Web 3.0 Tech
What exactly is Web 3.0? What will it look like and how will it change our lives?
Before explaining the Byepix WEB 3.0 integration, we can introduce it to the topic of distribution. What makes a blockchain decentralized? It is a fact that records can be kept not by a central authority but by thousands of different people in different parts of the world. This distribution ensures decentralization over transactions. Web 3.0 is the integration of this distribution into web systems. In WEB 3.0, trades, storage, approvals are not on a central server; shared among the network’s users, validators, delegates, and stakeholders of the DAO mechanism.
At the same time, WEB 3.0 has other advantages. Imagine a new type of internet that not only correctly interprets the data you enter but understands everything you transmit through text, audio, or other media. This internet offers you a more convenient environment than ever before for every content you consume. We are above a critical threshold in the evolution of Internet technology. It’s already called Web 3.0.
Adopted by Byepix and defined as the third generation of the internet, Web 3.0 is an environment where data is processed by an intelligent human. Websites and applications use machine learning (ML), Big Data, and decentralized ledger technology (DLT).
Initially, Web 3.0 was referred to by Tim Berners-Lee, the inventor of the World Wide Web, as the “Semantic Web.” A self-powered, intelligent and open internet.
If we expand the definition of Web 3.0 more, it can be said that there will be a great leap forward in the current generation of the Internet (Web 2.0), where data will be connected in a decentralized way and the information is stored mostly in the central area.
In addition, both users and devices will be able to interact with the data. Of course, for this to happen, programs need to understand the data both conceptually and contextually. Considering this, it can be understood that the Web 3.0 standard is the two semantic web and artificial intelligence (AI).
Since Web 3.0 networks will work with decentralized protocols (the foundations of blockchain and cryptocurrency technologies), strong interaction and coexistence can be expected between these technologies and other fields. Through smart contracts, the structure of each company will change and become interoperable. Projects will be integrated seamlessly and processes will be automated. Current De-Fi protocols are just the tip of the iceberg.
The next generation internet will provide a more personalized and customized browsing experience while helping to leverage the benefits of smarter and more humane digital assistants and decentralized systems and create a fairer web. In this way, each user will be allowed to have rights over their data. A more advanced experience will be provided with numerous innovations that will come after implementation.
Inevitably, when Web 3.0 becomes available, the internet will become much more integrated into our daily lives, although it is difficult to understand considering how smart devices are changing our behaviour patterns. Nearly all of the normal offline home appliances, such as ovens, vacuum cleaners, and refrigerators, will become part of the internet of things (IoT) ecosystem. By interacting with both autonomous servers and decentralized applications (DApps), they will leverage blockchain and digital asset systems to power countless “miraculous” new technologies of the 21st century.