What is Web3: Definition, Characteristics and Advantages

Along with increasing times, the development of internet technology is also increasingly sophisticated. New technologies such as metaverse, crypto, bitcoin, to Web3 echoed more and more often.

Some technology experts even predict that Web3 will be the latest evolution of the internet capable of understanding all the wishes of a user. Although Web3 hasn't started yet, but several platforms have adopted the technology it uses.

Then, what is it Web3 and why is this technology being touted as a solution for today's internet users?

What is Web3?

Web3 is the third generation of evolution websites based on blockchain with a decentralized system. In Web3, a site websites will be able to process all forms of information more intelligently by utilizing technology, such as machine learning, big data, DLT, and so on.

Web3 can also be interpreted as data that is connected to each other in a decentralized way. This means that most of the user data will be stored in a centralized repository. Since the network operates in a decentralized manner, existence Web3 very much related to technology blockchain and crypto currency.

Quote from Harvard Business Review, the beginning of development Web3 has been started since 1991, when two scientists, W. Scott Stornetta and Stuart Haber launched blockchain first. While development websites itself has started since the emergence of the internet for the first time in 1989.

In its development, websites The first generation does not yet have an algorithm that can filter information on the internet. Temporary Web2 is websites in use today, which can make the internet much more interactive thanks to advances in technology websites, like javascript, HTML5, CSS3 and so on.

While Web3 touted as the next stage of evolution websites who will process the information by utilizing Artificial Intelligence (AI). Through this AI system, later Web3 will run a smart program that aims to facilitate the user.

Web Characteristics3

Quoting from the page Pintu, Web3 has 4 characteristics, viz trustless, permissionless, self-governance, and data ownership. The following is an explanation of these four characteristics.

• Trustless, i.e. the inner user interaction Web3 will rely on computer algorithms without the need for third-party intermediaries.
• permissionless, namely the interaction that occurs between these users does not require certain permissions, so that user data will remain safe.
• Self-governance, that is Web3 have a system Decentralized Autonomous Organization (DAO), which can be used in a variety of applications. With this system, users can determine the policy direction of the platform.
• Ownership, that is, it allows users to be able to control their own data.

Advantages of Web3

Web3 has the main advantage, namely the system is decentralized. Not only that, Web3 also has other advantages. Here are some advantages Web3 what you need to know.

User Privacy is a Top Priority

Web3 has top priority on the security and privacy of its users. With Web3, users will have full control over their data, as they have the advantage to share or keep their information private.

Superior Security

In the previous point it has been explained that Web3 has top priority in terms of user privacy. This of course will make user security higher with technology blockchain developed. Users will also be kept away from the risk of hacking, scams and criminal activity cyber other.

Semantic Web

Web semantics is the next evolution of the internet that can enhance platform-based experiences websites. Technology semantics allow to do online data repository, define vocabulary, and define data handling rules.

Connectivity

Semantic content which leads to improvement user experience will affect the level of connectivity by utilizing all accessible data.

Well, that's a complete explanation of Web3. With all the advantages it has, do not be surprised if Web3 considered as the best evolution for the future of the internet.