Is Web 3.0 the next generation Internet?

Musk recently replied on Twitter to Sam Altman, President of Y combinator, an American business incubator, "Web3 sounds like nonsense."

So, is Web 3.0 really as meaningless as musk said?

No matter what the external voice is, the web is entering a new stage of development. The third generation web is coming, and the Internet is being rebuilt.

If you have entered the encrypted community on twitter, video game forums, or recently seen information about Facebook metauniverse, you are likely to encounter expressions like "Web 3.0".

What is Web 3.0? In a word, Web 3.0 is a more user-centered, transparent and secure Internet that focuses on making things more humanized.

To fully understand Web 3.0, we must first understand the meaning of Web 1.0 and Web 2.0.

1、 From web 1.0 to Web 3.0

Looking back on the development history of the Internet, we have evolved from Web1.0 to Web2.0 at the beginning, and then to the proposal and exploration of the concept of Web3.0. Everything is carried out around the increase of users' rights and the continuous evolution of the importance of users' role in the Internet.

Web 1.0: the beginning of everything

In the era of Web 1.0 at the beginning of the birth of the Internet, the Internet is basically a "read-only" mode. Netizens can log in to major portals to browse and read any new information they want to see, but they can only see and can not interact.

Web 2.0: opening up new horizons

In the period of Web 2.0, with the rise of social media, we began to make various interactions, giving birth to a new interactive network model dominated by users' production and sharing of content.

During this period, users can make and distribute content by themselves and become a big V with important influence, which directly affects the data and traffic of the platform, but the economic benefits transformed from the traffic have nothing to do with us.

Web 3.0: the future of the Internet

People's conception of Web 3.0 is a relatively decentralized, automatic and intelligent new Internet world on the premise that users' personal digital identity, digital assets and data completely return to individuals.

Each of our interactions should be recorded and quantified. We should own our data ownership and use rights and participate in the resulting benefit distribution fairly. This requires joint exploration of a number of technologies, including blockchain, artificial intelligence and the Internet of things.

The trend we are about to witness is that the Internet will develop with the needs and use of users, and ultimately belong to users.

2、 What has changed with Web 3.0

In the current Internet, while users enjoy the centralized platform services, their own information is comprehensively mastered in the platform, which leads to the lack of personal privacy of Internet users.

Therefore, the development of Web 3.0 must be inseparable from digital identity authentication, privacy protection, data confirmation and decentralization.

1. Digital identity

At this stage, the data and identity information of users on various Internet platforms are separated from each other, so they need to register repeatedly on different platforms, which intensifies the data monopoly and island effect of the platform.

Web3.0 can manage the personal database by the user through a decentralized general digital identity system. No third party can access and tamper with it at will. The user can independently authorize what kind of identity information is used for what purpose without worrying about the disclosure and theft of identity information.

2. Data confirmation

In the Web 2.0 environment, users' personal data is firmly held in the hands of third-party platforms and stored in centralized servers. They are always faced with the risk of data tampering, deletion and trafficking.

In the concept of Web3.0, the characteristics of the blockchain such as non tamperability and information transparency ensure that any behavior that wants to obtain user data needs to obtain the user's own authorization, so as to ensure the user's data ownership and value ownership.

3. Value redistribution

In the era of digital economy, data has long become a means of production to create value. However, as the provider and producer of Internet big data, the value generated by data is distributed to the centralized platform mastering a large amount of data free of charge.

In the decentralized network world, everyone has become the center, and Internet service providers can no longer occupy and use users' precious personal data for free. This will completely change the business logic and distribution mode of the existing Internet and create a more fair, open and transparent free market competition environment.

4. Ubiquitous full connectivity

Over time, Web 3.0 will work seamlessly on any device. The Internet of things will attend parties, and each home device can be controlled anywhere and used as a network access device where appropriate.

This means that your identity, most of the things you own and all of your data, as well as every software function you have the right to use, will be linked together and can work together.

3、 Problems and challenges faced by Web 3.0

Web 3.0 is still in its early development stage. Although Web 3.0 provides us with a better idea, we still face many difficulties on the way to Web 3.0:

1. Voices of opposition

Under the long-term centralized Internet mode, users have formed a habit of trusting everything to a centralized third-party platform. They believe that today's Internet has developed to an almost perfect stage, and Web 3.0 seems to be unnecessary, because today's Internet can meet everyone's needs.

2. Technical bottleneck

Compared with the current centralized network, the scalability and efficiency of the current decentralized network are still poor. Even though some fragmentation technologies have achieved leapfrog progress in scalability, the overall performance is still relatively slow and inefficient.

3. Unclear regulatory mechanism

Facts have proved that the decentralized network without supervision and control is easy to become a hotbed of low-quality content and breed bad products, and the formulation of a reasonable supervision mechanism requires a long time of running in and exploration.

4. Difficult to popularize

The content of popular science for users in Web 3.0 far exceeds the knowledge of popular science for blockchain, bitcoin and cryptocurrency. Of course, developers can also design applications through a variety of designs that are no different from traditional apps, so that users can not feel the existence of these complex operating mechanisms at all. However, such development tools are just beginning.

4、 Web 3.0 and metauniverse

At present, the meta universe is indeed an advanced "concept" that cannot be realized for a long time in the future. It needs hardware and software to build together, and needs to improve various technologies as support. As the integrator of various technologies, its development process will be long. In this process, Web3.0 may be the only way.

Web 3.0 will be a more open, fair and secure network. Digital identity authentication, privacy protection, data right confirmation and decentralization are not only the key to the development of Web 3.0, but also the necessary factors for the development of meta universe.

In addition, the Internet of things has been connecting more and more devices to the Internet, moving towards the goal of "interconnection of all things". Although the access of all equipment has not been fully realized at present, with the further improvement of 5g or 6G communication technology and the improvement of the layout of relevant facilities, it will become a reality to enter the Internet world anytime and anywhere.

Web3.0 hopes to break the barriers of Internet giants and make users' data information and value truly belong to themselves, which is in line with the characteristics of the meta universe.

Many people in the industry also regard Web 3.0 as the basis for creating the meta universe, which has strong practical guiding significance and commercial value for the meta universe.

5、 Conclusion

Since the birth of the Internet, it has gone through more than 30 years. Until today, although there is still a certain distance from the ideal Web 3.0, the relevant basic technologies are developing rapidly.

Emerge in an endless stream of point the day and await for it. We will be in the eve of the outbreak of Web 3. New technologies, new concepts and new projects will emerge one after another. There may be bubbles. But the future large-scale landing is just around the corner.

With the passage of time, when Web3.0 gradually takes shape, users will have more choices, can really master their own data, master the voice in the decentralized Internet environment, and realize the real "Internet people are the masters of their own home".

About Us

DPTech is co-founded by several senior European and American security experts, and a core security R&D team with international first-line talents is committed to improving the overall security, privacy and usability of the blockchain ecosystem. By publishing industry trend reports and real-time monitoring of ecological security risks, it provides customers with visual solutions that meet international advanced security technology standards, and strengthens network security monitoring, early warning and defense capabilities. After years of accumulation of blockchain experience, DPTech has been recognized by dozens of well-known exchanges around the world.
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