The internet has come a long way in the last three decades, and we are happy about that. The majority of today’s knowledge and correspondence takes place on the Internet, which you can access from the comfort of your sofa. All you need is an internet connection and a laptop that can connect to the internet; this was unthinkable just a few years ago, but what has made it possible?
The answer is the internet’s Web 2.0 version. Web 2.0 is the second edition of the internet, as the name implies. Web 1.0 was the first version of the internet, which was restricted to static websites that only allowed users to read information rather than update or upload it.
While the Participative Social Web, also known as Web 2.0, was an improvement over the first version of the internet, we have yet to accept it, even though it encouraged knowledge exchange, collaboration, and interaction by allowing users more freedom to communicate with one another than Web 1.0. Rather, we’re gradually migrating to the Web 3.0 version of the internet.
Let’s take a closer look at some of the features of the Web 3.0 version of the internet:
Web 3.0, which aims to provide a decentralized means of protecting internet data, promises to provide greater online privacy and protection than Web 2.0.
Another way Web 3.0 brings value to the internet is by enabling cryptocurrency, which is commonly known as the currency of the future. Web 3.0 allows payment networks to conduct transactions such as money transfers, real estate registrations, and more without the need for an intermediary such as banks, agencies, and so on.
Another ground-breaking feature of Web 3.0 is the Internet of Things (IoT). Consumers can command a range of connected devices, such as vehicles, smart refrigerators, smart TVs, lamps, and more, to perform a variety of tasks over the internet in a fraction of a second using just a smart device. Web 3.0 also incorporates artificial intelligence (AI) and virtual reality (VR) to boost the internet user experience.
What is a blockchain?
Blockchain technology is a peer-to-peer network that keeps track of transactions and information in chains. By using a cryptographic hash, the blocks are joined together in a single list called a chain, making the records impossible to change and providing a stable data structure.
A complete copy of the blockchain is maintained by all parties involved in verifying a transaction, as well as a large number of third parties, resulting in a secure and distributed network.
What role does Blockchain Technology play in Web 3.0?
When talking about Web 3.0, it’s important to note blockchain technology, which serves as its base. Blockchain technology, also known as Distributed Ledger Technology, adds tremendous value to Web 3.0’s core functionality while addressing many of Web 2.0’s flaws. To put it another way, blockchain technology is the guiding force behind Web 3.0, which allows previously impossible tasks to be accomplished.
What is the most important point?
Web 3.0 would impact our lives in a variety of ways. None of these developments, however, would be possible without blockchain technology, which serves as the foundation of this new internet.
Now is the perfect time for entrepreneurs, developers, investors, and even ordinary Internet users to not only learn about but also to take advantage of, the possibilities presented by these decentralized technologies.
And there’s more.
With groundbreaking Blockchain Technology, the possibilities in Web 3.0 are infinite. The blockchain concept was developed to build a decentralized database that is kept up to date by anonymous consensus. The most obvious similarity between blockchain and Web 3.0 is that they both make it easier to move from a client-server to a decentralized network.
We can discover the link between blockchain technology and Web 3.0, which aims to revolutionize the internet and the world of finance, by understanding the basic idea behind blockchain technology, its forms, and the components that enable it.
Now that you’ve got the run, the next step is to figure out how to learn blockchain. Blockchain certification courses are a common option since they are both short-term and flexible. The Certified Blockchain Professional training program from blockchain councils focuses on the information and skills you’ll need to get a job, all bundled in a versatile learning module that suits your schedule.
How Web 3.0 Creates Value for Users in blockchain was originally published in DataDrivenInvestor on Medium, where people are continuing the conversation by highlighting and responding to this story.