The term web3.0 is something that is more than just a social media, it is an important aspect in the future of internet activities as it embraces personal development and revolution which brings about control in data ownership and native financial payments. In the evolution of internet, it started from web 1 to web 2 which has gained popularity among the world user. The future is here and web 3 is starting to take over from the limitations offered by the web 2.
WHAT IS WEB 3.0
Simply put, web 3.0 is a successor of the 2nd generational form of internet know as web 2.0.while web 2.0 deals with a centralized form of database, web 3.0 deals with a decentralized data based system which brings about an open ground for content creators.
WEB 3.0 VS WEB 2.0
The major difference between this two cannot be overemphasized. Web 3 came as an improvement on web 2 and to offer a more advanced and accessible service in digital evolution.
In web 2.0,this system of internet which is currently in use monetizes its user data base and relegated ownership of data. Examples of web 2 internet are Twitter, Facebook, YouTube, LinkedIn etc. All this apps are centralized and an individual has no control or ownership of data stored. One other limitation of web 2 is the constant breach of server base thereby bringing about loss of data. One has to worry about free speeches depending on the government of the country just like what happened in Nigeria that let to Twitter ban for some months. It is propagandistic and profits are directed to the company and not personal.
WHY WEB 3.0 IS THE FUTURE
Although it involves a gradual process for growth and still in its early stages but it is still the most talked about in the crypto world. Evolving as a decentralized data base system it offers new financial opportunities and allows users control their digital assets, online contents and so on.
Examples of web 3 includes:
- Blockchain
- decentralized social networks like hive
- Bitcoin network
- decentralized autonomous organizations
- play to earn games
- tokenised communities
- content creation...
- Non-fungible tokens (NFTS)
BENEFITS OF WEB 3
- it is an accessible service that is void of unnecessary deprivation
- it is decentralized which brings of distribution across various aspects.
- it brings about a massive change in finances.
- allows one to take control over database
- its involvement in crypto cannot be overemphasized, which allows users to earn.
- tokenised communities use tokens as form of native payment for content
- web 3 apps run on Blockchain and are referred to as Dapps (Decentralized applications).
- users data in this web 3 technology is private and secured.
- it's a means to create employment opportunities.
In view of all that has been said, the evolution of web 3 creates an expansion of activities on the web chain. In my perspective, hive is a valuable example of web 3 activities, a Blockchain that allows it users take control of their content in a decentralized body and even earn from partaking in activities such as posting, commenting, blogging, play to earn games. Tokens are earned or staked to improve one's influence on the block chain.
Web 3 is here and it has come to takeover the limitations of previous web 2 limitations. This third generation web technology is here to stay✌️.