Understand Web 3.0 in just 3 minutes

The 1990s saw the advent of the first consumer version of the Internet (Web 1.0). Very limited in interaction with web pages, exchanges were mainly via chats, forums and blogs.

Then a more elaborate Internet emerged in the first decade of the twenty-first century which gives prominence to social interaction via the explosion of social networks. The speed of data transmission thanks to ADSL and optical fibers has contributed to interconnection, digitization, consumer targeting, etc.

How can this new Internet be defined?

The ” web 3 Or “Web 3.0” is the worthy successor to Internet 2.0 It aims to address a key issue: Giving the user control over the management of his or her personal data Thanks to the security offered by blockchain technologies. Hence it represents a Go to the online community Where users participate in the future of platforms and break free from the control of GAFAM such as Facebook, Google…

Added to this is the birth of NFT, financial transactions in cryptocurrencies (staking, mining, etc.), smart contracts and decentralized applications, not to mention the ultimate revolution: the metaverse revolution.

How does Web 3.0 work?

In addition to the fact that the user finds himself at the center of the process and has complete control over his personal data, this Web 3.0 also relies on encoding, monetizing and then monitoring content in a decentralized manner.

This is the next evolution of the internet Offers users direct interaction without mediation. Users will interact by joining a Decentralized Autonomous Organization (DAO), i.e. a collective entity owned and operated by members of its community.

Before everything, Adoption of this web 3.0 will pass through the use of “wallets”. In other words, by the mass opening by individuals of digital wallets dedicated to tokens. The necessary element was in the same way that mailboxes were created twenty years ago to exchange all kinds of data with other users.

What can we expect from Web 3.0?

  • The The data will use smart contracts (Smart Contracts) are universally accessible.
  • The Transactions will be recorded within the blockchain.
  • The Markup (via NFT) allows creators to retain originality and full ownership of their work.
  • Data integration is no longer dependent on a central authority (bank).
  • The The metaverse will introduce a new virtual experience With great revenue potential for the entertainment and marketing industry.
  • Full use of the following services: Cryptocurrency payment, machine learning, interpretation of legal works, augmented reality, geolocation services

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What are the advantages and disadvantages?

There are many advantages for Internet users, including:

  • The Take full advantage of blockchain technology To provide users with complete control over their data, content and privacy.
  • Emergence of a new decentralized digital economy Through the use of cryptocurrencies.
  • Unlimited development possibilities thanks to the use of DeFi.

Despite the undeniable advantages, Web 3.0 still suffers from many criticisms:

  • The immaturity of blockchain technologies Because they remain vulnerable. Security is not always guaranteed and depends on projects and their engineering.
  • Piracy is an epidemic This leads to the theft of large amounts of money or personal data.
  • Despite the increased media coverage, Cryptocurrency and blockchain remain obscure concepts for many who do not yet understand their inner workings.

Conclusion: What are the prospects for this Web 3.0?

A new revolution for the next decade, The use of the blockchain offers unexpected and hitherto unparalleled possibilities. But this will require massive purchases from the general public and will depend on how the latter is allocated to the technology.

A pure utopia for some, It’s hard to believe that Web 3.0 will easily make Web 2.0 disappear. Regulators (central banks and governments) will not allow themselves to be isolated. Likewise, intermediaries (GAFAM in particular) intend to intervene to maintain a certain control over the Internet user.

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