The Internet as we know it
The internet as we know it has been a marvel over the last couple of decades it has enabled us to do incredible things. The internet so far has been broken into phases namely web 1.0, web 2.0 and now web 3.0 in which it has been developing.
Web 1.0
The first stage of the World Wide Web’s evolution is referred to as Web 1.0. In Web 1.0, there were only a few content creators, with the vast majority of users being content consumers. Personal web pages were common, and they mostly consisted of static pages hosted on ISP-owned web servers or free web hosting services.
Design Essentials of Web 1.0
- Static pages.
- Content is served from the server’s file system.
- Pages built using Server Side Includes or Common Gateway Interface (CGI).
- Frames and Tables are used to position and align the elements on a page.
Web 2.0
Mainly known as the Internet of information Web 2.0 refers to user-generated content, usability, and interoperability for end users on websites all over the world. The participatory social web is also known as Web 2.0. It does not relate to a change in a technical definition, but rather to a change in the way Web pages are created and consumed. The transition is advantageous, although it does not appear to be the case while the changes take place. As the developer of user-generated content in a virtual community, Web 2.0 allows for interaction and cooperation with one another in a social media discussion. Web 1.0 is a version of Web 2.0 that has been improved.
Major Features of Web 2.0
- Free sorting of information, permits users to retrieve and classify the information collectively.
- Dynamic content that is responsive to user input.
- Information flows between the site owner and site users by means of evaluation & online commenting.
- Developed APIs to allow self-usage, such as by a software application.
- Web access leads to concern different, from the traditional Internet user base to a wider variety of users.
Web 3.0
Known as the Internet of Value Web 3.0, the next generation of the internet, aspires to be a decentralised version of the virtual world in which users may intelligently communicate and collaborate without having to worry about central, data-specific repositories.
What is the Internet of Value ?
In simple terms, the Internet of Value is an online area where people may immediately transfer value amongst each other, bypassing middlemen and lowering expenses. Anything of monetary or social worth, including currency, properties, stocks, shares, intellectual property rights, scientific discoveries, and even a vote in an election, might theoretically be exchanged between parties. This is all enabled by what is commonly referred to as blockchain technology.
What problem does the Internet of Value Solve ?
Web 2.0 was fantastic, but it had one major flaw: without a powerful intermediary, you couldn’t store, transport, or exchange value. Web 3.0 gives ownership back to individuals as compared to ownership by institutions and organisations this is mainly due to its decentralised nature and that gives birth to new possibilities
- Removes Regulation and Middleman
- Give rise to entirely new businesses and industries
- Increase financial inclusion for millions of underbanked consumers
- Easy and Auditable Assets transfers (NFT’s)
- Increased Security & Anonymity