siliconindia | | MAY 20238Web 3.0, also known as the decentralized web, is the next generation of the internet that is designed to be more open, secure, and user-controlled than the current Web 2.0. It is built on blockchain technology and offers a decentralized network where users can interact with each other and with applications without relying on centralized servers or intermediaries. Web 3.0 has the potential to revolutionize the way we access and share information, conduct business, and even govern society.A bird's eye on the evolution of the webThe birth of the World Wide Web by Tim Berners-Lee in 1989 was the beginning of the Information Age. The first implementation of the web, called the Web 1.0 or the 'Readonly Web,' allowed users to search for information and read it, but there was very little in the way of user interaction or content contribution. The early web had millions of static websites, which mushroomed during the dot-com boom. The lack of active interaction of common users with the web led to the birth of Web 2.0, which allowed users to contribute content and interact with other web users. This era empowered the common user with new concepts like blogs, social media, and video streaming. Web 3.0, also known as the semantic executing web, extends the Web 2.0 concept by combining semantic mark up and web services, promising applications that can speak to each other directly and broader searches for information through simpler interfaces.Semantic markup refers to the communication gap between human web users and computerized applications. One of the largest organizational challenges of presenting information on the web was that web applications weren't able to provide context to data, and, therefore, didn't really understand what was relevant and what was not. Web 3.0, by combining a semantic mark up and web services, promises the potential for applications that can speak to each other directly, and for broader searches for information through simpler interfaces. The attributes that are going to be a part of Web 3.0 include contextual search, tailor-made search, personalized search, the evolution of 3D web, and deductive reasoning. Web 4.0, also known as the 'Mobile Web,' is an alternate version of what we already have. It connects all devices in the real and virtual world in real-time. As the global crypto ecosystem has grown tremendously in the past few years, Web 4.0 will bring new opportunities for block chain and crypto currencies, and the way they interact with the web.The future of Web 3.0 & crypto in IndiaThe crypto industry has been rapidly growing over the past few years and currently boasts over 200 million users worldwide, with around 10 percent of them hailing from India. Despite regulatory uncertainty, Indian investors have shown significant interest in the space, and Web 3.0-based For instance, customers can use AR apps on their smart phones to virtually try on clothes, accessories, or makeup before purchasing. It enhances the shopping experience & reduces returns, as customers can better understand how the products will look on themEDITORIAL EXCLUSIVEEXPLORING THE ROLE OFWEB 3.0 & CRYPTO SERVICES IN INDIA
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