web-30-is-next-generation-internet
Web 3.0 is a term that is used to describe the next evolution of the World Wide Web. The first version of the web, Web 1.0, was primarily a collection of static, text-based web pages. With the introduction of Web 2.0, the web became more interactive, with the addition of features such as blogs, social media, and user-generated content.
Web 3.0 is often thought of as the "Semantic Web" and it is expected to be more intelligent, more connected, more personalized, and more efficient. This new version of the web is often described as the "intelligent web", where machines and software will be able to understand the content and context of web pages, and use that understanding to improve the user experience.
In the web 3.0 the concept of semantic web is considered key feature, the data of web can be understood by machine and software. The expected advancements in technologies such as artificial intelligence, machine learning, and natural language processing are expected to play a major role in the development of the Web 3.0, as will technologies such as blockchain and distributed ledger systems.
Web3.0 also allow for a more decentralized web, using peer-to-peer networks and smart contract which can enable more self-sovereign experiences for users, applications, and services.
Web 3.0- 2009 Bitcoin
Web 3.0 and Bitcoin are not directly related but they are related in some sense, Bitcoin which was created in 2009 is often considered as one of the key building blocks of web 3.0, as it is a decentralized digital currency which operates on a peer-to-peer network, and it can provide a decentralized platform for secure and transparent transactions.
Web 3.0 -2014 Ethereum
Ethereum is a blockchain-based, open-source, decentralized computing platform that enables the creation of smart contracts and decentralized applications (dapps). It was first proposed in a white paper by Vitalik Buterin in 2013, and it went live on July 30, 2015.Ethereum is often considered as a key technology for the development of web 3.0, as it provides a platform for the creation of decentralized, trustless applications that can operate independently of any central authority. It allows developers to build decentralized applications (dapps) on top of its blockchain, and these applications can be used for a wide range of purposes, from creating digital assets to tracking supply chain information.
Ethereum has also its own cryptocurrency, called Ether (ETH), which is used to pay for transaction fees and computational services on the network. The Ethereum network also allows for the creation of other cryptocurrencies, called ERC-20 tokens, which can be used in a variety of decentralized applications.
The Ethereum network's support for smart contracts and its potential to enable new forms of decentralized, trustless applications has been seen as a key technology that will help drive the development of web 3.0. With the advent of Ethereum, developers now have a powerful tool for building decentralized applications that can operate on a global, decentralized, and trustless network. It has allowed for a vast array of possibilities for self-sovereign experience, decentralized finance and many more use cases.
Web 3.0- 2019 Pi Network
Pi Network is a mobile-first blockchain platform that was launched in 2019. The network aims to create a decentralized and secure cryptocurrency that can be mined on mobile devices. It was created by a team of Stanford PhDs, and it aims to make mining accessible to anyone with a mobile device, regardless of their technical expertise.Pi Network uses a consensus mechanism called "Social Mining" where individuals can earn Pi by contributing to the security of the network, such as by verifying transactions, and by inviting others to join the network. This allows for a more decentralized and less energy-intensive form of mining compared to traditional proof-of-work algorithms.
The Pi Network aims to create a decentralized, secure, and sustainable cryptocurrency that can be used for a wide range of purposes, from everyday transactions to micropayments. It also aims to create an ecosystem of decentralized applications that can run on top of its blockchain.
Pi Network while it has a lot of ambitious plans, but it's still in its early stages and has not yet fully developed its network and ecosystem, and it's not yet clear how well it will be able to achieve its goals. However, It's mobile-first approach, its focus on accessibility, and its plan to use social mining as a consensus mechanism, are all features that align with the web 3.0 vision of a more decentralized and more accessible web.