What is Web 3.0 & How it can Make You Millionaire in SHORT TIME

What is Web 3.0 & How it can Make You Millionaire in SHORT TIME

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you must be wondering what is web 3.0 in this video we are going to tell you all there is to know about web 3.0 the most recent internet technology that uses machine learning artificial intelligence and blockchain to enable real-world human communication the best thing about this is that web 3.0 will not only allow

individuals to keep their data but they will also be rewarded for their web time does it sound too good to be true welcome to the internet's future first let's talk about web 1.0 and web 2.0 this original version of the web was just a few people developing web pages and content for a huge number of readers allowing them to obtain data facts and material from the sources because it lacked the required forms aesthetics controls and interactivity seen on today's internet this web version is frequently referred to as the read only web people refer to web 2.0 as the read write web because individuals may create content and instantly make it available to billions of other users it has been around for almost two decades and has totally displaced the boring platforms of web 1.0 browser technologies such as javascript and ajax frameworks were used in the building of web 2.0 platforms its growth has also been fueled by mass production and the usage of internet mobile devices most significantly two innovations in 2004 spurred its development facebook the world's first and largest social media network and google the world's largest search engine and mobile operating system developer coming back to web 3.0 it is a concept

for the next stage of internet growth that envisions a decentralized ecosystem built on blockchain technology which integrates data in a decentralized manner to provide a better and more tailored user experience it is created with artificial intelligence machine learning and the semantic web in mind and it employs the blockchain security system to keep your data safe and secure through technologies like big data decentralized ledger technology and others websites and applications will be able to handle information in an intelligent human-like approach when a user searches for information web 3.0 provides the most accurate and relevant results web 3 is the solution to the conundrum of today's web where big companies store our data online web3 emphasises decentralization and is developed operated and owned by its users as opposed to a web monopolized by huge technological firms individuals rather than businesses wield power in web 3. blockchain technology is gaining a lot of traction these days the internet is one of the most unique domains in which improvement is expected while the bulk of the world tries to come up with new methods to invest in blockchain and cryptocurrency web 3.0 is set to emerge

as the foundation of something far greater than the it industry could have dreamed decentralized initiatives that employ smart contracts to automate transactions over the internet are known as web 3.0 cryptocurrencies blockchain is envisioned as one of web 3.0's basic technology layers providing trust in an otherwise trustless virtual world users may trust online data since it is vetted by a consensus engine through the decentralized blockchain based publication system of the future internet ethereum dub the global computer by some is becoming the foundation for a slew of web 3.0

applications often known as d-apps short for decentralized applications instead of centralized servers ethereum runs these d-apps on the blockchain via user-operated nodes allowing anybody to utilize them without their data being sold there is no central authority that can prevent users from using these d-apps although the key features of web3 aren't isolated and don't fit neatly into tidy categories we will try to explain them separately for clarity web 3 provides you unprecedented control over your digital assets let's pretend you're playing a web 2 game when you buy something in-game it's linked to your account these things will be lost if the game's producers cancel your account alternatively if you quit playing the game the value of your in-game stuff will be lost through non-fungible tokens web 3 allows for direct ownership no one including the game's designers has the authority to take your ownership away you may also sell or trade your in-game stuff on an open marketplace to recover their worth if you quit playing the power imbalance between platforms and content owners is enormous your data is stored on the blockchain in web3 you may take your reputation with you when you leave a platform plugging it into another interface that more clearly matches with your ideals content creators in web 2.0 must trust platforms not to modify the rules whereas censorship resistance is a built-in element of web3 you may have a twitter account a facebook account and a google account for instance you always had to register an account for each platform you use do you want to modify your profile image or display name you must do this for each account in certain circumstances you can utilize social sign-ins but this brings up an old problem censorship these platforms may shut you out of your whole online existence with a single click even worse in order to make an account on many sites you must trust them with personally identifying information web3 overcomes these issues by giving you control over your digital identity with a single address and profile using this address allows a secure censorship-resistant and anonymous single login across platforms now we will discuss some of the key features of web 3.0 ubiquity where content is available through different applications every device is linked to the internet and services may be accessed from anywhere connectivity because of semantic metadata information is more linked in web 3.0 as a result the user

