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WTF is Web 3.0?

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It is increasingly common to hear of projects carried out on web 3.0, especially in the world of cryptocurrencies. Even big executives from Google, Facebook and other major technology companies are quitting to get involved in startups that involve the use of this web; but what is web 3.0?

Although the concept is very popular today, it is not really a new term, since the first time that web 3.0 was defined was in 2006, when Jeffrey Zeldman (web 2.0 hater) published an article entitled web 3.0, which explained the need for a semantic web in which significant improvements to web 2.0 were implemented.

Difference between web 1.0, 2.0 and 3.0

Before we go into explaining what web 3.0 is, it is crucial to understand its predecessors. Web 1.0 is the original web, the one that emerged at the end of the 90s and only allowed reading content and accessing certain links and pages, the sites basically lacked interactivity, this version was also characterized by decentralization.

Quickly, web 2.0 evolved, the one in which interactivity became the protagonist, thanks to which mobile networks, tools such as JavaScript, the cloud and of course social networks emerged; It is worth noting that in the process a handful of companies turned the Internet into a centralized site. Basically everything we enjoy on the internet today stems from web 2.0, though the cost was losing the decentralization that was enacted as an inherent feature of the internet.

While web 2.0 was still taking off, a visionary man (yes, Jeffrey Zeldman) says that in the future the web is going to be more technical, more semantic and will return to its origins in terms of decentralization; emerging the term web 3.0.

However, because the potential of Web 2.0 had yet to be explored halfway, this new term coined by Zeldman went largely unnoticed (come on, it was 2006, the first iPhone hadn’t even been released, and mobile networks were in diapers). In addition, the necessary protocols did not exist for the web to evolve towards version 3.0.

A couple of years later, an essential technology for the advance towards 3.0 emerged: Blockchain! Since the blockchain system could allow the return of the long-awaited decentralization. And although it was not immediate, over the years the idea of evolving towards web 3.0 was gaining popularity.

Are we witnessing the emergence of a new web?

Web 3.0 is not a new web in the strict sense of the word, since it is based on the initial codes of web 1.0 and 2.0; so it can be said that web 3.0 is a way of configuring the web and how people interact and connect through it.

Even today the possibilities of web 3.0 are much broader than those initially conceived, due to the fact that it is related to cryptocurrencies, smart contracts, artificial intelligence, blockchains; edge computing and of course decentralized content!

It should be noted that the terms cryptocurrencies and Bitcoin have been popular and have created their own cultures around which they observe a revolution in these technologies for everything they have given us. However, the real revolution is what is happening right now behind the screens of those who are transforming and creating infrastructures to create the future of the web.

Thanks to web 3.0, the large corporations that dominate the internet see their power threatened, since in the face of decentralization; they will hardly be able to continue owning all aspects of your digital identity. This is because through web 3.0 wallets and platforms are created that allow you to be the owner of all your data and digital identity, which paints a very interesting future, don’t you think?

Examples of web 3.0

Everything is better understood through exemplification. An example worth mentioning is the Brave browser, which through decentralization allows users to earn rewards for an activity that is usually done for free; web browsing.

It is true that this browser is not yet as popular as Google (although it already has 50 million users), and it has even had some criticism, making us wonder what would happen if the most popular browsers decided to opt for a similar model in which Will they connect to a wallet and through it you can connect with other projects and earn rewards?

These concepts are difficult to assimilate, even for those who are passionate about the crypto world, since usability and more accessible interfaces for developers are still lacking. In fact, the existing ones are designed for expert developers, creating a great gap to massify web 3.0 projects, this also makes it difficult to create mobile interfaces based on web 3.0.

That is why projects like Celo and El Dorado stand out among the enthusiastic community of web 3.0, since their main focus has been native development from mobile interfaces, allowing greater usability of one of the most amazing functions of web 3.0; financial decentralization.

Thanks to web 3.0, you can find in El Dorado an ally to manage your finances in a more decentralized way, by exchanging your local currency for dollars, euros and Bitcoins. Would you like to enjoy one of the main benefits of web 3.0 through El Dorado? You can be part of this platform here!

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