{"id":557678,"date":"2023-02-28T19:51:04","date_gmt":"2023-02-28T16:51:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/heres-what-you-need-to-know-about-web3\/"},"modified":"2023-02-28T19:51:04","modified_gmt":"2023-02-28T16:51:04","slug":"heres-what-you-need-to-know-about-web3","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/heres-what-you-need-to-know-about-web3\/","title":{"rendered":"#Here&#8217;s what you need to know about Web3"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a240a03dae40\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a240a03dae40\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/heres-what-you-need-to-know-about-web3\/#%E2%80%9CHeres_what_you_need_to_know_about_Web3%E2%80%9D\" >&#8220;Here&#8217;s what you need to know about Web3&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/heres-what-you-need-to-know-about-web3\/#What_is_Web3\" >What is Web3?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/heres-what-you-need-to-know-about-web3\/#Web_10_The_%E2%80%98read-only_web\" >Web 1.0: The &#8216;read-only&#8217; web<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/heres-what-you-need-to-know-about-web3\/#Web_20_The_social_web\" >Web 2.0: The social web<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/heres-what-you-need-to-know-about-web3\/#Web3_vs_Web_30\" >Web3 vs. Web 3.0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/heres-what-you-need-to-know-about-web3\/#The_next_era_of_the_internet\" >The next era of the internet<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CHeres_what_you_need_to_know_about_Web3%E2%80%9D\"><\/span>&#8220;Here&#8217;s what you need to know about Web3&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<div class=\"article-gallery lightGallery\">\n<div data-thumb=\"https:\/\/scx1.b-cdn.net\/csz\/news\/tmb\/2023\/the-next-phase-of-the.jpg\" data-src=\"https:\/\/scx2.b-cdn.net\/gfx\/news\/hires\/2023\/the-next-phase-of-the.jpg\" data-sub-html=\"The terms Web3 and Web 3.0 are often used interchangeably, but they are different concepts. Credit: Shutterstock\">\n<figure class=\"article-img\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/scx1.b-cdn.net\/csz\/news\/800a\/2023\/the-next-phase-of-the.jpg\" alt=\"The next phase of the internet is coming: Here's what you need to know about Web3\" title=\"The terms Web3 and Web 3.0 are often used interchangeably, but they are different concepts. Credit: Shutterstock\" width=\"800\" height=\"394\"\/><figcaption class=\"text-darken text-low-up text-truncate-js text-truncate mt-3\">\n                The terms Web3 and Web 3.0 are often used interchangeably, but they are different concepts. Credit: Shutterstock<br \/>\n            <\/figcaption><\/figure>\n<\/div>\n<\/div>\n<p>The rapid growth of cryptocurrencies and virtual non-fungible tokens have dominated <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> headlines in recent years. But not many may see how these modish <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications connect together in a wider idea being touted by some as the next iteration of the internet\u2014Web3.<\/p>\n<p>There are many misconceptions surrounding this buzzy (and, frankly, fuzzy) term, including the conflation of Web3 with Web 3.0. Here&#8217;s what you need to know about these terms.\n<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Web3\"><\/span>What is Web3?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Since Web3 is still a developing movement, there&#8217;s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wired.com\/story\/web3-paradise-crypto-arcade\/\">no universal agreement among experts<\/a> about its definition. Simply put, Web3 is envisioned to be a &#8220;<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/doi.org\/10.1109\/MIS.2022.3181504\">decentralized web ecosystem<\/a>,&#8221; empowering users to bypass internet gatekeepers and retain ownership of their data.<\/p>\n<p>This would be done through <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.theverge.com\/22654785\/blockchain-explained-cryptocurrency-what-is-stake-nft\">blockchain<\/a>; rather than relying on single servers and centralized databases, Web3 would run off of public ledgers where data is stored on computer networks that are chained together.<\/p>\n<p>A decentralized Web3 would fundamentally change how the internet operates\u2014financial institutions and tech companies would no longer need to be inter<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>ries of our online experiences.<\/p>\n<p>As <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.npr.org\/2021\/11\/21\/1056988346\/web3-internet-jargon-or-future-vision\">one business reporter put it<\/a>: &#8220;In a Web3 world, people control their own data and bounce around from social media to email to shopping using a single personalized account, creating a public record on the blockchain of all of that activity.&#8221;<\/p>\n<p>Web3&#8217;s blockchain-based infrastructure would open up intriguing possibilities by ushering in the era of the &#8220;<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/doi.org\/10.1016\/j.bushor.2022.10.005\">token economy<\/a>.