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What Is Web 3.0?

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  • Web 3.0 is coming — but what is it, and where did Web 1.0 and 2.0 go?

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Something New

  • Imagine a new type of internet that not only accurately interprets what you input, but actually understands everything you convey, whether through text, voice or other media, one where all content you consume is more tailored to you than ever before. 
  • We are at the tipping point of a new phase in the web’s evolution. 
  • Some early pioneers call it Web 3.0. 

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  • Arguably, there are a few early-stage Web 3.0 applications that already exist today, but until the new internet becomes fully embedded in the web infrastructure, their true potential cannot be observed.��But what exactly is Web 3.0, what will it  look like and how will it change our lives?

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  • Web 3.0 was originally called the Semantic Web by World Wide Web inventor Tim Berners-Lee, and was aimed at being a more autonomous, intelligent, and open internet.��The Web 3.0 definition can be expanded as follows: data will be interconnected in a decentralized way, which would be a huge leap forward to our current generation of the internet (Web 2.0), where data is mostly stored in centralized repositories. ��Furthermore, users and machines will be able to interact with data. But for this to happen, programs need to understand information both conceptually and contextually. With this in mind, the two cornerstones of Web 3.0 are semantic web and artificial intelligence (AI). 

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Web 3.0 Technologies 

  • There are a few details that we need to keep in mind when looking into Web 3.0 tech.
  • First of all, the concept isn’t new.
  • Jeffrey Zeldman, one of the early developers of Web 1.0 and 2.0 applications, had written a blog post putting his support behind Web 3.0 back in 2006.
  • But talks around this topic had begun as early as 2001.

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Evolution of the Web 3.0 Technologies

  • Web 3.0 will be born out of a natural evolution of older-generation web tools combined with cutting-edge technologies like AI and blockchain, as well the interconnection between users and increasing internet usage.
  • Apparently, Internet 3.0 is an upgrade to its precursors: web 1.0 and 2.0. 

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Web 3.0, Cryptocurrency and Blockchain�

  • As Web 3.0 networks will operate through decentralized protocols — the founding blocks of blockchain and cryptocurrency technology — we can expect to see a strong convergence and symbiotic relationship between these three technologies and other fields.

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  • They will be interoperable, seamlessly integrated, automated through smart contracts and used to power anything from micro transactions in Africa, censorship-resistant P2P data file storage and sharing with applications like Filecoin, to completely changing every company conduct and operate their business.
  • The current slew of DeFi protocols are just the tip of the iceberg. 

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  • Web 1.0 (1989-2005)
  • Web 2.0 (2005-present)
  • Web 3.0 (yet to come)

  • Web 3.0 is the next stage of the web evolution that would make the internet more intelligent or process information with near-human-like intelligence through the power of AI systems that could run smart programs to assist users. 

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  • Tim Berners-Lee had said that the Semantic Web is meant to "automatically" interface with systems, people and home devices.
  • As such, content creation and decision-making processes will involve both humans and machines.
  • This would enable the intelligent creation and distribution of highly-tailored content straight to every internet consumer.

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Key Features of Web 3.0

  • To really understand the next stage of the internet, we need to take a look at the four key features of Web 3.0:
  • Ubiquity
  • Semantic Web
  • Artificial Intelligence
  • 3D Graphics
  •  

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Web 3.0 Applications

  • A common requirement for a Web 3.0 application is the ability to digest large-scale information and turn it into factual knowledge and useful executions for users.
  • With that being said, these applications are still at their early stages, which means that they have a lot of room for improvement and are a far cry from  how Web 3.0 apps could potentially function.

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  • Some of the companies that are building or have products that they are transforming into Internet 3.0 applications are Amazon, Apple and Google.
  • Two examples of applications that utilize Web 3.0 technologies are Siri and Wolfram Alpha.

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Siri

  • Over the years, Apple’s voice-controlled AI assistant has grown more intelligent and has expanded its abilities since its first appearance in the iPhone 4S model. Siri uses speech recognition, along with artificial intelligence, to be able to perform complex and personalized commands.��Today, Siri and other AI assistants like Amazon’s Alexa and Samsung’s Bixby can understand requests such as “where is the nearest burger joint” or “book an appointment with Sasha Marshall at 8:00 am tomorrow” and immediately come up with the right information or action.

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Wolfram Alpha

  • Wolfram Alpha is a “computational knowledge engine” that answers your questions directly by computation, as opposed to giving you a list of webpages like search engines do. If you want a practical comparison, search “england vs brazil” on both Wolfram Alpha and Google and see the difference.��Google gives the results of the World Cup even if you didn’t include “football” as a keyword, since it is the most popular search. Alpha, on the other hand, would give you a detailed comparison of the two countries, like you asked. That’s the key difference between Web 2.0 and 3.0.

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  • The new internet will provide a more personal and customized browsing experience, a smarter and more human-like search assistant, and other decentralized benefits that are hoped will help to establish a more equitable web.
  • This will be achieved by empowering each individual user to become a sovereign over their data, and creating a richer overall experience

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  • We will see nearly all of today’s normally offline machines, from home appliances like ovens, vacuums, and refrigerators to all types of transport become part of the IoT economy, interacting with its autonomous servers and decentralized applications (DApps), advancing new digital realms like blockchain and digital asset to power a myriad of new tech “miracles” for the 21st century.