With people going beyond their usual ideas, we are now confronted with technologies such as blockchains and other widespread technological aspects that are aimed at creating a greater impact on future generations. We were already exposed to and well acquainted with Web1.0 and Web2.0, but now Web3.0 has also modified the way we look at it.
Web1.0 paved the way for more of a brick-and-mortar mindset, which provided a decentralized platform with very limited engagement. On the other hand, Web 2.0 brought some serious changes and came to be known as the ‘social web’ as it rose due to the widespread usage of e-mail, social media, and user groups. Web3.0 has been around since the early 2000s and was known as the ‘semantic web’. In general terms, it was described as the web that analyses data and allows agents to interact with people. With the dominance of crypto and blockchain enthusiasts, it is usually used to describe a decentralized web with the use of artificial intelligence.
The success of Web3.0 has been due to the fact that it has been capable of solving a variety of security challenges that have been posed by different systems. Transactions on the blockchain are completely immutable, which means that they cannot be altered and are also publicly accessible. Users still access the front end by signing transactions using their private keys, which are thereupon connected to nodes that help in preserving the user control and privacy of data.
In Web1.0 and 2.0, the crucial aspect was its response. However, in Web3.0, the security should be extremely strong as the transactions are immutable and the system is required to verify them at the very first instance. It should be well versed with the technical addressing system, the vulnerabilities with regards to the attacks, and smart contract management among many others. As the systems are more decentralized, it is difficult to ascertain who owns the problems, and there comes various decentralized autonomous organizations that collaborate to negate any rising security issues.
There are several apps and services that do not employ the best security systems for their users as they fail to authenticate the API responses. This provides that when the user’s data is retrieved, there is no reliability of complete authentication and that the data has not been tampered with in any way. It also furthermore helps in easier user-controlled key management as there is high risk and complexities involved in managing the private keys that direct the users to choose hosted wallets. Web3.0, in such circumstances, prevents the users’ ability to take undue advantage of the data and provides better usability and protections for non-custodial situations.
As the development of proper infrastructure for crypto and blockchain is still in a nascent stage in different jurisdictions, the focus should shift more to defining the architecture that solely satisfies the demands of the modern web, optimum cloud costs, and tackling the growing number of applications. These combined approaches would help build a decentralized version of Web3.0 that concentrates on the modern aspects such as blockchains and also build higher and better security systems that would only solve the problems with data leaks that still persist to date.
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