experience grows to a higher degree of interconnectivity that makes use of all accessible data semantic web the semantic web is the next step in the evolution of the web the semantic web enhances online technologies in demand for creating sharing and connecting material via search and analysis based on the capacity to interpret the meaning of words rather than keywords or numbers meaning this will process information and data based on the meaning of words rather than search terms artificial intelligence ai will allow computers to process information in the same way that humans do they grow increasingly intelligent in order to meet the needs of consumers how will web 3.0 shape our future although semantic web concept is now seen as far-fetched and futuristic certain apps based on web 3.0 features have already been developed filecoin is a well-known decentralized storage and open source cryptocurrency network the protocol does away with central servers allowing computer owners all over the world to rent out their extra disk space in exchange for fil the network's native cryptocurrency decentralized autonomous organizations global scale decentralized autonomous businesses self-sovereign identities and decentralized data markets will all be part of web 3.0 it will also revolutionize human machine relationships by allowing for secure data transfers automated cryptocurrency payments and seamless ownership transfers among other things for the first time in history human and artificial intelligence will be globally integrated and interoperable with the advent of web 3.0 what are the limitations despite the obvious advantages of web 3 in its current state the ecosystem still has significant constraints that must be addressed in order for it to thrive user experience currently the technological barrier to entry for adopting web3 is too high security considerations must be understood sophisticated technical documents must be understood and unintuitive user interfaces must be navigated wallet providers in particular are striving to address this but more effort is required before web 3 is widely implemented centralized infrastructure web 3 is a young ecosystem that is rapidly growing as a result it now mostly relies on centralized infrastructure github twitter discord many web 3 firms are trying to address these gaps but it takes time to establish high quality dependable infrastructure web 3.0 is still in the works it took more than 10 years to shift from web 1 to web 2 and it is predicted to take just as long if not longer to completely deploy and transform the web with web 3.0 when web

3.0 hits as difficult as it is to comprehend given how smart gadgets have already altered our behavioural patterns the internet will become exponentially more embedded in our daily lives to summarize web 3.0 will deliver us a more equitable internet by allowing the person to be a sovereign true sovereignty entails owning and controlling who gains from one's time and knowledge was this video helpful if so don't forget to press like which video should we do next tell us your suggestions in the comments below check out our videos as well you can find the link up there before you leave please subscribe to our channel for more content like this and hit the bell icon so you don't miss out on our upcoming videos see you in the next one soon thanks for watching hey guys welcome back to the channel the internet version 3.0 often known as web 3.0 offered a whole new decentralized

invisible internet infrastructure it promotes the use of token-based and permission-free app ecosystems with 3.0 initiatives are utilizing blockchain innovation to produce confidentiality and community-driven online apps so in this video we'll go through a comprehensive list of the top 10 web 3.0 projects around the world that are altering the cryptocurrency and internet landscape as of 2022 but before diving straight into the video make sure to like subscribe to the channel and don't forget to click on the notification bell to get all the videos on the go so without any further ado let's get straight into the video number 10 iota this web 3.0 project is the data transfer mechanism for iot devices that uses dags directed acrylic graphs instead of blockchain technology dags employ distributed ledger technology which is comparable to blockchain and functionality but more efficient for instance while using the web 3.0

framework a dags-based venture does not require pain as a result it has increased performance and adaptability to do this the initiative allows communicators to authenticate to other payments besides their own this approach reduces the cost and time involved in sharing data the goal of this web 3.0 initiative is to create a varied trustworthy currency system iota is a framework used in the internet of things iot environment to carry out these interactions but that's not a blockchain it's a dlt system with no blocks chains mining or charges which the creators prefer to name tango there are no expenses the platform's premise was that with iota every client is a miner for someone else at the same time number nine bittorrent bittorrent is a decentralized file sharing network that transcends the terms web 3.0 and bitcoin's development it became one of the most prominent dapps over time was purchased by tron and even launched its coinage btt which is now among the top 50 most renowned cryptocurrencies bittorrent is a file sharing system based on the blockchain in the token driven ecosystem bittorrent rewards users with its own btt coin only when consumers free up hard drive storage and processing resources do they obtain rewarding tokens it also intends to form cooperation and collaboration among users to transfer large amounts of data without relying on a middleman the project offers decentralized file sharing as well as a streaming platform and a web torrent number eight zeta theta is a decentralized blockchain network created with streaming content in mind with corporate network participants from sony google samsung and other firms vetta wants to make video transmissions smoother and more efficient as a peer-to-peer network in web 3.0 the theta system is a mechanism

