What is Web 3.0? Web 3.0 coins and the internet of the future
What is Web 3.0? What are Web 3.0 coins? What awaits the internet of the future?
What is Web 3.0? What are Web 3.0 coins? Web 3.0 tools and features... What kind of internet awaits the world of the future?
While the internet has changed drastically since its inception, how the internet of the future will be and what innovations await humanity continue to be discussed.
In this sense, one of the most discussed points on the agenda is Web 3.0, the new generation internet technology that is expected to come after Web 2.0.
Web 3.0 describes the next generation of internet technology based largely on machine learning and artificial intelligence.
It aims to create more open, connected and intelligent websites and web applications that focus on machine-based evaluation of data.
Web 3.0 is a structure that aims to provide more personalized information faster, where users are more active with artificial intelligence and machine learning techniques.
It is stated that this will be possible with the use of smarter search algorithms and the development of big data analysis.
Existing websites have static data or user-generated content such as forums and social media. In this case, although the information and data reach a wider audience, there is no regulation according to personal needs. One of the purposes of Web 3.0 is that a website can organize information specifically for each user, similar to real-life human communication.
Computer scientist Tim Berners-Lee, the creator of the World Wide Web, explained this long ago by also introducing the idea of the "Semantic Web".
Tim Berners-Lee says, "I imagine the Web to have the ability to analyze all the data on it (content, connections, and transactions between computers and people). "The mechanisms used will be driven by the machines talking to each other," he said.
The evolution and development of the internet
Websites and web applications have undergone major changes over the past years. Static sites have emerged as data-driven sites where users can interact and change, while lagging behind.
What was Web 1.0?
The original internet was based on what is now known as Web 1.0. The concept was first coined by author and web designer Darci DiNucci in 1999 when he was distinguishing between Web 1.0 and Web 2.0. In the early 1990s, websites used only static HTML pages with the ability to display information, and it was not possible for users to modify existing data.
What was Web 2.0?
Web 1.0 began to shift towards a more interactive internet in the late 1990s. With Web 2.0, users started to interact with websites and become more active with the use of databases, server-side processes, forms and social media.
Thus, the transition from a static web to a more dynamic web began. Web 2.0 placed more emphasis on user-generated content and interaction between different sites and applications. In the mid-2000s, many websites made the switch to Web 2.0, while Web 2.0 took the lead in participation.
Looking at the history of the Internet, data was previously presented to users statically. Later, users began to be able to interact with this data dynamically. All of the data is also being used by algorithms to improve the user experience and make the Web more personalized.
While Web 3.0 isn't fully defined, it's also being considered for pushing forward blockchain, open source software, virtual reality, Internet of Things (IoT), and many other peer-to-peer (P2P) technologies.
Currently, many applications can only run on a single operating system. Web 3.0 can help apps become more device-independent. In other words, applications can run on many different types of hardware and software without additional development costs.
Web 3.0 also aims to make the internet more open and decentralized. Within the current framework, users need network servers and cellular servers to monitor information passing through their systems. With the development of distributed registry technologies, this may soon change and users can take ownership of their data into their own hands.
What are the features of Web 3.0?
No central control point: One of the striking features of Web 3.0 is that it has no central control. As the agents are out of the way, users will be able to transfer data without being controlled by the agents. It is also discussed how this situation will affect the censorship and control mechanisms that states or companies can apply, and whether it will reduce the effect of Denial of Service (DoS) attacks.
Increase in information connections: As more products connect to the internet, larger data stores will begin to submit more data to algorithms for analysis. Thus, algorithms will be able to reveal more accurate information that addresses the specific needs of individual users.
More efficient navigation: It used to be quite difficult to find the best results when using search engines. But over the years, the ability of search engines to return more semantically relevant results based on search context and metadata has been enhanced. This resulted in a more comfortable web viewing experience that made it possible for anyone to find the information they were looking for quite easily.
Web 2.0 also brought social marking systems, but they also started to be manipulated. It is predicted that smarter algorithms can better parse the manipulated results with artificial intelligence.
What are Web 3.0 cryptocurrencies?
While Web 3.0 coins have far outperformed bitcoin and other major cryptocurrencies this year, the industry has yet to come close to the attention that Bitcoin, Ethereum, DeFi, NFT, and even Ethereum layer 2 projects have received since October 2020. It is stated that this is due to the fact that the underlying technology is relatively more complex.
