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HOME > News > An Introduction to Web3 and How it Works
NewsNFT Review

An Introduction to Web3 and How it Works

Editorial
Posted Editorial January 16, 2022 408 Views 6 Min Read
Updated 2022/12/14 at 4:33 PM
What is Web 3.0?
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The internet is a whole universe in itself, “the greatest human invention”.

Contents
What is Web 3.0?How will it Impact the Digital World?1. Transparent2. Trustless3. DecentralizedConclusion

The internet universe is responsible for our everyday activities and especially when we are living in the post-pandemic time struggling to cope with the hybrid model of working from home and going to the office on specific days.

The Internet has become inseparable and undeniable to humans in a short period and has gone through a lot of evolution since its initial stages. This article will be defining how web 3 is different from web 1 and 2 and how this new web phase will impact the virtual universe of the internet. Now without further ado let’s jump into what is Web 3.0?

What is Web 3.0?

What is Web 3.0? Web 3.0, What is Web 3.0, Web 3.0

For those of you who are not familiar with Web 3.0, the internet is going through a lot of advancements continuously. And now the next target of this digital universe is to modify hyper-intelligent machines and autonomous environments.

Web 3.0 is to incorporate artificial intelligence and hyper-intelligent machines with some other advanced technologies to become more intelligent, autonomous, and transparent.

How will it Impact the Digital World?

Web 3.0 seems promising in modifying the way we interact with the web. The changes can also be more ideological and more functional in terms of the updates in virtual reality and artificial intelligence.

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For now, Web 3.0 is having three basic characteristics. This makes it more versatile and flexible as compared to other previous webs.

1. Transparent

One of the prominent characteristics of web 3.0 is that it is offering transparency and how it will be an open network for all. The transparency is proof that the programs on web 3.0 will be a whole different experience for its users.

The codes will be accessible to all open community developers available on the internet. It is also focusing on the development and the deployment of open source programs with transparency. Web 3.0 defines all open source programs within the lens of virtual resources and offers them to users seeking leverage.

2. Trustless

The trustless phenomenon is not new in the internet universe. Talking about crypto, people wanted a trustless and bankless system without the involvement of governments and local finance bodies. Data theft is prominent on the internet causing havoc on multiple individuals every year. Web 3.0 makes it clear that trusting third parties can be risky and opt for a trustless system for its community.

There should be no insecurities and interference when it comes to data and transactions. Web 3.0 is emphasizing the peer-to-peer manner, eliminating the need for interference or third parties.

3. Decentralized

We all have seen the rise of NFTs on the internet in 2020 and 2021 and loved the idea of decentralized art. Now apply the same idea of decentralization to the web. And, you will have the answer to what possible revolutions will emerge from this.

Until now cooperation is using our data to market their products or to form propaganda which is scary. When you are just a regular consumer of the internet and have no interest in politics or in buying stuff online.

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Web 3.0 will offer decentralization in its entirety and will not allow third-party intervention or data theft. A user’s data will be stored and secured on multiple secure platforms that will not be accessible for cooperation. This eliminates the data theft threats and risks of forgeries.

Conclusion

Web 3.0 is the next revolution and it will not be wrong to say. This took the idea from the decentralized sector on the internet to make the web more secure and decentralized for all without data threats and transparency issues.

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This hyper-intelligent network is just the beginning of a massive leap in network technology. Apart from all those characteristics that we mentioned above web 3.0. This also proposes the implementation of plans or ideologies that will drastically alter the current modus of recent networks. Users will have more power over their data, privacy, and online presence. Rather than, the cooperation that is behind the implementation of data interventions.

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