that governs how linked machines should communicate with one another it governs these exchanges amongst the billions of its members using a list of norms it enables people to install themselves in a bottoms-up community rather than the structured arrangements that precede a top-down structure the initiative provides users with the tools they need to communicate effectively to transmit value and data that a network's p2p data relay improves the efficiency of video streams and data intensive application delivery as a result the research improves the efficiency and cost of systems that move large amounts of data that is currently trading at 3.02 dollars with a market capitalization of around 3.02 billion dollars number seven helium helium is a blockchain based decentralized network for the internet of things iot devices that use the proof of coverage method helium allows users to create a decentralized wireless infrastructure of any size permitting lower power equipment to conserve and send data through a channel made up of networks called hotspots each of which serves a specific area aside from blockchain based services and the metaverse other disruptive innovations such as hotspot technologies 5g and the internet of things are hot topics helium hnt one of the top 10 web 3.0 initiatives is noted for its innovative architecture that links routers and workstations and allows devices to communicate with one another via blockchain technology number six the graph the graph is an organizing mechanism that may be used to organize blockchain data so that the participants can classify and curate it's a low-level blockchain classification technology as well as a high-level encrypted ledger based on it the graph is a curie technique for the middle layer it makes it easier for developers to swiftly create dapps on the ethereum blockchain system the graph aspires to be a decentralized web 3.0 layer that is not dominated or affected by large corporations furthermore the initiative significantly minimizes the time required to swiftly put depths on the market as a result it saves a considerable amount of power and duration during the system development the graph token is now trading at 0.3646 dollars with a market size of 1.7 billion dollars number five polka dot polka dot has been a breakthrough for the evolution of the next generation internet as the web 3 institute's flagship standard blockchain technology is scalable because it can handle many operations on multiple chains at the same time the native token of polka dot dot is one of the top web 3.0 digital

currencies to invest in right now the system permits cross-platform information and digital asset transmissions the blockchain by its very essence may be automatically converted at any moment without the need for a hard fork to add new features or fix flaws when web 3.0 becomes more prominent the logical necessity for the dots should increase that the number 12 virtual currency with a market valuation of 17 billion dollars has recovered 6 as commodity prices have recovered as of 2022 number four file coin this is a top destination among web 3.0 initiatives filecoin is a decentralized peer-to-peer capacity platform where individuals may earn tokens by leasing out space on the hard drive on their pcs one of filecoin's key advantages is that it can preserve digital goods like music and literature behind non-fungible coins anyone whether a single or a data center can be a space supplier and file coins ecosystem all you need is a computer with an internet connection and enough storage capacity you can earn even more processing fees and tokens by providing more storage to the filecoin network with 3.0 important parameters are referred to as data as a result it may be received and saved on decentralized platforms and then used quickly as needed fallcoin is widely regarded as the market leader in web 3.0 storage

projects furthermore balcoin offers a significantly lower price for file storage than other centralized providers users can take advantage of several privacy preserving features provided by the project number three ethereum it's recognized as the supreme leader of decentralized economics defy and is the residence of the most web 3.0 apps and non-fundable tokens nfts of any blockchain to date it has the smartest contracts of any decentralized network and it isn't going anywhere anytime soon although transactions gas costs in the ethereum blockchain remain expensive a switch to a proof of work system in 2022 could dramatically enhance the transfer rates and lower the computational power consumed by the existing proof of stake system allowing the environment to embark on a new development path after giant bitcoin btc usd ether eth is the world's second most valuable cryptocurrency with a market capitalization of billion dollars number two chain link chain link is an ethereum based decentralized network that allows users to create smart contracts based on real world data because it can interfere with any blockchain it's becoming a popular platform for oracle services chainlink's native token link has subsequently seen a strong market and at one point surpassed shiba inu as the most commonly purchased and known cryptocurrency among the world's largest ether holders chain link is now trading at 13.94 with a market capitalization of approximately 6.5 billion dollars as of

april 16 2022 oracle is widely recognized as a critical component of web 3.0 project ensuring that precise timely and reliable information is captured for use on web 3.0 platforms the chain link promotes itself as a technology that may be applied to a variety of crypto applications notably nft defy and exchange platforms it provides prompt oracle facilities it's worth noting that chain link owns almost 70 percent of the whole market cap of the oracle enterprise number one basic attention token bat the most prolific web 3.0 venture bat also abbreviated as basic attention token is number one on this ranking the brave browser uses bet to fuel a blockchain-based digital advertising ecosystem that produces entertainment sponsors bid for their television ads with bat and some of the bat is given to consumers as an incentive for watching advertising marketers can reach their advertising to improve their abilities even though the bat framework safeguards consumers privacy the native web 3.0 crypto initiatives powered by the brave web 3.0 browser include bat brave is an open source browser extension that can be used by anybody for free it rewards users with bad tokens in exchange for their opinions to generate inactive cache users merely really have to view privacy preserving adverts on the website furthermore the web 3.0