While Web 3.0 functionality is on the way to become the new trend in cryptocurrencies, it has been seen before that DeFi, NFT and joke coins have gained serious popularity and their prices have multiplied rapidly. In the new altcoin era, cryptocurrencies with Web 3.0 functionality are expected to attract more attention. So what are these cryptocurrencies?
PARSIQ (PRQ), Handshake (HNS) and NEAR Protocol (NEAR)...
PARSIQ (PRQ) advocates for interoperability across networks. PARSIQ is a blockchain-based analytics platform that specializes in integrating the power of blockchain into real-world applications. PARSIQ (PRQ), whose price has increased by 41%, is not much of a surprise. Technical and fundamental data already gave signals that the project could make such a breakthrough.
Handshake (HNS) aims to be an alternative to existing certificate and naming systems. Users show great interest in Handshake (HNS) as it is one of the few DNS providers that supports Web 3.0. It is stated that increasing prices can be considered as an indication of the increasing interest in Web 3.0-oriented projects.
NEAR Protocol (NEAR) is interpreted as a useful layer protocol. By making decentralized applications available, low-cost blockchain also enables interoperability between different networks. The double-digit rise in the price was triggered by the $ 800 million ecosystem support package and the Nearcon event.
“Web 3 is not as easy to understand as DeFi and is probably 12 months behind DeFi in terms of mainstream awareness,” Kyle Samani, co-founder and managing partner of Multicoin Capital, said in a statement. We expect this to change as consumer-facing applications based on NFTs, social tokens, and monetization from creators such as Audius, Mirror, and others increase over the next 12 months.” increased from $50 billion to over $50 billion.
Chainlink (LINK)
It is stated that Chainlink is an oracle project that aims to solve the external data problem in the blockchain.
It is stated to have a market value of more than 13 billion dollars.
Filecoin (FIL)
Filecoin aims to provide a decentralized alternative to popular web service providers like Cloudflare or Amazon Web Services. The project, which emerged in 2017, finally came to life as of October 15, 2020. Its market value is stated to be $7.5 billion.
Theta Network (THETA)
Theta is a blockchain-based network built specifically for video broadcasting. It started in 2019. Its market value is stated to be $7.2 billion.
The Graph (GRT)
While The Graph project is referred to as a data query and indexing protocol for blockchain networks such as Ethereum, many sources state that The Graph currently supports data from Ethereum, IPFS and POA. Its market value is said to be around $5 billion.
Helium (HNT)
Helium is a decentralized, blockchain-based network for Internet of Things devices. Launched in July 2019, Helium describes its main goal as preparing IoT communication for the future. It is stated that its market value has reached 3 billion dollars.
BitTorrent (BTT)
BitTorrent has issued a token called BTT since its acquisition. The token was launched on the tron blockchain. It is stated that its market value has reached 2.7 billion dollars.
Decentraland (MANA)
MANA is an Ethereum-based virtual reality platform that allows users to create, experience, and monetize content and applications. Its market value is stated to be $5 billion.
Engin Coin (ENJ)
Enjin is a project that aims to create a blockchain ecosystem of gaming products. It is stated that the market value exceeds 2 billion dollars.
Siacoin (SC)
sia; A distributed, decentralized cloud storage platform based on blockchain. Siacoin is the token born from this platform. Started in 2014, it was officially launched in 2015. Its market value is said to be close to $1 billion.
Audius (AUDIO)
Audius is a blockchain project that is stated to aim to eliminate middlemen in the music industry. It is stated that the market value of Audius, which was developed in 2018, is 911 million dollars.
When will the transition to Web 3.0?
When will the transition to Web 3.0? Are big changes expected soon?
Barış Özcan, in his video on Web 3.0 on October 31, 2021, said, "I don't know if such a transition will be possible soon or if we will continue to talk about Web 3.0 after 10 years. "I'm even excited about the possibility of adapting it," he says.
Özcan lists the following principles:
"Being an open source system.
Classification of information semantically, that is, depending on semantics.
Respect for personal privacy.
Establishing a secure infrastructure.
The fact that communication takes place through verifiable methods.” adds;
"If these principles are supported by technical systems such as "smart contracts", etc., it may be possible to put an end to data monarchies on the Internet and truly democratize them."
