The word “Web” came into the computing world in the late 20th century, when the World Wide Web (WWW) went popular. The “Dot com bubble,” as experts called it, burst in a matter of years due to its one-way communication nature and notoriously slow speeds. Later came Web 2.0 with some advancements that made multi-way communication possible, and users could now generate content and let their opinions known to the globe. Although the technology comforted people, the recent cases of user data breaches in some of the biggest tech corporations have put the underlying technology under scrutiny. Nowadays, people’s belief in Web2 applications is not as blind as they used to be before. The need for newer and safer internet has risen now, and Web3 development might just be the solution everyone wants.
Web3 is the collective term for tomorrow’s internet, which includes multiple sophisticated, and emerging technologies such as blockchains, internet of things (IoT), artificial intelligence (AI), machine learning (ML), augmented reality (AR), virtual reality (VR), and more. Even though the technology is still in its infancy, the branches of the Web3 tree have been developing at an incredible speed over the past decade. We still need to integrate all these sparse domains to form the Web3 tree, which at its full form, has the potential to bring about long-lasting changes to the world.
The foremost aspect that gave rise to Web3 is decentralization. In this case, user data will not be confined to servers but spread across “nodes” connected to the ecosystem. Blockchain networks act as the base on which devices are connected, and the other technologies supplement them. Web3 also gives power to the user, thereby making it possible for users to earn through selling their data, in addition to previous Web 2.0 abilities. Also, the other technologies implemented on Web3 strive to make life different, making it possible to use smart systems everywhere.