Trends and Technologies Driving Web 0
The vision of Web 3.0 is to create a Web that is less controlled by large companies through decentralized social networks. Despite of major developments in this new era of Internet, the adoption of Web 3.0 is still not accelerated. However, it is continuing.
Here is the list of trends and technologies driving Web 3.0 –
- Use of Decentralized apps: Decentralized apps, also called as dApps, are those applications that are operated outside the authority of a single organization. Some of the examples of dApps are OpenSea, Uniswap, BitTorrent, etc.
- Metaverse: It is a three-dimensional virtual reality space where humans, as avatars, interact with each other and the environment. In October 2021, Facebook rebranded itself as Meta with a vision of building metaverse. The company is developing a VR social platform that allows users to enter a computer-generated world and interact with it in a way that feels real.
- Development of Digital Currencies: In recent times, various decentralized organizations have launched digital currencies. They are only accessible through smartphones or computers over the Internet. Bitcoin and Ethereum are examples of such digital currencies.
- Smart Contracts: They are a type of transaction protocol that is automatically executed when the terms agreed by the buyer and seller are met. Once executed, the transactions can’t be reversed but they are traceable and transparent.
Web3.0: The Next Era of the Internet
Web3.0, commonly known as Web3, is the next era of the Internet. It aims to address the limitations of the previous versions of the Web. From Web 1.0 to Web 2.0, we have been consuming information in a way that we have very little control over. However, Web3.0 claims that it will provide information on users’ preferences and in the desired format.
In this article, we are going to explore the features of Web3.0 and how it is going to affect internet users like us. But first, it is necessary to understand how the World Wide Web has evolved over the years.