A must-read for futurists; The rise of Web3

The Web has undergone many changes since its invention, and it continues to evolve.

The rise in Web 3.0—the next generation of the Internet—can be seen as blockchain and security technology become increasingly popular, but we must look back at previous generations to understand what's ahead.

In the earliest days of the Web, it was primarily about establishing a way for people to find information on other peoples' pages. The Web was a place to publish your thoughts, ideas and opinions. It was a way for people to connect with one another. It was static and like a newspaper, you could only do is reading and no interaction with user was available. There was no video content and a very basic page format that's like a printed page. Around 2004 there was a advent of Web2, that was the second generation of web.?

The Web of Today is WEB2

Web2 redefined how people thought of the internet. It emerged as a standalone entity and eclipsed all other media channels, including print newspapers and broadcast TV shows.

In Web 2.0, new forms of interactivity were introduced in contrast to the traditional static website where information is pushed out to users rather than being pulled by them as they explore and engage with content. Concepts such as blogging became popular, and social networks like Friendster (2003), MySpace (2005) and Facebook (2004)—which aggregates user-generated content within its domain—were created.

A host of technologies redefined the web from its nascent origins to the Web 2.0 era, including Ajax (Asynchronous JavaScript and XML).

Ajax was first popularized by Google Maps, which completely changed the way we interact with websites. Instead of just a flat, static map—like what you’d get on Mapquest or Yahoo!—Google Maps used Ajax to make its website interactive: You could zoom in and out and move around within the image.

In Web 2.0, CSS (Cascading Style Sheets) allows for better control over formatting than did tables in the early days of web development.

The arrival of CSS in the early 2000s made it possible to create web pages with complex, attractive designs.

The Rise of Web3

The term “Web 3.0” is used to describe an emerging space that has not yet been clearly defined; there is a lack of clarity around the term Web3 (or "Web 3") as it's still in flux.

Background:

The term "Web 3.0" has been used in various ways to describe the evolution of the Internet from just a network for simple sharing documents, into a Web where users can interact with each other and software programs. This concept was first proposed by Tim Berners-Lee—inventor of the World Wide Web—in 2006 as part of his idea?for what he called a Semantic Web: one that uses semantic technologies such as metadata to increase information accessibility, findability on search engines like Google or Bing (rather than simply typing keywords)

The term "Web 3.0" is used to refer to higher-level concepts such as decentralization, which go beyond the Semantic Web concepts espoused by the W3C.

Concept

Rather than the same centralized approaches to connectivity and data that are at the core of Web 1.0 and 2.0, Web 3.0 is built on peer-to-peer systems where consensus algorithms determine relationships between users or applications by agreement rather than command from a single authority; decentralized blockchain technology forms the foundation for these systems.

Decentralization

The push for Web 3.0 is part of a larger trend toward decentralization, and this in turn has created opportunities for cryptocurrencies—another way to make payments or transfer wealth online.

Blockchain

Blockchain technology offers a way to create, manage and own assets that is distinct from other asset-management systems.

Artificial Intelligence

The use of artificial intelligence to automate processes, streamline workflow and improve user experience is a key component of the emerging Web 3.0 standard.

AI is helping to scale the web, making it smarter and more capable of delivering relevant results through intelligent search.

Web2 Vs Web3

In simple words, Web2 is centralized, payments and transactions occur in fiat currency and government issued current, cookies are used to help track user info. Ajax, relational databases and social networks. While Web3 is decentralized, transaction can be funded in crypto, users can get unique and immutable tokens that are NFTs, AI and machine learning, crypto enablement, blockchain and metaverse worlds.

Future is now and its WEB3

Web 3.0 includes the concept of decentralized autonomous organizations (DAOs) as a new form of managing and governing structure for web services and organizations. Much like blockchain, DAOs rely on distributed consensus to make decisions rather than a centralized authority. Decentralization in Web 3.0 likely will also lead to the continued rise of decentralized financial services, which circumvent traditional banking structures and could have a profound effect on the global financial system.

Decentralization will also lead to the emergence of Dapps that make use of blockchain, and?Smart contracts to enable distributed applications across the Web 3.0 landscape.

As Web 3.0 continues to evolve and be defined, its focus on decentralization, automation and intelligence will likely continue to be the foundation for what's next.