What is Web3? Everything you need to know about the new web generation

The Internet has evolved to a point where we can share and transmit almost anything we want across space and time. Cohost AI believes that it will continue to exist and improve over time. The popularity of Metaverse, as well as Web3, is considered to be the pinnacle of the Internet with its boundless technological and augmented reality possibilities. Let's find out what Web3 is and how it will change our lives with Cohost AI!

What is Web3?

Web 3 (also known as Web 3.0) is considered the 3rd generation of the Internet. This is seen as a major shift in the identity layer of the Internet and, in many cases, a shift from centralized services to decentralized systems. Web 3.0 is a blockchain security system that is based on Artificial Intelligence (AI) and Machine Learning (ML), Semantic Web (Semantic Web).

Web 3.0 is an improved version of Web 2.0 that gives users more flexibility and interactivity. Web 3.0 transforms the web experience by incorporating Artificial Intelligence and advanced blockchain technology to improve the user experience. Data is securely stored and distributed across a variety of devices thanks to Web 3.0. This eliminates the need for centralized servers and the risk of data leakage.

The evolution of web generations

Web 1.0 - Information Display

Web 1.0 is the "Reading Era", where almost any Internet user can browse and find information, but publishing anything requires a specialized skill set.

Web 1.0, which ran from 1989 to 2005, is regarded as the first and most trusted Internet of the 1990s, though users still have limited access to information flows. Furthermore, Web 1.0 lacks algorithms for filtering Internet pages, making it difficult for users to find information. It is analogous to a one-way street with narrow passageways, where only a select few can create content and information derived primarily from directories.

Web 2.0 - Information Transfer

Web 2.0 is known as the "Read, Write Era" because it was born on social media platforms such as Facebook, Instagram, and Tumblr. Web 2.0 provides an extremely simple means for users to contribute their own opinions and information to the Internet, thanks to the rapid growth of social networking sites.

Because of technological advancements, social networks have become much more interactive from 2005 to the present. This enables startups to create highly interactive web platforms for customers, such as YouTube, Facebook, Wikipedia, and many other well-known platforms.

Because data and information can be distributed across many different platforms and applications, this is regarded as an open road for content producers to unleash their users' creativity.

Web 3.0 - Delivering Value

Web 3.0 will be known as the "Read, Write, Own Era," when the Internet allows users to own their data. Through the power of Artificial Intelligence and intelligent programs that assist users, users can become smarter or process information with near-human intelligence. We can find love thanks to the use of apps.

We believe our digital neighbors when they recommend the best restaurants or places to live. We also entrusted our most treasured commemorative photographs to digital behemoths for eternal preservation. However, when humans can "automatically interact" with systems, Web 3.0 ushers in a completely new revolution. Both humans and machines will be involved in the process of creating content and making decisions, enabling intelligent delivery of the most relevant content directly to the user.

Differences between the Web

How does Web3 work?

The core of Web 3.0 is blockchain - a peer-to-peer, self-governing, secure network built around the distribution of developers and users on the network. Building Web 3.0 services (also known as dApps or decentralized applications) entails rewarding those who contribute to the service's development.

All information or customer data will be recorded in the blockchain; Web 3.0 helps users access and use all their data on the website system with just a single account.

Web 3.0 operates primarily through a form of decentralization - which is one of the pillars of blockchain and cryptocurrency technology. As a result, Web 3.0 has improved security, privacy, and transparency, enabling digital identity.

Visitors can search for all updated information on a massive data warehouse, and customers can search for all knowledge and information on Web 3.0. Furthermore, users can efficiently perform a large number of transactions without the assistance of intermediary servers or services.

The main features of Web3

Ubiquity

Web 3.0 make the Internet available to us from any location and at any time. We are approaching a tipping point in which the Internet will no longer be limited to computers and smartphones, as it was in Web 2.0. The Internet of Things and advanced technology will enable the creation of a plethora of new types of smart devices.

Semantic Web

This is considered an advanced type of web in which all content is analyzed based on word meaning. According to Berners-Lee, the Semantic Web enables computers to analyze a wealth of web data such as content, transactions, and human-to-human connections.

The use of semantics on the Web will enable computers to decipher human meanings and emotions through data analysis. As a result of the improved data connection, Internet users will have a more optimal experience.

Artificial Intelligence (AI)

Artificial Intelligence (AI) can be defined as the ability to read and decode the meaning or emotions conveyed through a set of data, thereby creating machines. clever. Although Web 2.0 had similar capabilities in the past, it was still primarily human-based. This creates a lack of transparency in how misconduct occurs, such as product bias reviews, rating fraud, etc.

Artificial Intelligence (AI) accurately analyzes and processes received information, using the same technological understanding as humans to produce the most accurate results.

Spatial Web and 3D Graphics

Web 3.0 is also known as the Spatial Web because it blurs the lines between the physical and digital worlds by revolutionizing graphics technology, bringing a clear focus into the 3D virtual world. Unlike its 2D counterparts, 3D graphics are increasingly being used not only in-game applications but also in a variety of other fields, such as real estate, healthcare, e-commerce, and others.

Advantages and disadvantages of Web 3.0

Advantages of Web 3.0

• Web3 has the ability to store data permanently.
• Using Web3 eliminates the need for an intermediary, instead allowing for a direct connection with each other.
• Privacy and data control are ensured.
• Decentralized data storage allows for seamless service.
• Transparency
• A single profile that is compatible with all platforms.
• Artificial Intelligence (AI) and Machine Learning (ML) enable advanced data processing.

Disadvantages of Web3

• Advanced device specifications
• In many cases, processing speed is slow.
• Because blockchain has not yet been widely adopted, many users are unfamiliar with it.
• Data on the blockchain is difficult to delete, resulting in a backlog of garbage data.
• Complex functionality for inexperienced users.

Applications of Web3

Siri

Apple's voice-controlled AI assistant has become more intelligent and more capable over time, thanks to technological advancements. Siri performs complex commands with high personalization using voice recognition.

Siri and other AI virtual assistants, such as Amazon's Alexa or Samsung's Bixby, can understand many complex requests such as "Where is the nearest post office" or "Make an appointment at 8 am tomorrow".

Wolfram Alpha

Wolfram Alpha is a "calculated knowledge search engine" that is prepared to answer your questions rather than simply providing information about related websites, as regular search engines do. Everything can be done visually, interactively, analyzed, simulated, apps, web programs, and much more.

DAOs

The DAO (Decentralized Autonomous Organization) represents the future of people organizations via the Internet. DAOs are designed to provide structure and decentralized governance for Web3 services, with the potential to become the organizational entity for these services.

The DAO operates on the principle that anyone can join and participate, but you will be rewarded in Tokens for your participation. It will represent your contribution to the DAO's mission and give you the ability to vote on the DAO's direction and decisions.

Filecoin

Filecoin is a decentralized storage network that is used to store critical user information. It enables anyone to rent data sources on the computer, with the tenant paying a corresponding fee to store their data.

FIlecoin employs blockchain technology to coordinate the network with peer-to-peer data, thereby preventing network attacks caused by overloading and storage issues.

Final Thought

With all of the information Cohost AI has provided above, you should now have a better understanding of the definition, benefits, and drawbacks of Web 3.0 and how they will affect our lives in the future. People are living in an era where every industry is hungry for innovation, and Web 3.0 may be the answer to this evolution.