Is Web3 The Future of the Internet?

Here are the basics, the comparison & the future directions

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A lot is being talked about these days about "Web 3". If you still don't know what it means, then don't worry, you are not alone.

The term "Web 1.0" referred to the period between 1991 and 2004 when most websites were static pages, and users tended to be consumers of content, not producers.

"Web 2.0" is a concept based around the notion that "the web is a platform." It includes user-created content uploaded to social networking services, blogs, and wikis. According to consensus, Web 2.0 began in 2004 and continues today.

The "Web 3.0" ecosystem is a decentralized online ecosystem based on the blockchain. Rather than a central gatekeeper, users will own the platforms and apps built on Web3 by contributing to their development and maintenance.

Here is a comparison table —

History of Web 3.0