-created content uploaded to social media and networking services, blogs, and wikis, among other services. Web 2.0 is generally considered to have begun around 2004 and continues to the current day.

Web 3.0 is a new iteration of the World Wide Web based on blockchains, which incorporates concepts including decentralization and token-based economics.

Web3 is the internet where new social networks, search engines and marketplaces mix without being managed by centralized companies.

Instead, they are decentralized, built upon a system known as the blockchain, which already undergirds Bitcoin and other cryptocurrencies. Imagine it as a kind of bookkeeping where many computers at once host data that’s searchable by anyone. It’s operated by users collectively, rather than a corporation. People are given “tokens” for participating. The tokens can be used to vote on decisions, and even accrue real value.

In a Web3 world, people control their own data and bounce around from social media to email to shopping using a single personalized account, creating a public record on the blockchain of all of that activity.

What are the advantages of Web 3.0?

1. Ownership of Information or Data:

The end-users will regain the complete ownership and control of their data and have the security of encryption. Information could then be shared on permission/need or case-by-case basis. Currently, the large organisations like Facebook and Amazon have en-number of servers storing personal information on income, interests, dietary preferences, credit cards, etc. These data are not collected merely to enhance their services, but the data is sold to the advertisers and marketers who pay billions of dollar every year.

2. Access to Information:

One of the most significant benefits of Web 3.0 is the transformation towards being able to access the data from anywhere and is mainly driven by the heavy usage of Smartphone and Cloud applications. The vision is to ensure the user can have access to information as much as possible from anywhere in the world. The technology aims to expand the idea in ways that allow devices to collect user data and letting smartphone to access data on your computer.

3. Elimination of the Central Point of Control:

The blockchains like Ethereum provide a trusted platform in which the data is fully encrypted, and the rules are unbreakable. Hence, the intermediaries are eliminated from the equation. Apple and Google will no longer be in control of the user data. No Government or entity will have the ability to kill services and sites, and no individual can control the identities of others.

4. The Permissionless Blockchain:

Anybody can create an address and interact with the blockchain network. The authority to access permissionless blockchains cannot be overstated. The users will be not be restricted on account of their income, geography, orientation, gender or a series of other demographical and sociological factors. The digital assets and wealth can be transferred efficiently, quickly, cross-border, anywhere globally.

5. Uninterrupted Service:

The suspension of account and denial of distributed services are reduced dramatically. Since there is no single point of failure, the service disruption will be a bare minimum. The data will be stored on the distributed nodes to ensure redundancy, and multiple backups will prevent seizure or server failure.

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