Friday 8 December 2023

Web 3.0 - What is it, how does it work and whats the concept behind it?

 


The internet has come a long way since its inception. From the static pages of Web 1.0 to the dynamic, interactive experience of Web 2.0, we have seen the web evolve into a complex ecosystem that has revolutionized the way we live, work, and communicate with one another. And now, we are on the cusp of yet another potential transformation – Web 3.0.

Ethereum co-founder Gavin Wood created the phrase “Web3” in 2014, and the concept piqued the interest of cryptocurrency enthusiasts, huge technological corporations, and venture capital organizations in 2021.Web3 principles were first represented in 2013.

In this glossary page, we will explore what Web 3.0 is exactly and how it differs from its predecessors. We will dive into its key characteristics, functionality and features that make it stand out from other versions of the web. We will also look at real-life applications of Web 3.0 in different industries and discuss the potential pros and cons of this new era of the internet.


Full page on our website: https://agrtech.com.au/glossary/web-3-0/

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