The World Wide Web, the primary information retrieval system on the Internet, is referred to as the “Web” or simply “the Web.” The terms web and net can be used interchangeably. The number of pages accessed by web browsers makes up the majority of the web, a subset of the internet. However, the term “internet” refers to the vast global network of servers that enables the extensive information sharing that takes place online.
The web is divided into three phases. The initial version, known as Web 1.0, was released in the 1990s and early 2000s. Although Web 2.0 and Web 3.0 are related technologies, the former is the one that the internet currently uses, while the latter belongs to a newer generation.
What is Web3?
Web 3.0 is the fundamental next phase of the advancement of the internet and web and can be an alternative to Web 2.0 because it is based on the concepts of openness, decentralisation, and exceptional user utility. In 2001, Berners-Lee presented the concept of the semantic web, in which he expolered the ideas of decentralisation and bottom-up design. Yet, Web 3.0 goes beyond the concept of the semantic web. It uses the concept of the semantic web, and the natural language processing also makes the user’s contact more spontaneous. Moreover, it also has many dominant features, like the massive practice of machine learning and artificial intelligence (AI) and permission-less or trustless systems, for instance, peer-to-peer networks and blockchains.
What’s new in Web3?
Decentralisation, which is a key characteristic of Web 3.0, describes the distribution of information and resources among several nodes as opposed to a single centralised entity. Data in Web 2.0 is frequently kept on a single server, which leaves it open to risks like censorship and hacking. Web 3.0, in contrast, enables decentralised data storage and distribution, enhancing its security, resiliency, and resistance to control by a single entity.
Another two important characteristics of Web 3.0 are trustlessness and permissionlessness. The ability for anyone to use the network without seeking authorization from a central authority is referred to as permissionlessness. This indicates that anyone can develop and manage a dApp without seeking permission from a higher authority. The ability for participants to interact directly with one another without the need for a middleman or third party to build trust is referred to as trustlessness. This is made possible by the use of decentralised consensus mechanisms, like blockchain technology, which let participants come to an agreement and approve transactions without the aid of a reliable third party.
Real-world use case for Web3
A Web3-based digital identity system might enable a user to show their age for content that is age-restricted without disclosing their birthdate or to validate their educational credentials without disclosing their entire academic record. The way we interact with online services and safeguard our personal data in the digital age could change as a result of this.
Another instance would be decentralised banks, where opening a bank account doesn’t require ID verification and only requires a smart device with web access.
What CUDOS can bring to Web3
Web3 is still mostly a concept for a wider range of people, and to change that, we need a platform that can handle millions of people like traditional Web sites.
CUDOS is a great addition to the world of Web3, which provides everything we discussed earlier about Web3. CUDOS is decentralised from the core, which is the basic necessity of Web 3. CUDOS is a trustless, permissionless blockchain that, with additional tools, can offer everything needed to build a Web 3 ecosystem.
Decentralised compute: We talk about decentralised webs, but it’s not possible without censorship-resistant compute, so CUDOS is building decentralised compute that can be used by any developer to build their unique decentralised products for Web3 on the CUDOS blockchain. With the recent launch of the CUDOS blockchain compute technical preview, CUDOS is one step closer to fully launching the decentralised compute platform. Try CUDOS blockchain compute now.
In conclusion, CUDOS is a promising addition to the Web3 world with its decentralised and trustless blockchain infrastructure that can support millions of users. Developers can build their distinctive Web3 products on top of a solid foundation thanks to its scalable and ecosystem-friendly blockchain and the advancement of decentralised computing. CUDOS is closer to launching its decentralised compute platform fully with the release of its blockchain compute technical preview. Overall, CUDOS offers significant opportunities for users and developers to engage with the Web3 ecosystem and influence the direction of the decentralised internet.