Web3 : The Future Of The Internet..

Technology has been evolving and we have seen a significant improvement and addition in this decade. Now we are surrounded by technology in such a way that it is hard for us to imagine a life without it and that's a reality that we need to admit. I'm not saying that we cannot live without technology but if there is no technology then for sure we are going to live a life that is too hard. Technology is not a luxury for us anymore instead it's our part of life and we are highly dependent on this. Similarly, social media is also evolving and it has allowed us to connect with people across the world. Web two has allowed us to get many things done through the Internet found with web 3 the face of the Internet is going to be changed.

(edited with canva)

What is Web 3

In simple words this is the third generation of the Internet and this is so is smarter that is capable of understanding what we are doing and accordingly, it will make things easy for us. It is also more of the decentralization which means anything that we share on the decentralized platform will remain under our ownership. Web 3 is backed by the blockchain and cryptocurrencies where things are transparent and no tech company will be able to have ownership of the account or even the content. Web 3 social media is also giving opportunities to people to get rewarded in form of crypto tokens which is not possible with web 2.

Web 3.0 (Web3) is the third generation of the evolution of web technologies. The web, also known as the World Wide Web, is the foundational layer for how the internet is used, providing website and application services

What makes Web 3 better

Web 2 is the better virgin of the Internet through which we can execute a bunch of transactions and even we can use social media with so many activities. We get access to applications that we can use anytime and these apps also work so fast. So this is a good enhancement and upgrades that we have received in web 2 as compared to the previous version of the Internet called web 1.0.
With Web 3.0 things are going to be different and with this, we are also going to get decentralization, token economy, and blockchain. Blockchain technology is highly advanced and it can run applications and projects on a scale that makes it a better face of Internet things will be so fast. We will also have complete control over the content that we share unlike we have with Web 2.0 as of now and something is going to change the overall experience with the Internet with this new face of the Internet is called Web 3.0

Future of Internet

A shift has already been started from web two to web three because people are getting more opportunities with the new version of the Internet. Play to earn is one of the segments in web 3 where we can earn through gaming and something is bringing a lot of people to the new internet. That's not all because metaverse is another segment where we can see a lot of traction by the people. So these are just two examples where we have a bunch of options with web three. This is why people are liking it and I'm sure that it is going to be the future of the Internet. This transition might take the next couple of years but it has already started and if we look closely then we can see the growth is quite fast.

We at Hive know how it is helping us to build something for the long term and even changing lives. Here also we have a bunch of decentralized applications that we can use with the same login credential and everywhere we get the same freedom and the opportunity to earn rewards. So in my opinion I believe that we're three is going to be the future of the Internet because this is changing the world and also the way people use the Internet. Now people want to own the content and they do not like the intervention of any company and that is something we can only get with this new version of the internet. As I already mentioned that this transition has started and it might take some time but for sure this decade is going to be a game changer for everyone who is an Internet user in the world. The other good thing is that web three is not just limited to some regions instead it is for the entire world and people from the entire world are moving towards web 3 as the new face of the Internet.

Thank you so much Stay Safe

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