&#8221; The token economy would allow users to monetize their data by providing them with tokens for their online interactions. These tokens could offer users perks or benefits, including ownership stakes in content platforms or voting rights in online communities.<\/p>\n<p>To better understand Web3, it helps to step back and see how the internet developed into what it is now.<\/p>\n<p>                                            <!-- Google middle Adsense block --><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Web_10_The_%E2%80%98read-only_web\"><\/span>Web 1.0: The &#8216;read-only&#8217; web<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Computer scientist Tim Berners-Lee is credited with inventing the world wide web in 1989, which allowed people to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ijcsit.com\/docs\/Volume%205\/vol5issue06\/ijcsit20140506265.pdf\">hyperlink static pages of information<\/a> on websites accessible through internet browsers.<\/p>\n<p>Berners-Lee was exploring more efficient ways for researchers at different institutions to share information. In 1991, he launched the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/info.cern.ch\/hypertext\/WWW\/TheProject.html\">world&#8217;s first website<\/a>, which provided instructions on using the internet.<\/p>\n<p>These basic &#8220;read-only&#8221; websites were managed by webmasters who were responsible for updating users and managing the information. In 1992, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.npr.org\/2021\/08\/06\/1025554426\/a-look-back-at-the-very-first-website-ever-launched-30-years-later\">there were 10 websites<\/a>. By 1994, after the web entered the public domain, there were 3,000.<\/p>\n<p>When Google arrived in 1996 there were two million. Last year, there were <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/siteefy.com\/how-many-websites-are-there\/\">approximately 1.2 billion websites<\/a>, although it is estimated only 17 percent are still active.\n<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Web_20_The_social_web\"><\/span>Web 2.0: The social web<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The next major shift for the internet saw it develop from a &#8220;read-only web&#8221; to where we are currently\u2014a &#8220;read-write web.&#8221; Websites became more dynamic and interactive. People became mass participants in generating content through hosted services like Wikipedia, Blogger, Flickr and Tumblr.<\/p>\n<p>The idea of &#8220;Web 2.0&#8221; gained traction after <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> publisher Tim O&#8217;Reilly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.oreilly.com\/pub\/a\/web2\/archive\/what-is-web-20.html\">popularized the term in 2004<\/a>.<\/p>\n<p>Later on, social media platforms like Facebook, YouTube, Twitter and Instagram and the growth of mobile apps led to unparalleled connectivity, albeit through distinct platforms. These platforms <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.techtarget.com\/searchsecurity\/definition\/walled-garden\">are known as walled gardens<\/a> because their parent companies heavily regulate what users are able to do and there is no information exchange between competing services.<\/p>\n<p>Tech companies like Amazon, Google and Apple are deeply embedded into every facet of our lives, from how we store and pay for our content to the personal data we offer (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.pcmag.com\/news\/the-reckoning-is-coming-regulating-big-tech\">sometimes without our knowledge<\/a>) to use their wares.\n<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Web3_vs_Web_30\"><\/span>Web3 vs. Web 3.0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This brings us to the next phase of the internet, in which many wish to wrest back control from the entities <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/technology\/2021\/03\/24\/online-moderation-tech-stack\/\">that have come to hegemonize it<\/a>.<\/p>\n<p>The terms Web3 and Web 3.0 are often used interchangeably, but they are different concepts.<\/p>\n<p>Web3 is the move towards a decentralized internet built on blockchain. Web 3.0, on the other hand, traces back to Berners-Lee&#8217;s original vision for the internet as a collection of websites <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.w3.org\/standards\/semanticweb\/data\">linking everything together at the data level<\/a>.<\/p>\n<p>Our current internet can be thought of as a gigantic document depot. Computers are capable of retrieving information for us when we ask them to, but they aren&#8217;t capable of understanding the deeper meaning behind our requests.<\/p>\n<p>Information is also siloed into separate servers. Advances in programming, natural language processing, machine learning and artificial intelligence would allow computers to discern and process information in a more &#8220;human&#8221; way, leading to more efficient and effective content discovery, data sharing and analysis. This is known as the &#8220;semantic web&#8221; or the &#8220;read-write-execute&#8221; web.