initiative automatically excludes website crawlers from monitoring individuals around the internet the basic attention token is currently trading at 0.7658 dollars and has a market capitalization of around 1.5 billion dollars no doubt this attention seeking and my grabbing web 3.0 venture or initiative ranks number one on this list as it's brought innovation or change to the world well that's the end of the video i hope you had a great time if you'd like to see more videos like this in the future leave a comment below subscribe like and comment on the channel and don't forget to click on the post notification bell symbol to get all of our new uploads delivered to your inbox right away it's now time for me to conclude my video stay safe until next time and thanks for watching hey guys welcome back to the channel we all know that the internet is always changing the latest iteration is nothing like the slow text-heavy one we all believed was so cool in the 1990s and next year's internet will be its unique monster if you've been monitoring any forecasts for how the internet of the future will appear and work you've probably heard the phrases web 3.0 and the metaverse thrown up but they're not the identical entity so today in this video we will see web 3.0 verse

metaverse before proceeding to the next video remember to like comment and subscribe to the channel and to switch on the post notification bell icon to receive all our related uploads on the go first of all let us have an idea about what is web 3.0 decentralized technologies including certain blockchain which is used to expedite cryptocurrency transactions will be implemented in the web 3.0 transformation it aspires to overcome some of the biggest setbacks and flaws of the contemporary age of the internet by tackling important concerns of information privacy and governance web 3.0 is related to the premise that there has already been a dramatic change in how we use the internet taking us from web 1.0 which is basically the previous or historic internet to web 2.0 which is

the modern day internet and that's today it's in the classification of those decades between 1991 and 2004 there was a generation of the internet known as web 1.0 it was a go-to platform for relevant data and the proportion of people who created material was overshadowed by the number of people who consumed it web 2.0 has come to represent the subsequent iteration of the internet which is controlled by user-generated information this is when we all started interacting through facebook posts creating and sharing clips on youtube and making comments well everywhere since at least 2006 many have speculated on what web 3.0 will look like components of web 3.0 there are three main components blockchain one of web 3's primary characteristics is blockchain technology web 3 which is based on blockchain technology is focused on decentralization information is decentralized transparent and may be shared using a blockchain-based approach as a result users control their information and can freely exchange it without the threat of damaging ownership confidentiality or relying on outsiders artificial intelligence artificial intelligence has advanced to the point that meaningful forecasts and in some cases potentially life-saving acts may now be made despite the presence of ai in web 2.0 it remains mostly human-driven as long as the big-it corporations take the government of internet traffic ar and vr consumers in a metaverse collaborate educate engage and play games with others virtual reality and augmented reality are the most common innovations used the industry's blockchain projects use interchangeable dependable and replaceable coins to purchase digital realm commodities such as virtual property and avatar clothes metaverse is still in its infancy and hasn't reached its full potential even at that standard internet consumers and developers see substantial opportunities in this innovation examples of web 3.0 the

