We can define Web 3.0 as the decentralized version of the internet, based on blockchain technology. It is all about data ownership, transparency, and freedom.


Having seen the motives Web 3.0 can extend, it will be more interesting to know how it functions. As we read above, the foundation of Web 3.0 is blockchain. All the advantages are built on top of this foundation.


Let us first understand what blockchain is. a very plain statement, a blockchain is a chain of blocks of information that form a system that cannot be changed, deleted, or hacked. Once a block of digital information is created, it is linked to the previous block in the timeline. The process continues so on. Blockchain is a digital record of information that can be distributed but not edited or deleted. Thus, there is no centralized system of control in the blockchain. This feature ensures the security and privacy of our information

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The decentralized nature of blockchain technology provides the basis for the development of Web 3.0. By integrating AI, IoT and ML into Web 2.0 and using blockchain, Web 3.0 will give a very different yet tailored user experience.


Chris Dixon, American internet entrepreneur, investor, co-founder, and former CEO of Hunch, in his tweet, explained Web 3.0.

How does Web 3.0 work?

With Web 1.0 and Web 2 technologies, Hypertext Markup Language (HTML) defines the graph and shipping webpages. HTML will continue to be a foundational layer with Web 3.0, but how it connects to data sources and the place those data sources live ought to be unique to formerly generations of the web.


Many websites and nearly all applications in the Web two era matter on some structure of the centralized database to supply statistics and help to enable functionality. With Web 3.0, instead of a centralized database, functions and offerings make use of a decentralized blockchain. With blockchain, the primary thought is that there isn’t an arbitrary central authority, but instead a structure of distributed consensus.


An emerging governance best inside the blockchain and Web 3 community is the concept of a decentralized self-sustaining business enterprise (DAO). Instead of having a central authority that governs the operations of a platform, with a DAO, Web 3 technologies and communities grant a form of self-governance in an attempted decentralized approach.


Web 3 also fundamentally works with cryptocurrency, greater so than with fiat currency. Finance and the potential to pay for goods and offerings with a decentralized form of the fee is enabled across Web three with the use of cryptocurrencies, which are all built and enabled on the pinnacle of blockchain technology.

Both Web 1.0 and Web 2 were specially built with the IPv4 addressing space. As a feature of a big boom of the internet over the decades, there is a want in Web three for extra net addresses, which is what IPv6 provides.