Web 3.0 is the new upcoming version of WWW ( World Wide Web). To understand the relation of Web3 with blockchain we must know the meaning and background of Web3 and Blockchain. So before getting into the deep analysis of their relation we will look into their main definition and check there reasons of existence. So before knowing the answer to how web3 is related to blockchain read following.
Table of Content
- What is WEB 3.0 and its background
- Difference between Web3, Web2 and Web1
- What is Blockchain
- How web3 is related to blockchain
What is WEB 3.0 and its background:
Web 3.0, known as “Semantic Web,” is the next evolution of internet, using AI, NLP and ML for intelligent and intuitive online experience. Web 3.0 aims for an intelligent, connected internet with machine understanding and automation, unlike Web 2.0’s focus on social media and user-generated content.
The concept of Web 3.0 was first proposed by Tim Berners-Lee, the inventor of the World Wide Web, in 2001. He envisioned a web where machines could understand the meaning of the information on the internet, and not just the text or data itself. This would make it possible for machines to automatically perform tasks like finding and organizing information, making recommendations, and even completing tasks on behalf of users.
To achieve this vision, Web 3.0 relies on a number of technologies, including semantic markup, ontologies, and linked data. Semantic markup is a way of describing the meaning of information on a webpage, so that machines can understand it. Ontologies are a way of describing the relationships between different types of information, and linked data is a way of connecting information on different websites. Together, these technologies allow machines to understand and interpret the meaning of the information on the internet, making it possible for them to automatically perform tasks on behalf of users.
Web 3.0 is being driven by the growing need for more intelligent and intuitive online experiences. As the amount of information on the internet continues to grow, it becomes increasingly difficult for users to find and make sense of the information they need.
Web 3.0 aims to address this problem by creating a more intelligent and connected internet, where machines can understand and interpret user intent, making it possible for them to automatically perform tasks on behalf of users.
Difference between Web3, Web2 and Web1:
Web 1.0, also known as the "Static Web," was the first iteration of the internet and was characterized by simple, static websites that were primarily used for providing information. These websites were primarily text-based and did not allow for interactive features such as user input or dynamic content.
Web 2.0, also known as the "Participatory Web," was the next evolution of the internet and was characterized by the rise of social media, user-generated content, and interactive features. Websites like Facebook, YouTube, and Wikipedia allowed users to create and share content, as well as interact with each other in various ways.
Web 3.0, also known as the "Semantic Web," is the next evolution of the internet and is characterized by the use of advanced technologies such as artificial intelligence, natural language processing, and machine learning to create a more intelligent and intuitive online experience. Unlike Web 2.0, which focused on social media and user-generated content, Web 3.0 aims to create a more intelligent and connected internet where machines can understand and interpret user intent, making it possible for them to automatically perform tasks on behalf of users.
The main difference between Web 1.0, 2.0 and 3.0 is in their usage, Web 1.0 is mainly informative.
Web 2.0 focuses on interaction and user-generated content, Web 3.0 aims for intelligent and connected internet with advanced technologies.
Web 1.0 and 2.0 provided information and interaction, Web 3.0 aims for intelligent automation and connected internet with machine understanding.
What is Blockchain:
Blockchain is a digital ledger technology that records transactions in a secure and decentralized way. Blockchain uses a network of computers for validation and recording transactions, eliminating the need for central authority like banks. its blocks contain groups of transactions, once added it can’t be altered, providing a tamper-proof record.
This creates a tamper-proof and transparent record of all transactions that can be viewed by anyone on the network. Blockchain technology is mainly associated with cryptocurrency, but has potential in other uses like supply chain management and voting systems. There are two types of blockchain. Layer 1 and Layer 2. We will discuss about them next time with more details.
How web3 is related to blockchain:
Understanding the points below will clarify the relationship between web3 and blockchain.
- Web3 aims for a more intelligent and connected online experience, while blockchain is a secure and decentralized digital ledger technology.
- Both Web3 and blockchain are based on decentralized systems, where no single entity controls the information or transactions. This allows for greater transparency and security, as well as the ability to create new types of applications and services.
- Web3 technologies like smart contracts and dApps rely on blockchain infrastructure to function.
- Blockchain technology in Web3 enables creation of decentralized platforms and marketplaces for peer-to-peer transactions without intermediaries.
- Web3 technologies with blockchain integration improves security and control for personal data and assets through decentralized identity and digital wallets.
- Web3 and blockchain enable new possibilities such as DeFi and NFTs, not achievable with Web2 and centralized infrastructure.
Web3 and blockchain share a goal of creating a decentralized and secure online experience through the use of advanced technologies. Blockchain technology provides the necessary infrastructure for Web3 technologies to function, which can enable new use cases and opportunities.