Spirit 369

Sep 26, 2022

Web 3.0

How does Web 3.0 work?

With Web 1.0 and Web 2.0 technologies, Hypertext Markup Language (HTML) defines the layout and delivery of webpages. HTML will continue to be a foundational layer with Web 3.0, but how it connects to data sources and where those data sources reside could be somewhat different than earlier generations of the web.

Many websites and nearly all applications in the Web 2.0 era rely on some form of centralized database to deliver data and help to enable functionality. With Web 3.0, instead of a centralized database, applications and services make use of a decentralized blockchain. With blockchain, the basic idea is that there isn't an arbitrary central authority, but rather a form of distributed consensus.

An emerging governance ideal within the blockchain and Web 3.0 community is the concept of a decentralized autonomous organization (DAO). Instead of having a central authority that governs the operations of a platform, with a DAO, Web 3.0 technologies and communities provide a form of self-governance in an attempted decentralized approach.

Web 3.0 also fundamentally works with cryptocurrency, more so than with . Finance and the ability to pay for goods and services with a decentralized form of payment is enabled across Web 3.0 with the use of cryptocurrencies, which are all built and enabled on top of blockchain technology.

Both Web 1.0 and Web 2.0 were primarily built with the . As a function of a massive growth of the web over the decades, there is a need in Web 3.0 for more internet addresses, which is what provides.

Key Web 3.0 features

There are several key Web 3.0 features that help to define what the third generation of the web will likely be all about, including the following:

Web 3.0 applications

With blockchain at the foundation, Web 3.0 enables a growing number of different types of new applications and services to exist, including the following: