The Evolution of the Internet, Step by Step: Web 3.0

Gianluca Busato
Venice Swap
Published in
3 min readJun 27, 2022

The web, which has become a necessity in the daily lives of ten users, has gone through three phases in its nearly 30-year evolution to date. These phases were called Web 1.0, Web 2.0, and Web 3.0 respectively.

The first of these, Web 1.0, was built with only HTML, the format for creating an internet document. This format was used in the construction of websites that were created for the sole purpose of providing read-only information to their users.

Users had no authorization and no access to the production/editing panel. In Web 1.0, the maximum media that a site could contain were GIFs and externally generated flash animations or Java Script products.

In the Web 2.0 era, websites became a place where users could interact with applications and have access to editing/production panels. In this period, which differed from Web 1.0 in terms of being interactive, there was a very intense increase in interaction and communication between users.

Well-known applications such as Facebook, Instagram, Twitter, and YouTube, which are social media platforms, are all within the scope of Web 2.0.

In other words, it covers most of the websites where social media is at the forefront and where accessing, organizing, producing, and sharing information are the most effective areas. In addition, with Web 2, everyone was able to open personal websites on the internet.

When we come to Web 3.0, the interaction is now based on software analysis and “smart” systems. The biggest concern at this point is that our data has become uncontrollable.

In every transaction we make on the Internet, a copy of our data and information as a user is created and sent to a central server. Globally accepted data architectures are based on a system where data is stored and managed on a central server.

This raises serious security issues. Can I trust the people and organizations storing my data against any kind of corruption, whether intentional or accidental, internal, or external?

Such centralization not only causes problems in terms of privacy, but also inefficiencies in all kinds of services behind the goods and services.

When data is stored and managed centrally by organizations, there is only one centralized channel for people who want to steal or manipulate it to go after.

But when we look at this in the blockchain system, which is growing today and is the backbone of Web 3.0, these manipulators must go after every single computer. This naturally presents a scenario that is more secure and impossible to manipulate.

The first step towards enabling P2P transactions without intermediaries was taken with the emergence of Bitcoin. In Web 3.0, data is authenticated, protected, and stored by a commonality of copies of a blockchain network across multiple computers.

The rules of this system and each transaction are governed by smart contracts on protocols, eliminating third parties and distributing trust to everyone. The incentive and accelerator mechanism for such a structure is cryptocurrencies and the ecosystems built around them.

With Web 3.0, users can use decentralized financial products with decentralized identities, obtain ownership of media products with NFTs, and have a say in governance mechanisms with DAOs. Thus, Web 3.0 is the beginning of a world where there is no trust in intermediaries.

Since all users need to access a Web 3.0 platform is a wallet address such as Metamask, many platforms are expected to switch their infrastructure to this concept soon due to decentralization and reliability concerns.

Venice Swap is the best decentralized exchange. Trade on Venice Swap today.

Source

--

--