CND - The Decentralized Internet — A Quick Guide to Web 3.0

The Decentralized Internet — A Quick Guide to Web 3.0

What is Web 3.0, and how did it come about?

At the very beginning, there was Web 1.0, and experts call it the read-only era. During this period, the Internet was dominated by static sites. Slow internet connection types prevailed, so media files were infrequent. The protocols were decentralized and community-driven. Most of the value was based on users and developers.

With the advent of the high-speed Internet, it became possible to share information quickly, so this was the start of the era of Web 2.0. The essential feature of this stage is the emergence of social networks. Most of the influence has been gained by several corporations such as Google, Apple, Amazon, and Facebook. Devirtualization replaced general anonymity.

The Internet is now undergoing another revolution as it moves to Web 3.0, which combines the decentralized, community-driven spirit with cutting-edge functionality.

Besides artificial intelligence (AI) and 3D graphics, blockchain and its underlying technologies are the driving force behind the next generation of the world wide web. These features can completely transform the modern Internet, make it transparent and secure, and facilitate the transition from traditional systems to alternative technological services, including cryptocurrency.

It is expected that Web 3.0 will be a revolutionary event not only in people’s daily lives but also for the future of their capital. Investors and developers who have grasped the power of the next-generation Internet will be in an advantageous position as the world begins to take advantage of the benefits of Web 3.0.

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The Decentralized Internet — A Quick Guide to Web 3.0 was originally published in Cindicator on Medium, where people are continuing the conversation by highlighting and responding to this story.