WEB 3.0

What is Web 3.0? The web we know today is the 2.0 version of the internet, but what comes next? What will be the defining element of Web 3.0? This article explores what Web 3.0 means and talks about where it's headed in the future.

An Overview of Web 1.0, 2.0 and 3.0

Web 1.0 (1990s-2000s): The World Wide Web was invented in 1989 by Tim Berners-Lee, a British computer scientist, who wanted to share scientific data with colleagues across the globe. The web grew from there to become an information resource that reaches more people than any other communication medium in history. Mosaic's browser had no directory or search engine, but it was easy enough to find what you were looking for if you knew its URL. In 1993 Yahoo! and Lycos were founded as search engines, AOL began its dominance of dial-up internet access and Amazon became the first major online bookstore.

The World Wide Web

In 1991, Tim Berners-Lee invented a revolutionary way to store and share information over the Internet called the World Wide Web (Web). You can think of it like an interconnected library that's open 24 hours a day, 7 days a week for anyone to come in and explore. There are many different ways to view the library: through your web browser, through your email client, or even on your phone! And there are thousands of different books that you can explore by typing in their title or ISBN number at any time you want.

A Brief History of the Internet

It's hard to believe that it all started back in the early 1990s when Tim Berners-Lee, working for CERN, envisioned a web as an information system. His idea was to use hyperlinks on web pages to connect related information together and allow people from across the globe to share their knowledge with each other in real time. This vision became a reality with his invention of , HTTP and URLs – which are still being used today! But it wasn't until 1993 that he posted his proposal for a global hypertext project on one of CERN's internal computers and then later released his first public description of what he had been working on at CERN in March 1994.

Hypertext Transfer Protocol (HTTP)

HTTP is a protocol that enables the full and open of information on the web, so it's no surprise that HTTP has become one of the most widely used protocols in use today. HTTP defines how data should be formatted, addressed, transmitted, routed, and received across a network such as the internet. To create an HTTP request, an application needs to format a data request line with the appropriate method for communication (e.g., GET) followed by any parameters for accessing specific resources (e.g., location). To start receiving information from an HTTP response, applications need to read header fields until they reach one containing Content-Length. The Content-Length header contains the total number of bytes available for reading in the response message body; if this field is not present or zero length, then there are no bytes left to read from this message and you have reached the end of it.

The bust

Yes, there was a dotcom bust in 2000, when many internet businesses collapsed and investors lost tons of money. But it's not as bad as you might think. In fact, some would argue that the failure of these companies allowed for new innovations to take root and grow strong as they took advantage of lower-priced real estate and available talent pools. As a result, we have seen an explosion in mobile applications and social media platforms such as Instagram, Facebook, Twitter, etc., all born from the ashes of what was once deemed a bubble gone bust.

Why Is the Future of Web 3.0

The entire cryptocurrency industry has been exploding recently, and now there are thousands of different cryptocurrencies you can buy, sell and trade online. But the main question remains, how do these cryptocurrencies relate to Web 3.0 and why should you care? Here's everything you need to know about how cryptocurrency relates to Web 3.0 and why it's going to be the future of e-commerce, online payments, enterprise and more!

The original vision for the World Wide Web was decentralized

In his original essay, Berners-Lee outlines his vision for what he called a web of information. This was to be a web that was decentralized and not controlled by any one central organization or person (Berners-Lee's proposal for web 2.0). The creation and distribution of content would be empowered by two key technological developments: Hypertext Transfer Protocol (HTTP) and Hypertext Markup Language (HTML). These technologies enabled anyone to publish their own content on the World Wide Web, without requiring approval from any central organization or person.

Decentralized Systems have many Advantages over Centralized Systems

1) Decentralization is a form of censorship-resistant architecture, meaning that it does not rely on a single authority to store information or provide services. 2) Due to decentralization, records are spread across multiple computers, making it extremely difficult for one attacker to disrupt service or modify data. 3) Centralized systems are constantly vulnerable to data breaches and cyber attacks; decentralized systems do not suffer from this vulnerability as the information is stored in multiple locations which cannot be accessed by hackers at once. 4) Decentralized systems are more efficient than centralized ones as data does not need to be transferred between different parts of the system every time a transaction needs to be verified.

What does it mean for the Future of Payments?

As society becomes more and more globalized, currency is becoming a less-useful medium for transferring value. Today, people in different countries use different currencies to buy goods and services from each other (e.g., U.S Dollar, Brazilian Real). This means that as they make purchases they have to exchange one currency for another at some point in the process, which has two problems: it's expensive and it takes time.
This is where cryptocurrency comes into play – a new kind of digital money that can be used to complete transactions without needing an intermediary like PayPal or a bank.
Many other Industries will be disrupted by Cryptocurrencies
We need to understand that cryptocurrency is much more than digital money. It's a new way for people and organizations to transact with each other without powerful intermediaries like and governments, who often act as gatekeepers in many parts of our lives, standing between and what we want to do. The future of cryptocurrencies will be determined by how they can provide greater independence in exchange for the convenience they provide through their ease of use and global reach. Cryptocurrencies are decentralized and are not backed by any government or institution which means that transactions between parties takes place through a public ledger system called blockchain which records transactions anonymously but is confirmed by multiple computers on the network or nodes ensuring safety against frauds and hacking.

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