Keeping up with the technological advances to enhance the user experience and catering to its audience in the best way, the internet has constantly been evolving. It started from being a platform where you could only send and receive emails, but now you can virtually interact with people through it.
The era of web three has started, and the updates and advancements are expected to lead to a technological revolution. It will be the main component in powering the metaverse and augmented reality. This will provide people with many conveniences like better trading methods, more investment options, and interacting with people from around the world from the comfort of their homes.
Let’s learn more about web 3 and how it will benefit its users in the long term.
Road to Web 3
The internet dates back to the 1990s, but it wasn’t always as interactive as it is now. Let’s chronologically go through its roadmap and see how it evolved.
Web 1 – The Static Web
The users had no interaction with the web whatsoever. It had static pages which gave information and were used to perform transactions like buying train tickets. You couldn’t talk to other people or browse social media sites. It was simply used for business purposes and was not very common in households either.
Web 2 – The Present Web
The version of the internet we are using right now is Web 2. It is far better than web 1 and has provided several opportunities to communicate with peers and loved ones through various channels. We can also post stuff on social media, watch live streams, read content, edit it, and publish it on social media.
Web 3 – The Decentralized Web
You might think that the current version of the internet provides us with so much ease, so why do we need web 3? You might be familiar with the fact that the internet is not secure, which is true in several cases. For example, you risk losing your personal information as everything is processed through the internet; internet banking, online shopping, and trading all risk leaking your information. Web 3 solves that problem by introducing a Decentralized System.
Benefits of Web 3
Here we will learn about the many benefits of web 3 that make it a smart choice for everyday use.
Blockchain
Blockchain provides a safe and secure method of storing data. The data units in the blockchain are stored in the form of blocks. Once a block is verified, no one can change it or alter the information it carries. Though the data is publicly available, your identity will never be revealed, even to the servers.
Data Ownership
You have complete control over what information you want to share about your data. If you want your information to be completely encrypted, that can be done through web 3. You can own assets and handle them without the intervention of banks. It provides you with the freedom of choice, and you wouldn’t have to pay additional bank charges or interest.
Free Data Access
As the data is completely encrypted, meaning no one can open it without entering a unique code, the data logs are available to everyone on the server. It creates an interconnected ecosystem that helps in the transfer of data within minutes.
Convenience in Interactions
The most significant advantage of web 3 is the advanced communication system. Yes, you can have a call on Zoom and conduct meetings through it, but it only provides the opportunity for one-way communication. Through web 3, you can set up virtual meeting places to conduct social gatherings and business dealings.
Final Words
Web 3 brings a lot of opportunities to earn, learn, and interact through its upgrades. You can conveniently perform trade, earn a bit-by-bit profit, organize a gathering without any expenses, or lend your house. The Internet has always made our life easier, and it continues to do so. You can be safe from hackers, and the blockchains will secure malicious users as all of your online data. There are more upgrades and stability required in web 3, but it is soon expected to complete its trial period and become a household internet service provider.