What is Web 3.0

If you are interested in crypto and blockchain, you may have noticed the number of Web 3.0 conferences and events that are currently advertising online. These events aim to bring experts, innovators and projects together to explore the potential of decentralised technology.

But what exactly is Web3 and how did it come about? This article briefly outlines the history of the Internet and the evolution of Web 3.0.

The Internet

The Internet is arguably one of the most significant advances in technology that we have ever seen. For most of us, it’s hard to imagine life without it.

January 1st 1983 is considered to be the birth of the Internet. Before this, in the 1960’s, a form of the Internet was used by military and government researchers. But computers were huge back then. Storing and sharing information was difficult.

The Internet that we recognise now has evolved greatly in the past few decades. It has integrated into our lives in so many ways that we hardly even notice its presence.

Here is a small introduction to the progress of the Web and its impact on our lives.

Web 1.0

Starting in the 1990s we had Web 1.0, which only had a handful of content creators. The majority of Web 1.0 users were content consumers.

Web 1.0 websites were static pages, with their content stored in files rather than databases, and with little interaction between users and content. It’s no surprise that Web 1.0 is called the read-only web.

As time went by, connection speeds increased, developers gained more skills and servers upgraded. This led to Web 2.0, or the Social Web as it’s sometimes known.

Web 2.0

Web 2.0 enabled a tidal wave of user-generated content, social media, instant website creation, blogging and platforms like TikTok. This is the Internet that we are familiar with today.

The Dark Side of Web 2.0

Web 2.0 saw the rise of all-powerful tech companies like Facebook, Google and Amazon. These companies rely on data to drive their business model. Data is collected from Internet users, analysed and then monetised by targeted advertising and product recommendations.

These big tech companies are profiting from users’ data and they also have complete control over who uses their services.

Web 3.0

Web 3.0 is often referred to as the decentralised web. It is this decentralisation that makes Web 3.0 so massively different to Web 2.0. Web 3.0 focuses on privacy, transparency and ownership.

DApps or decentralised applications are a key part of Web 3.0 they run on decentralised networks, often using blockchain technology. This allows for a more secure and transparent platform for applications. The concept of decentralisation came about due to the development of Bitcoin and blockchain technology. Decentralisation means that no one person, organisation or company controls a project.

Solar is an example of a decentralised project with an open-source blockchain and no company or corporation in control. Solar aims to lead the way in Web 3.0 innovation by making libraries and tools available for people to develop DApps, NFTs or games using the SXP blockchain.

Solar is proud to be part of the Web 3.0 evolution and we look forward to welcoming projects built on the SXP blockchain.

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