What is Decentralization?

Although it has an abstract meaning, decentralization is one of the cornerstones of messaging in the cryptocurrency industry and is often one of the first phenomena encountered by newcomers.

 

Decentralization consists of both technical and social components that are often inextricably linked. When the decentralization in the Bitcoin network is analyzed; It turns out that there are many components, including subsystems within the entire protocol, how the network adapts over time, the distribution of power between shareholders, and the influence of external forces such as companies and governments outside of the Bitcoin network.

 

What is Web 3.0?

Web 3.0 is a third-generation internet service for websites and applications that will focus on using a machine-based data understanding to create a data-driven web. The ultimate goal of Web 3.0 is to create smarter, connected, and open websites.

 

Web 3.0 has not yet been implemented, so it is difficult to describe it fully. The transition from Web 1.0 to Web 2.0 took more than a decade. The transition to Web 3.0 is expected to take just as long, if not longer. But technologies that are thought to create and ultimately define Web 3.0 are currently in development. Smart home appliances using wireless networks and the internet of things (IoT) are good examples of how Web 3.0 is already impacting technology.

 

If the trend of change is traced from Web 1.0, a static information provider, where people read but rarely interact with websites, to Web 2.0, an interactive and social web that enables collaboration among users, then Web 3.0 will reflect both how websites are built and how they are built. It can also be assumed that it will change how people interact with them.

 

Features of Web 3.0

Web 3.0 can be built with artificial intelligence (AI), semantic web, and ubiquitous features in mind. The idea behind using AI in Web 3.0 is based on the goal of providing faster and more relevant data to end-users. A website using AI should be able to filter and provide data that it thinks a particular user will find appropriate.

 

Social bookmarks can provide better results than Google as they are websites whose results are voted on by users. However, these results can be manipulated by humans. Artificial intelligence can be used to separate legitimate results from falsified ones, thus producing results similar to social bookmarking and social media.

 

The idea of ​​the semantic web, on the other hand, is based on categorizing and storing information in a way that helps teach a system what certain data means. In other words, a website should be able to understand words added to search queries like a human, enabling it to create and share better content.

 

Computing ubiquitously refers to the computing capabilities embedded in everyday objects that enable devices in a user's environment to communicate with each other. This is thought to be another important feature of Web 3.0.

 

Technologies that will create these features include micro-formats, data mining, natural language search, and machine learning. Web 3.0 will also focus more on peer-to-peer (P2P) technologies such as blockchain. Other technologies such as open APIs, data formats, and open-source software will also be used when developing Web 3.0 applications.

 

Web 3.0 and Metaverse Relationship

Bringing the mechanism of connecting without intermediary platforms, Web 3.0 brings to mind the first Metaverse with its innovative features. It creates a common decentralization feature with the metaverse by removing the centrality that is the most obvious common point of Web 1.0 and Web 2.0. At the point of the future of the Internet, these two definitions have become the focal point. We can think of Metaverse and Web 3.0 as two terms that will run parallel to each other and support each other. In this process, Web 3.0 is the infrastructure of this business, while Metaverse expresses the superstructure surrounding it. Metaverse tools such as VR helmets and smart glasses are thought to accelerate the move to Web 3.0.

 

We hope that this blog post will be beneficial for you. We will continue to create useful works to get inspired by everyone. We are sure that we will achieve splendid things altogether. Keep on following Finage for the best and more.

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