It is often said with each discovery that the future of the internet is here but what do you think is going to be one such invention that will become the future from all possible means? Laptops, smartphones, digital mediums, online platforms, and so many other such discoveries have improved our lifestyles to quite some extent. Through technology, classrooms have been revolutionized and every others thing as well. From giving the opportunity to the students to buy write my assignment for me online services to enabling teachers to improve their teaching methods through the use of online platforms; we have come a long way.

One such technological development is the introduction of blockchain technology which has made it impossible for the information to be hacked, manipulated, or changed by any other user. So; when you look for can someone do my assignment for me; you won’t have to worry about its confidentiality. Two of the most talked about discoveries related to blockchain technology are crypto-currency and web 3.0. This post is intended to explain all about web 3.0 and how it is the future of the internet.

What is web 3.0?

Have you ever imagined a world where you won’t have to open any app but you can easily convey your message either through your voice, text, or other sources of media? Well! This world is being introduced to us in the form of Web 3.0.  It is being termed as the third generation of the internet that is quickly gaining traction as the future of the internet. From the static informative characteristics of Web 1.0, it progressed into the interactive experience Web 2.0 provides. The next phase of Web evolution, Web 3.0, is already in progress (Bruwer, 2016). 

Web 3.0 is also known as the decentralized web that utilizes blockchain technology to power its operations. This means that instead of relying on a central authority like a government or a corporation, Web 3 is governed by a network of nodes that work together to validate transactions and keep the network running smoothly.

How is web 3.0 the future of the internet?

Web 3.0 is being named the future of the internet. However; it is impossible to say for sure but many experts believe that it has the potential to revolutionize the way we conduct businesses online. With more awareness of web 3.0 and its possible benefits; it is easier to deduce whether it will be the future of the internet or not. But one thing is certain the decentralized web is here to stay. The following are some of the prominent benefits of web 3.0;

·        Transparency and accountability:

One of the main benefits of Web 3.0 is that it is more transparent than the current version of the internet. It is the network decentralize so anyone can view the transactions that take place on it. This makes it more difficult for bad actors to engage in fraudulent behavior and provides a greater level of transparency and accountability.

The decentralized system functions by leaving no central authority or single point of failure. Instead, the network is made up of nodes that work together to maintain the system. This makes it much more resilient and less susceptible to attacks or censorship.

·        Economically beneficial:

Web 3.0 is also a game-changer from an economic point of view. It enables the creation of new decentralized economies that are trustless, secure, and incentivized. Creators can monetize their content and digital assets without relying on centralized authorities that may dictate the terms of engagement with the use of web 3.0.

·        Privacy features:

Yet another benefit of Web 3.0 is that it offers increased privacy features that protect users from surveillance and data breaches. With the rise in data breaches and scandals, privacy has become a primary concern for internet users. Web 3.0 ensures that privacy is a top priority, with features such as zero-knowledge-proof systems and end-to-end encryption.

Web 3.0 is more private than the current version of the internet again because of the decentralized networking system that allows the users to have control over their own data and share it with only those whom they trust.

·        Personalized features:

The Web 3.0 model can potentially enable more customization and personalization for online interactions than the current web pages.

·        Predictive intelligence:

 With the use of Artificial Intelligence and Machine Learning, web 3.0 could be made much “smarter” and more responsive to users than its predecessors.

The limitations of web 3.0:

The spectacular features of web 3.0 are surely making it to be the most anticipated form of technology but at the same time, there are some limitations that are stopping it yet to become the technology of today. Some of its possible limitations are as follows;

·        Regulatory concerns:

As there is no central authority so it makes the system more difficult to operate. The regulatory and compliance options that help to keep online commerce and other web activities safe for users are not present at all, and even if they are present then they are not as effective.

·        Complicated:

The incorporation of blockchain technology, decentralized networks, and smart contracts can make the use of this web page a bit more complicated as compared to web 2.0.

·        Lack of interoperability with Web 2.0:

Web 3.0 is based on a decentralized system meaning web users are likely to continue using both versions for some time to continue benefitting from Web 2.0 applications more than web 3.0.

·        Technology requirements:

As it is one of the most recent inventions so it won’t operate at all in the older versions of the hardware. The recent blockchain developments and applications of web 3.0 are technology intensive which makes it difficult to meet the requirements.

Conclusion:

The latest model of the World Wide Web named web 3.0 is getting much hype since its invention. It is consider to the future of the internet based on its benefits and expected results from it. The above-mentioned post will help the readers in evaluating whether or not it is the future of the internet.

Bibliography

bestassignmentwriter.uk. (2020, Oct 29th). The Age Of E-Learning. https://bestassignmentwriter.co.uk/blog/the-age-of-e-learning/ .

Bruwer, R. R. (2016, Feb 1st). Defining Web 3.0: opportunities and challenges. The Electronic Library , 264-473.