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WEB 3.0

What is WEB 3.0, WEB 2.0 & WEB 1.0:

The terms “Web 1.0”, “Web 2.0”, and “Web 3.0” are often used to refer to different stages in the evolution of the internet and the web.


Web 1.0: This term is used to describe the early days of the internet, from the late 1980s to the mid-1990s. During this time, the internet was mostly a collection of static web pages that provided information but didn’t allow much user interaction. Websites were basic and focused on providing information, and there was little emphasis on design or user experience.


Web 2.0: This term is used to describe the internet as it evolved in the mid-2000s. With the rise of social media, blogs, and other interactive websites, the web became more dynamic and user-centered. Web 2.0 websites allowed for more user-generated content, social sharing, and community building. This period also saw the rise of cloud computing, mobile devices, and the use of APIs to integrate different web services.


Web 3.0: This term is used to describe the future of the web, with some arguing that we are already entering the Web 3.0 era. Web 3.0 is characterized by a move towards a more decentralized web, built on blockchain technology and other peer-to-peer networks. Web 3.0 aims to create a more open, transparent, and secure internet that empowers users and enables new forms of digital interaction and commerce.


Overall, the terms “Web 1.0”, “Web 2.0”, and “Web 3.0” are used to describe different stages in the evolution of the web and the internet. While the exact definitions of each term may vary, they generally refer to changes in the ways people use the web, the technologies that enable those changes, and the social and economic implications of those changes.

Hello, this is Zohaib.

I'm a certified cryptocurrency expert and professional banker with over 17 years of experience in trade finance and corporate banking. With a passion for technology evangelism and a drive to help people understand complex digital products, I have dedicated myself to providing clear and concise explanations of emerging financial technologies such as cryptocurrencies, blockchain, and other innovative financial products. Through this platform, I seek to share my knowledge and insights with others, helping them to navigate the rapidly evolving landscape of digital finance.

"I think blockchain is very profound. It will change the way our financial system works."

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