The era of Web 3.0 is approaching: technologies that will change our way of life

Currently, the internet has become an essential part of everyone’s daily life, inseparable from our routines. Whether it’s cross-border communication, conducting online business, or searching for information, the system we are using now is called Web 2.0. Get ready because soon we will enter a new era of Web3, which will bring significant and profound changes.

The Evolution of the Internet: From Web1.0 to Web3.0

Web1.0 - The Beginning of Connecting the World

The story of the World Wide Web started with British engineer Tim Berners-Lee, who invented the data display system on the internet in 1990. He developed three foundational technologies: HTML, URL, and HTTP. The Web1.0 era was one-way communication (One Way Communication) only, where only website creators could publish content, and visitors could only read.

Web2.0 - The Era Where Users Become Creators

Since 2005, the internet has evolved into Web2.0, allowing ordinary users to publish news, share information, and express opinions through platforms like Facebook, Instagram, YouTube, etc. The key feature of this era is two-way communication (Two Way Communication), making it easier for people worldwide to connect.

However, Web2.0 also has significant drawbacks, such as security issues and privacy violations, which have driven the need to develop new systems.

Web3.0 - The Major Revolution of the Internet

Web3 is the third-generation internet network focused on decentralization and data connectivity. Unlike previous versions, Web3.0 empowers users to own their data, turning them into both consumers and owners of their information.

Key Technologies Driving Web3.0

The success of Web3 depends on the integration of four main technologies:

1. Edge Computing - Processing Closer to the Data Source

Edge Computing shifts data storage and processing from centralized servers to edge devices, reducing processing time and increasing accuracy. It also enables real-time data display faster than Web2.0 systems.

2. Decentralized Data Network - Distributed Data Architecture

This system grants users ownership of their data, which is not stored in a single location but spread across multiple nodes. Users can sell or share their data without losing ownership rights.

3. Artificial Intelligence and Machine Learning - Intelligent Systems

These technologies allow Web3.0 to process and understand data more intelligently, reducing manual work and providing more accurate results tailored to user needs.

4. Blockchain - Decentralized Ledger Technology

Blockchain records data in a distributed manner using smart contracts (Smart Contract) for transactions, ensuring transparency, security, and verifiability at all times.

Distinctive Features of Web3.0

Ubiquity - Presence Everywhere

While Web2.0 can be accessed from many locations, Web3.0 goes further thanks to IoT (Internet of Things) technology, enabling users to access data from various devices beyond just computers or smartphones.

Decentralization - True Distribution of Power

Web3 offers a genuinely decentralized internet, where users do not need permission from central authorities to create or share content. This represents true freedom in internet usage.

Artificial Intelligence - Smart Technology

AI helps in reading, interpreting, and analyzing complex data, providing users with more relevant and accurate information.

Semantic Web Interactivity - Understanding Meaning

Unlike Web2.0, which focuses on keyword searches, Web3.0 can deeply understand the meaning and context of words and phrases.

Benefits of Using Web3.0

• Enhanced Security - Due to decentralized data storage, attacks and data theft become much more difficult.

• Always-Accessible Data - Data stored across multiple locations allows users to access information anytime, even if some servers go down.

• Open-Source Platforms - Most blockchain systems are developed by non-profit organizations, enabling everyone to participate in development.

• User Autonomy - Users have control over their data and decision-making.

Challenges of Web3.0

• Complexity of Use - As a new technology, some users may find it difficult to learn and adapt.

• Scalability Issues - Limitations in capacity may cause slower transactions.

• Lack of Supporting Technologies - Currently, the technology to fully support Web3.0 is insufficient, and development budgets are limited.

How Web3.0 Will Change Our Lives

Investment and Participatory Decision-Making

In the future, platform users will be able to participate in development decisions by holding tokens and voting on proposals. For example, gamers can invest in a game and help decide its development direction.

Decentralized Finance (DeFi)

DeFi is one of the most prominent Web3 applications, allowing users to borrow, lend, or invest in digital assets directly, without banks or traditional financial institutions, making transactions faster and more convenient.

Decentralized Autonomous Organizations (DAO)

DAO is a new organizational model built on blockchain, where token holders collectively make decisions. It offers a new approach to organizational management never seen before.

Summary: Web3.0 and the Future of the Internet

Currently, Web3 is still in development and only partially implemented across platforms. Despite many challenges, the potential of Web3.0 is undeniable.

This transformation may seem complex and like a double-edged sword with both pros and cons. Developing new technology requires significant investment, expert development teams, and time to optimize systems.

What is certain is that current technologies are transforming our world, and human lives worldwide are driven by the internet. Therefore, preparing for and understanding Web3.0 is crucial for building a better future.