Change is inevitable, and the internet is not left out. We have witnessed how technology has evolved, making our daily lives and interactions easy and more efficient compared to the past. Therefore, the evolution of the internet has shifted the world from being traditional to becoming more digital.
With the internet, innovations like cryptocurrencies and the blockchain have taken control of various industries not limited to finance, sports, entertainment, media and even agriculture. However, the internet did not suddenly become what it is today. This article will outline the road map of how the internet became a vital tool for technological advancement.
The establishment of the internet dates back to the late 1960s. However, it has undergone various upgrades and improvements in terms of features and capabilities and its currently on its way to becoming fully developed with the launch of Web 3.0.
You must have probably heard of Web 3.0 at some point because it is the newest form of the internet that is now fully developed. Web 3.0 was designed from Web 1.0 and Web 2.0 and is fast becoming tomorrow’s internet, mainly as the world adopts blockchain technology and the metaverse.
In this article, we’ll go over Web 3.0’s evolution and why cryptocurrencies are essential to it.
Web 1.0 marked the first stage of the evolution of the World Wide Web, with most users being content consumers. Personal web pages were standard, with static pages hosted on ISP-run web servers or accessible web hosting servers was a content delivery network that allowed users to showcase the website information.
Websites were created using programming languages such as HTML, CSS, and PHP at the time. These are reasonably standard programming languages, and not much can be done with them. For example, HTML could display only a text or image, and then CSS could be used to format the website.
Web 2.0 refers to websites worldwide emphasising user-generated content, usability, and interoperability for end users. However, it does not refer to a change in technical specifications but rather to how web pages are designed and used.
In addition, Web 2.0 allows interaction and collaboration in social media dialogues as the creator of user-generated content in virtual communities.
Web 3.0 refers to the evolution of web usage and interaction, which includes transforming the Web into a database with the integration of DLT (Distributed Ledger Technology blockchain, for example). That data can help to create Smart Contracts based on the individual’s needs.
Additionally, it allows for the advancement of the web’s back-end after a long period of focusing on the front-end (Web 2.0 has mainly been about AJAX, tagging, and other front-end user-experience innovations).
Finally, Web 3.0 is a term used to describe several evolutions of web usage and interaction among various paths. In this case, data is not owned but shared, with services displaying different views for the same web/data.
So why is the blockchain a big part of this internet version?
The blockchain is a network of thousands of computers that are linked together. On these computers, everything that happens on the blockchain internet is recorded. As a result, no single party has access to all of the data, making it fully decentralised.
The metaverse is an integral part of Web 3.0, and many blockchain projects are either working on it or are developing something in a metaverse. The metaverse is a next-level digital world that allows you to access the unimaginable via virtual reality glasses.
Additionally, there are numerous activities available in the metaverse. For example, you can communicate and interact with other users in the metaverse, make transactions, play games, and trade digital assets.
You can also attend parties, live concerts by your favourite artists, and shop in one of the many stores available in the metaverse.
With the popularity of Web 3.0 overgrowing, the cryptocurrency industry remains one of the major drivers. As a result, more innovative measures are being taken to facilitate Web 3.0, ranging from the metaverse to Gamefi to futuristic products.
Coinmerce is a cryptocurrency exchange in the Netherlands that aims to make cryptocurrency management as simple as possible. They have grown their platform and community without losing sight of their mission, cryptocurrency for everyone, everywhere.
Cryptocurrency serves as a liquidity mechanism for the web3 infrastructure, a decentralised internet built with cryptography and redundancy. This enables an internet infrastructure based on a new type of trust, in which data and/or identity verification can live on a distributed blockchain and be effectively “double-checked.” All editing and retroactive change to information shared in the public record can be tracked in perpetuity.
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