How Does Web 3.0 Work?
The idea behind web 3.0 is to make searches on the Internet much faster, easier and more efficient to process even complex search sentences in no time.
In a web 2.0 application, a user has to interact with its frontend, which communicates to its backend, which further communicates with its database. The entire code is hosted on centralized servers, which are sent to users through an Internet browser.
Web 3.0 has neither centralized databases that store the application state nor a centralized web server where the backend logic resides. Instead, there is a blockchain to build apps on a decentralized state machine and maintained by anonymous nodes on the web.
The logic of your applications is defined in smart contracts, written by the developers, which are deployed onto the decentralized state machine.
Anyone willing to build a blockchain application deploys their code on this shared state machine. The front end remains almost the same as in web 2.0.
Here is a figure depicting the working of a web 3.0 application:
Web 3.0 Architecture
There are primarily four elements in the architecture that make up web 3.0:
- Ethereum Blockchain – These are globally accessible state machines maintained by a peer-to-peer network of nodes. Anyone in the world can access the state machine and write to it. Essentially, it is not owned by any single entity but, rather, collectively by everyone in the network. Users can write to the Ethereum Blockchain, but they can never update existing data.
- Smart Contracts – These are programs run on the Ethereum Blockchain. These are written by the app developers in high-level languages, such as Solidity or Vyper, to define the logic behind the state changes.
- Ethereum Virtual Machine (EVM) – The purpose of these machines is to execute the logic defined in the smart contracts. They process the state changes taking place on the state machine.
- Front End – Like any other application, the front-end defines the UI logic. However, it also connects with smart contracts that define application logic
Web 3.0 will make the web more intelligent, secure and transparent, resulting in more efficient browsing and effective machine-human interaction.
Why Web 3.0 Is Important for the Future
Web 3.0 is a system for users, designed by users in the form of creator-driven platforms.
Here are the top reasons why web3 will become important in the coming years:
- Less reliance on centralized repositories: Web 3.0 will attempt to make the Internet a diverse source so that hackers, leaks and reliance on centralized repositories are avoided. Using verifiable data scarcity and tokenized digital assets, there will be the possibility of users owning their own data and digital footprints. No platform will be held accountable for data usage.
- More personalized interactions: Web 3.0 will become increasingly important in 2022, as most users continue to prioritize customized and individualized browsing encounters on the web.
- Better search assistance powered by AI: There will be an increasing demand for humanized digital search assistants that are far more intelligent, pervasive and powered by semantics, blockchain and AI.
- Reduced dependency on intermediaries: It will help disintermediate businesses, remove rent-seeking intermediaries, and give this value directly to the customers and providers in a network. Network users will work together to address previously hard-to-control problems by mutual ownership and governance of these new decentralized intelligence structures.
- Rise in peer-to-peer connectivity: Through new Internet inventions, the connection between members and organizations will remain innately robust to keep in line with more adaptive peer-peer interaction and governance. With peer-to-peer connectivity, humans, businesses and machines will be able to share more data while maintaining greater privacy and security.
- Enhanced trust: With the knowledge of the next Internet generation, we can reduce dependency on individual platforms to future-proof entrepreneurial and investment activity.
Examples of Web 3.0 in Real Life
Web 3.0 is already implemented in various areas, including virtual assistance, education, social networking, messaging, exchange services, browsing, etc.
For instance, while you’re sitting in the office, if you wish to check the availability of groceries in your home, you can ask your digital assistant to examine the contents of your fridge by communicating with the interconnected smart devices at your house.
Moreover, you can organize your holiday plan, business trip, weekend party, household tasks and even ensure your home security by using your ubiquitous Internet-connected devices at home. The virtual assistant’s personalized recommendations help you arrange the perfect weekend, from booking your tickets with a discount to finding exciting places to explore to reserving hotels.
Web 3.0 and Metaverse
Metaverse is quite a buzzword since Facebook recently announced its new name ‘Meta’. The idea is to showcase that the company is moving fast towards a Metaverse. However, Metaverse is still not a reality, but soon could be the next evolution of the Internet.
Metaverse generally refers to shared virtual world environments or a computer-generated environment, which is accessible to users via the Internet. It is a digital space that is designed as more lifelike by using “extended reality,” the combination of augmented, virtual and mixed reality.
At the moment, people interact with each other through social media platforms or by using messaging applications. In the virtual space, users will have their own “character” that can walk around and interact with other users. They can communicate with one another through avatars, text messages, sounds, music videos, video games, etc.
This means that people will have a 3D experience on the Internet. They can interact, play, work, or join in digital environments as if they are experiencing it in reality rather than just watching the content.
The role of web 3. 0 is vital in making Metaverse a reality, specifically if it uses blockchain technology. In other words, web3 will enable the virtual world to exist online and be accessible through a web browser.
Presently, Metaverse is more associated with virtual gaming, but this is not limited to only games. The scope of the web 3.0 Metaverse is much broader that also includes the education industry. For example, in an education Metaverse, users can enter an immersive classroom and interact with their teacher and other students.
In the future, web 3.0 and Metaverse will together proliferate in all aspects of society.
Final Thoughts on Web 3.0
We are heading towards an Internet where people will have complete control over their data and privacy, and permit companies to use their data (or not). All this will be powered by blockchain.
Therefore, web 3.0 will accelerate the honest and transparent use of user data, from personalized search results to cross-platform development tools and the use of 3D graphics. The web will become more immersive and interactive.
The new Internet will be here soon! Let’s embrace web 3.0 with open arms.
Source: https://www.singlegrain.com/web3/web-3-0