<\/p>\n<p>In Berners-Lee&#8217;s Web 3.0 world, information would be stored in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/solidproject.org\/about\">databases called Solid Pods<\/a>, which would be owned by individual users. While this is a more centralized approach than Web3&#8217;s use of blockchain, it would allow data to be changed more quickly because it wouldn&#8217;t be distributed over multiple places.<\/p>\n<p>It would allow, for example, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nexxworks.com\/blog\/web3-and-web-3-0-are-not-the-same-thing-heres-why\">a user&#8217;s social media profiles to be linked<\/a> so that updating the personal information on one would automatically update the rest.\n<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_next_era_of_the_internet\"><\/span>The next era of the internet<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Web3 and Web 3.0 are often mixed up because the next era of the internet will likely <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/fluree\/blockchain-meet-the-semantic-web-8f516233555a\">feature elements of both movements<\/a>\u2014semantic web applications, linked data and a blockchain economy. It&#8217;s not hard to see why there is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coindesk.com\/web3\/2022\/12\/16\/crypto-winter-isnt-chilling-vcs-from-investing-in-web3-says-pitchbook-analyst\/\">significant investment<\/a> happening in this space.<\/p>\n<p>But we&#8217;re just seeing the tip of the iceberg when it comes to the logistical issues and legal implications. Governments need to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/crypto-regulatory-storm-front-coming-in-2023\/\">develop new regulations<\/a> for everything from digital asset sales taxation to consumer protections to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/doi.org\/10.3233\/SW-180289\">complex privacy and piracy concerns of linked data<\/a>.<\/p>\n<p>There are also critics who argue that Web3, in particular, is merely a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/marker.medium.com\/the-false-promise-of-web3-7e6c1a00d4be\">contradictory rebranding of cryptocurrency<\/a> that will not democratize the internet. While it&#8217;s clear we&#8217;ve arrived at the doorstep of a new internet era, it&#8217;s really anyone&#8217;s guess as to what happens when we walk through that door.<\/p>\n<div class=\"d-inline-block text-medium my-4\">\n                                                Provided by<br \/>\n                                                                                                    The Conversation<br \/>\n                                                                                                        <a rel=\"nofollow noopener\" target=\"_blank\" class=\"icon_open\" href=\"https:\/\/theconversation.com\"><br \/>\n                                                        <svg><use href=\"https:\/\/techx.b-cdn.net\/tmpl\/v2\/img\/svg\/sprite.svg#icon_open\" x=\"0\" y=\"0\"\/><\/svg><\/a><\/p><\/div>\n<p class=\"article-main__note mt-4\">\n                                                This article is republished from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/theconversation.com\">The Conversation<\/a> under a Creative Commons license. Read the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/theconversation.com\/the-next-phase-of-the-internet-is-coming-heres-what-you-need-to-know-about-web3-192919\">original article<\/a>.<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/counter.theconversation.com\/content\/192919\/count.gif?distributor=republish-lightbox-advanced\" alt=\"The Conversation\" width=\"1\" height=\"1\"\/><\/p>\n<p>                                        <!-- print only --><\/p>\n<div class=\"d-none d-print-block\">\n<p>                                                <strong>Citation<\/strong>:<br \/>\n                                                The next phase of the internet is coming: Here&#8217;s what you need to know about Web3 (2023, February 28)<br \/>\n                                                retrieved 28 February 2023<br \/>\n                                                from https:\/\/techxplore.com\/news\/2023-02-phase-internet-web3.html<\/p>\n<p>                                            This document is subject to copyright. 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Credit: Shutterstock The rapid growth of cryptocurrencies and virtual non-fungible tokens have dominated news headlines in recent years. But not many may see how these modish applications connect together in a wider&#8230;<\/p>\n","protected":false},"author":1,"featured_media":557679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/scx2.b-cdn.net\/gfx\/news\/hires\/2023\/the-next-phase-of-the.jpg","fifu_image_alt":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-557678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sciencee"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/557678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=557678"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/557678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/557679"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=557678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=557678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=557678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}