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Understanding the Web 3.0, the definition | Argos KYC

With all the new terminology such as NFTs, metaverse, DeFi, cryptocurrency, and blockchain, Web 3.0 is also a new term. Web 3.0 is the third generation of the internet where internet services including websites and apps will be able to process information in a smart human-like way. Web 3.0 can also be well understood with decentralization and blockchain.

As you can guess, there are Web 2.0 and Web 1.0.

Web 1.0 is the first internet in the 1990s. Accessing information through the web was quite new and also limited. You can think looking for information on the web was a major purpose of getting online. It was hard to think about the connection or networking online. Most people were consumers, not producers of content.

Web 2.0 is where we are experiencing the internet. Finding information is better and more convenient through algorithms. Not only that, it became a place to interact with the advent of various web platforms such as YouTube, Facebook, Wikipedia, Blogs, and more. Unlike Web 1.0 where only a few were creating content, Web 2.0 has become an era where various people can create, join, communicate, share, and connect.

Web 3.0 is something more advanced than the current environment of Web 2.0. It is yet to come but it is way smarter and revolutionized that may process information like a human. The difference between Web 2.0 and 3.0 is that Web 3.0 is more focused on the use of technologies like machine learning and AI to provide relevant content for each user instead of just the content other end users have provided.

Also unlike Web 2.0 where most things run through big companies, Web 3.0 possesses the idea of creating software and platforms in a decentralized way, not depending on the traditional technology companies. In an ideal world, Web 3.0 services are supposed to be operated, owned by, and improved upon by communities of users. Let’s dive deep into the usage of blockchain with a decentralized environment in the next post.

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