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Understanding Web 3.0: An In-Depth Explanation 

Vartika Gautam by Vartika Gautam
5 April 2022
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Web 3.0 is a term that has been circulating the internet quite a lot, as of late. The problem is, while many know the evolution to the internet from 2.0 is imminent, many do not actually know the difference between the two, and it is important to understand, as this change is a completely new evolution and decentralisation from the old ways. It is important to understand if you are involved in the likes of cryptocurrency and blockchain. Today we will answer all your questions and hopefully make it very clear on what you should expect from the new changes made to the world of the internet. 

 All gaming and gambling industries are being affected by this change especially, due to the integration of blockchain within the main payment systems online. Should you wish to reap the benefits of a blockchain system to your gambling, CSGO Book has all the latest sites to provide that service to you. With the further expansion of Web 3.0 within our article, you will be able to have a greater understanding and appreciation of the world of blockchain. 

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 What is Web 3.0? 

Web 3.0 is the next phase of the internet, so to speak. Coming through as a successor to the predecessor Web 2.0, the changes between the two are a huge leap forward in terms of decentralisation. Consider this, Web 1.0 was the first phase of the internet. Users were only allowed to read only, when browsing, meaning there was no chance of interaction at all from consumer ends. Think of it like multiple websites, search engines and all those pages are hyperlinked to one another. 

 Web 2.0 on the other hand allowed more interaction to come into play, with engagement from the consumer/user, such as likes, comments and engagement with prevalent content trends. Content was generated for the purpose of user-driven needs. Data was fed back to the conglomerates owning content sources, to ensure that more time could be spent to generate organic leads. Everything essentially was monetised based on the content users interacted with.

 Web 3.0 is a complete move and decentralisation away from that concept. The power that individual capitalist conglomerates had, in terms of being a body responsible for content and a ‘product’ is no longer there. The masses i.e., consumers now have that power. Cryptocurrency (such as Bitcoin) is of course a great example of this concept, as this currency is not governed anymore than it is monitored. The entire attraction towards Web 3.0, is the control coming back to users and not creators. 

 Blockchain being the backbone of Web 3.0 as we know it, will also be the key to how ownership of digital assets will be authenticated in the next coming years. There will no longer be an opening for the middlemen to reap monetary assets to content-just the content owners will have that privilege. Therefore, it is safe to say that Web 3.0 is here to change everything as we know it, especially now that 3D tech and AR/VR is in the picture. The Metaverse is the concept which has also been intertwined with the evolution of the internet. It will also be set to play a large role in the future transitions of web 3.0 too. 

 For now, however, there is no telling nor any predictions of what will happen with the transition of Web 2.0 to Web 3.0. It is just 100% sure to be the future. Intricacies of how the web will work and how we will interact will be known more, as the future continuously unfolds. For tech enthusiasts who have been involved and immersed in the transition from the very beginning- things will most definitely get very exciting for them.

 

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