largest global virtual currency bitcoin is an excellent illustration of a decentralized exchange apple siri is an excellent web 3 example since the release of the 4s model series ai helper has gained more skills siri is a complex and individualized technology that supports ai and speech recognition it's a blockchain based platform for the sale and purchase of nfts called openc google cloud the software giant has revealed that web3 will be upgraded to a cloud-based system now let's understand the concept behind what is a metaverse the metaverse is a connection of virtual 3d universes related to community connectivity while web 3.0 is basically related to the ownership and control of tomorrow's internet it is sometimes defined as a theoretical repetition of the internet as a unified global virtual environment assisted by the usage of vr ar devices in futurology and science fiction the term metaverse was coined in the 1992 science fantasy thriller snow crash as a combination of meta and universe the rise of digital environment technologies like second life has sparked the creation of many metaverses for public usage one characteristic of several metaverse cycles is the blending of virtual and actual locations and digital markets vr techniques have been extensively related to metaverse research in order to boost engagement let's have a quick look at the applications of metaverse the main applications of metaverse are vr facebook horizon a communal vr reality debuted in 2019. in 2021 facebook founder mark zuckerberg claimed that the corporation will establish a metaverse meta technologies has pushed towards the development of numerous vr based applications microsoft founder alt space vr a virtual reality firm in 2017. microsoft teams now has metaverse functionality in combination with digital avatars and virtual world conferences e-commerce property investment e-learning communities work productivity refinement and aesthetics will all benefit from metaverse technologies video games for quite some period metaverse innovations have been included in contemporary internet-enabled video games second life combines several features of social networking into a three-dimensional reality with portraits representing consumers social features are important in many asynchronous multiplayer internet games minecraft's collaborative gameplay is a clever metaphor for a metaverse hardware innovation the metaverse can be accessed using cell phones and general purpose workstations the list has been updated to add ar mr vr and virtual social worlds the requirement for vr headsets has inhibited metaverse expansion and adoption limited mobile equipment and the need to match price and appearance have restricted portability and elevated graphics software technologies for metaverse projects a uniform technical need has not been universally recognized the majority of applications presently use proprietary technology interoperability is a serious worry in the construction of metaversus a number of projects have standardized virtual machines the metaverse is a multi-layered internet populated by real people web 3.0 versus metaverse the two approaches differ from one another in the following aspects one aims and objectives web 3 is the next generation innovation that seeks a representative democracy and decentralized internet environment it is a massive breakthrough of web 2. a user not a tech conglomerate might be a stakeholder or proprietor the user does not need authorization or to obey existing norms in web3 the metaverse system aims to provide users with an augmented world or 3d world 2 application keep in mind that web 3.0 is

the operation device that takes advantage of blockchain advancements healthcare gaming theater music amusement media websites learning and vr instructional approaches all use web 3.0 technology to achieve their goals three the main distinction several important technologies that assist control the full environment can be found in the metaverse connection interfaces decentralization a creative economy and sophisticated technology are all required to establish the metaverse web 3.0 aims to create a decentralized web base solely on blockchain technology users can connect to internet services through blockchain which is controlled by a decentralized peer-to-peer network 4. avatars of metaverse and web3 of course the avatars of web3 and metaverse are the most important basis for comparison the metaverse is a three-dimensional universe in which you can engage with three-dimensional companions items and locations you can play games with your pals from the creators ground for example web3 allows people to nurture retain trade and acquire their material users can also charge for their contributions 5. few different ways although web 3.0 is directly associated with who will govern and regulate the internet in the coming years tech behemoths or people the metaverse is preoccupied with how consumers will communicate with it to explore web pages and use apps many people now utilize pcs cell phones and tablets supporters of the metaverse predict that humans will access the internet soon using virtual reality technology moving between simulated worlds as digital avatars material is controlled transparent well distributed and collectively owned through peer-to-peer networks by using blockchain technology for both of them rapid succession but it is different in the scenario where one can discover to do trade through vr and another enables participants to own their content six basic technology let's create a list of basic web3 technology including blockchain decentralized sovereign organizations and cryptocurrencies the crypto society became the globe's first decentralized web 3 initiative the metaverse on the other hand is based on augmented reality human interface edge computing creative marketing nfts multiplexing user interface 5g and wi-fi 6g at the budding stage 7. ownership battle the goal of web3 is to keep the internet out of the hands of corporate monopolies and make it public ownership the crypto globe's bitcoin market is one of the most prominent instances on the other hand tech conglomerates are reforming or attempting to purchase metaverse enterprises in order to gain control of the planet analysts on the other hand predicted that the corporate influence of the meta universe would be difficult how does metaverse links to web 3.0 although the metaverse and web

3.0 are somewhat different they are not rival conceptions of the future internet either one both or none of them might actually happen and there may be some convergence for example graphics programmer might build an ensemble for an avatar to use in the metaverse and then sell it together with an nft to earn cash this would give the purchase a permanent copyright of the costume even if others duplicated it and dressed their avatars in knockoffs the metaverse has the potential to change the way the internet operates communicate and socialize today there's a chance the web 3.0 may be similar to today's internet in that it will be accessed via pcs and cell phones rather than virtual reality headsets well that was it for this video make sure to like comment and subscribe to the channel and don't forget to click on the notification bell icon to get all crypto related news on the go see you guys in the next video till then bye

2022-11-27 06:29

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