Web 3.0

Updated: Mar 23

For many people the internet is arguably the most influential technological innovation of recent times, if not all time. The internet as we know it has been through various stages of development since its inception and plays a part in almost all aspects of modern-day life. From mobile banking to social media platforms like Instagram and Facebook, the internet has allowed us to connect with people all over the globe. You may have heard the term web 3.0 being thrown around on social media and in news articles recently. In this article we will discuss web 3.0, what it is, its key features and the advantages that it holds over the current internet.

A brief history of the internet

The first version of the World Wide Web, referred to as web 1.0, was invented in 1989 by an English computer scientist called Tim Berners-Lee and was developed originally to meet the demand for information sharing between scientists in universities and institutions across the globe. There were very few content creators and the average user simply consumed content put out by this small amount of content creators. It provided very little user interaction and is also referred to as the “static web”. This version of the web lasted from 1989 up until around early 2005 when web 2.0 was introduced. web 2.0, known as the participative web or more commonly the “social web”, made the whole web experience more interactive for the average user. Advancements in technology such as JavaScript and AJAX frameworks enabled web users to create interactive platforms including some that we still use today like Facebook and YouTube. For the first time since the web’s inception data could be distributed and shared between various platforms. Quickly, social media and content created by web users themselves began to gain popularity. web 2.0 is the version of the internet that we currently know and use for a wide range of applications. This brings us to the next version of the internet, web 3.0...

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