How Blockchain New Trend Web 3.0 Affect Cryptocurrency
Once again, a new trend has arisen in the technology world. After Metaverse stole everyone's attention by its innovation and preview, it seems like blockchain also has the same intention. Which is to lead a better technology system in the future by launching a new trend. After the usage of cryptocurrency, now blockchain has centralized their system, which is called Web 3.0.
So, what is this Web 3.0? Why do many people call it the future of our technology and web system? And how will this innovation affect the cryptocurrency? Here's the information for you!
Introduction to Web 3.0
Before we explain to you about Web 3.0, it's better for us to look at the last version of each web. Which is Web 1.0 and Web 2.0.
Web 1.0
Web 1.0 is the first iteration of the Internet where it is almost always full with static HTML web pages containing non-interactively relevant data. As a result, most web users are simple consumers of web content, and digital communication is primarily have limit to one-way email and messaging.
Web 2.0
In the 2000s, the world of the Internet gradually began to evolve into the more interactive digital landscapes we often visit today. In fact, the Internet development phase of Web 2.0 can provide a more interesting online experience. Starting with social media, new business models will emerge that will be enabled by network effects, crowdsourced content, and multi-source data flows.
In short, while Web 1.0 can allow data's access for everyone more effectively by users, Web 2.0 seems to flood Internet users in a more personalized way. Such as through multi-channel user interaction and a more dynamic and responsive algorithm.
Web 3.0
Web 3.0 is the new blockchain trend that has stolen much attention. It is a comprehensive concept related to the next stage of the evolution of the Internet. This new idea was deliberately already develop to address common problems that can be unique to the Internet today. In addition, this concept is implemented to build a very personal online ecosystem where interactions are human-centric.
These different entities work on the development of this third version of the Internet in different ways. Organizations like the Web3 Foundation have focused primarily on developing guidelines for the entire Web 3.0 system. Meanwhile, companies like ConsenSys Labs are helping entrepreneurs build decentralized applications (dApps) that can eventually bring data into this new version of the Internet's digital landscape.
At first, Web 3.0 deliberately appear to address the major unique issues of today's Internet ecosystem. However, there is no centralized authority to oversee the development of this new and open Internet. Instead, this version of the Internet is ready by the collaborative efforts of various private companies, nonprofits, and individuals.
Now, you already know the information from Web 1.0 to Web 3.0. Now, here are some characteristics of Web 3.0 that you may need to know about!
The Characteristics of Web 3.0
To understand the characteristics of Web 3.0, here we have some great characteristics of this latest technology.
Trustless
The network itself is trustless because participants can interact publicly or privately without involving a trusted third party.
Use 3D Graphic
Some call Web 3.0 the Spatial Web. This technology can guide us into the 3D virtual world by blurring the line between the physical and digital worlds with innovative graphics technology. 3D graphics are certainly very different from 2D graphics. Later, we'll delve into a world of amazing 3D graphics like Decentraland.
Open and Permissionless
This network is built on open source software. This network is also built by an open community of developers and can be viewed and run in full view.
Both users and suppliers can participate anywhere, without regulatory approval. While Web 2.0, the Internet we are currently using, got some support from the advent of mobile, social media, and the cloud. While Web 3.0 is primarily three new technologies: edge computing, distributed data networks, and artificial intelligence. It is built on the basis of innovation.
Now you already know about the characteristics of Web 3.0. Meanwhile, for the current usage itself, Web 3.0 is currently familiar in many areas. But, it's still not optimal because there are still many areas for improvement in the future.
Some companies are already using Internet 3.0 applications in their applications. For example, Amazon, Apple, Google. For example, Siri, an AI assistant that you can control by the user's voice, is becoming more and more intelligent. Siri can recognize people by voice and face, and can even execute complex and personalized commands.
Since we already know the usage of Web 3.0, now it's time to analyze how Web 3.0 affects cryptocurrency.
Web 3.0 Effect on Cryptocurrency
Cryptocurrency is a digital currency that people create from the concept of cryptography. A cryptographically protected digital or cryptocurrency that makes counterfeiting and duplication nearly impossible. Many cryptocurrencies are around networks based on blockchain technology (with ledgers that enforce networks of different computers).
Therefore, when it comes to decentralization, the impact of Web 3.0 on cryptocurrencies is actually huge. Given that decentralization is likely to be one of the key components of this new Internet concept, we can conclude that crypto assets and blockchain play an equally important role.
We expect the wave of Web 3.0 in the future will extend far beyond the early cryptocurrency use cases. With a wealth of interaction options and a range of partners available around the world, this network can cryptographically link data of all sizes. Start with individuals, businesses and machines with more efficient machine learning algorithms. Of course, these conditions now characterize the cryptocurrency Web 3.0.
So, of course, the Web 3.0 blockchain has a big role in two things that are on the rise. Blockchain and crypto assets are part of Web3 crypto.
That's all for the information about blockchain's new trend, which is the decentralized system Web 3.0 and its effect on cryptocurrency! Hope this article can help you to understand about this new trend and how it will affect the Bitcoin or Altcoin user in the future!
