What is web 3.0 and how does it work?

What are we talking about today?

Web 3.0 is a term used to describe the new generation of the Internet based on decentralization, blockchain technology and tokens. This new internet aims to give users more control over their data, identity and digital assets, without the need for the mediation of big tech companies or regulators. In this blog we will explain what Web 3.0 is, compare it with previous stages of the Internet, explain how it works, and how you can get involved in this revolutionary change of the Internet.

Source: cointelegraph

What is Web 3.0?

Web 3.0 is the name for the third stage of Internet development, which differs from previous stages in that it does not rely on centralized servers and platforms, but on distributed networks and protocols. This new stage of the internet uses blockchain technology as the basis for the creation of decentralized applications (DApps) and smart contracts, which allow users to communicate directly with each other, collaborate and exchange value, without the need for intermediaries or regulators. Also, web 3.0 represents advances in the use of artificial intelligence and the Internet of Things (Eng. The Internet of Things, Iot), which enable better understanding, linking and use of data on the Internet. The combination of new technologies used by web 3.0 seeks to create a more personalized, intelligent and safer internet, which respects the privacy and sovereignty of users, but is still emerging and faces numerous technical, ethical and social challenges, and has great potential to transform the way we use the internet and create the digital economy.

Source: cointelegraph

What is Web 2.0?

Web 3.0 and web 2.0 are two different stages of internet development, which are characterized by different ways of using, interacting and creating content online. Web 2.0 is a term that was introduced in 2004. It refers to the second generation of the Internet, which is characterized by a greater emphasis on social networks, user-generated content and data transfer to the Internet. Web 2.0 does not signify any specific technical upgrades to the Internet, but rather a change in the way the Internet is used in 21. century. In the new age, there is a greater level of information sharing and interconnectedness among users. This new version allows users to actively participate, rather than just passively looking at information. Web 2.0 allowed people to publish articles and comment on different platforms, increasing engagement in creating and participating content through creating accounts on different pages. It also enabled the emergence of web applications, standalone publishing platforms, as well as social media. Examples of websites 2.0 include Wikipedia, Facebook, X, and various blogs.

Web 3.0 and Web 2.0 can be compared in several key aspects:

Architecture: Web 2.0 is based on a centralized architecture that depends on the servers of big tech companies such as Google, Facebook or Amazon to provide services to users. Web 3.0 is based on a decentralized architecture that uses peer-to-peer networks such as blockchains to enable distributed data storage.

Ownership: Web 2.0 allows users to create and share content, but not to own their data and digital assets. Web 3.0 allows users to have full control over their data and digital assets, using cryptographic tools such as private keys and tokens.

Security: Web 2.0 is vulnerable to attacks, censorship, and manipulation of data by centralized authorities or hackers. Web 3.0 is more resistant to attacks, censorship and data manipulation, as it uses consensus mechanisms and cryptographic evidence to ensure the integrity and transparency of data.

Source: cointelegraph

How does Web 3.0 work?

Web 3.0 operates on the basis of a distributed network and protocols that enable decentralization, transparency and data security on the Internet. Blockchain technology is used to create and run decentralized applications (DApps) and smart contracts, which are programs that are automatically executed based on predefined rules and conditions. Also, web 3.0 uses DApps and smart contracts to enable users to communicate directly with each other, collaborate and exchange value, without the need for centralized databases. Smart contracts are also used to create new types of digital assets, such as cryptocurrencies, tokens, NFTs… In short, this new form of the internet allows users to have full control over their data and digital assets, using cryptographic tools such as private keys and tokens.

Source: cointelegraph

How do I get involved in Web 3.0?

The first tip is to familiarize yourself with the basics of blockchain technology, which is the heart of web 3.0. Another tip is to choose the blockchain platform where you want to use web 3.0 applications. There are different blockchain platforms that offer different features, performance and ecosystems. The most popular and developed blockchain platform is Ethereum, which supports the creation of decentralized applications (DApps) and smart contracts using the Solidity programming language. Ethereum also has the largest community of developers and users, as well as the richest infrastructure and tools for web 3.0 development. You can learn more about Ethereum from its [službene dokumentacije] or from different courses and tutorials. The third tip is to install and configure the necessary tools and programs for web 3.0 use. These include:

  1. A web browser that supports web 3.0, such as [Brave] or [Metamask], that allows you to access DApps and manage your digital wallets and tokens.
  2. A web application that allows you to use web 3.0 functionality, such as [Uniswap] or [OpenSea], which allows you to exchange, buy or sell cryptocurrencies, tokens, NFTs or other digital goods.
  3. A web service that allows you to access web 3.0 data, such as [Etherscan] or [Coingecko], that allows you to view, analyze and track transactions, smart contracts, tokens or other information from the blockchain.

The fourth tip is to start using web 3.0 apps. You can choose from existing apps that offer different services, games or content, or you can explore new and innovative applications that are constantly appearing on the web 3.0 scene. We recommend that you follow the various guides and reviews that show you how to use web 3.0 apps step by step, so as not to lose money in the dating process.

Source: cointelegraph

Conclusion

Web 3.0 is a term used to describe the new generation of the Internet based on decentralization, blockchain technology and tokens. It aims to give users more control over their data, identity and digital assets, without the need for big tech companies or regulators. In this blog, we explained what Web 3.0 is, how it works, and how you can get involved in this revolutionary internet change. Also, we compared web 3.0 and web 2.0, two different stages of internet development, which are characterized by different ways of using, interacting and creating content online. We hope you found this blog useful and interesting, and that you learned something new about web 3.0. If you want to know more about web 3.0, or have some questions, you can visit our social networks (Twitter, Instagram).