What is Web 3.0 and its examples?

What is a Web 3.0 website?

Web 3.0 is the third generation of internet services for websites and applications that will focus on using a machine-based understanding of data to provide a data-driven and Semantic Web. It is built using artificial intelligence, machine learning and the semantic web, and uses the blockchain security system to keep your information safe and secure. The ultimate goal of Web 3.0 is to create more intelligent, connected, and open websites. Hence, this third generation of the web is an Internet where you will enjoy personalized interactions with machines and websites in the same manner as when you communicate with any other human.

Web 3.0 will make the web more intelligent, secure and transparent, resulting in more efficient browsing and effective machine-human interaction. It harnesses the power of big data, artificial intelligence, and machine learning to analyze the user's data and behavior to provide a personalized experience. Therefore, when a user searches for an answer, web 3.0 delivers the most accurate and relevant result to the end-user even complex search sentences in no time. In the web 3.0 era, you can speak with devices like Alexa, Google Echo, Apple Siri, etc., as naturally as you talk with another person to gather information from the web. In addition, web 3.0 will enable websites and applications to use data more meaningfully and tailor the information to each user.

Is Web 3.0 the Same as the Semantic Web?

In many ways, web 3.0 is a return to Berners-Lee's original Semantic Web concept, in which no central authority approval is required, and no central controlling node exists. Although these two terms are often used interchangeably, they are not exactly the same thing. Web 3.0 has moved well beyond the original concept of the Semantic Web as conceptualized by Berners-Lee in 2001. The semantic web is one of web 3.0's key features, along with machine learning and blockchain, to make user interaction more intuitive.

Is Web3 based on Blockchain?

Web 3.0 promises a decentralized internet built on the blockchain. In simple terms, blockchain is the technology (along with others like IoT and AI) behind web 3.0. More specifically, blockchain is the foundation of web 3.0, as it redefines the data structures in the backend of the semantic web. When a user interacts with a web 3.0 app, it utilizes AI and machine language/natural language processing to process the queries and bring the required data or information straight from the blockchain that is accessible anywhere in the world.

What are examples of Web 3.0 applications?

Web 3.0 is already implemented in various areas, including virtual assistance, education, social networking, messaging, exchange services, browsing, etc.

Wolfram Alpha and Apple's Siri are two most examples of web 3.0 applications. Siri uses speech recognition techniques and artificial intelligence to search and deliver results.

Other examples of web 3.0 applications are Steemit, Sola, IDEX e-Chat, Storj, Everledger, LBRY, Ethlance and more.

How does Web 3.0 work?

In a web 2.0 application, the entire code is hosted on centralized servers, which are sent to users through an Internet browser. Web 3.0 has neither centralized databases that store the application state nor a centralized web server where the backend logic resides. Instead, there is a blockchain to build apps on a decentralized state machine and maintained by anonymous nodes on the web.

Is Web 3.0 a good investment?

Integrating everything from machine learning and artificial intelligence to augmented reality and the blockchain, Web 3.0 offers exciting opportunities both for consumers and investors. As with any evolving technology, there are no guarantees of which companies and industries will be the big winners as Web 3.0 unfolds.

How do I start investing in Web3?

The best way to bet on the technology would be to purchase stocks or cryptocurrencies tied to the development or implementation of Web3 tech. Some top Web3 coins include Helium (HNT), Arweave (AR), and Ocean protocol (OCEAN), some of which have multi-billion dollar valuations.