Web3 and Web 3.0 are NOT the same thing. Here’s why.
Web3 → the decentralized, blockchain-based web Web 3.0 which is Tim Berners-Lee vision of a linked or semantic web.web1: read
web2: read, write
web3: read, write, own
# Difference between web3 and web 3.0
The semantic web, known as web 3.0, focuses on efficiency and intelligence by reusing and linking data across websites. The decentralized web or web3, however, puts a strong emphasis on security and empowerment by returning control of data and identity to users.
Semantic web uses a central place called the solid pod to store all user data, enabling users to handle third-party access to their data. Solid pods also issue a unique WebID for users that act as an identity within the ecosystem. In the blockchain-based web3, users can store their data in a cryptocurrency wallet, which they can access using their private keys.
Additionally, they both use different technologies to implement their purpose of data security. Web3 uses blockchain technology, while in web 3.0, certain data interchange technologies like RDF, SPARQL, OWL, and SKOS are used.
Data in web3 is difficult to modify or delete since it is scattered across multiple nodes; however, data in web3.0 can be changed effortlessly. Furthermore, the data stored in the solid pod is centralized, while the keys stored in crypto wallets provide access to the data of assets that reside on a blockchain.
# Web3 and web 3.0 similarities
Although both web3 and web 3.0 are similar in names, there is a huge difference in their concepts and approach. However, they both have a common purpose. Both web3 and web 3.0 aim to create a better version of the Internet by maintaining users’ control over their data. The core difference lies in the approach taken to reach this purpose. While data is stored in a solid pod in the semantic web, web3 uses decentralized technologies for the same.
It is worth noting here that both web3 and web 3.0 are still under construction (in their nascent stage). Although various web3 and web 3.0 experiments are going on, they are yet to be implemented in a full-blown form.
# Introducing Web 3.0The Web 3.0 vision includes a large component called the “semantic web,” which Tim Berners-Lee proposed, who is the inventor of the World Wide Web.
Web 3.0 is the next step in the evolution of the Web from Web 2.0. The semantic Web is a major component of this evolution. The Semantic Web aims to make the Web more machine-readable by making resources easier to access.
## What does it mean?The semantic Web solution or Web 3.0 is to store all your data in one place, the Solid pod. This allows you as a user to control who and what applications have access to their data. A WebID is also added to the pod, allowing you to identify yourself online. The WebID is similar to a crypto wallet, allowing us to sign in to apps using a LinkedIn or Facebook account. However, we don’t lose control of our data.
# What’s Web3?[Web3] is a generic term that describes the vision for a better internet. Web3 is a platform that uses blockchains, cryptocurrency, and NFTs to return power to users in the form of ownership. Web3 is not concerned with creating a similar web of hyperlinked resources but rather solving issues around asset ownership, both digital and physical. The client/server model of the Web has been used over “http/https,” whereas “Web3”, as it is being proposed, uses a decentralized model using blockchain-based protocols.
# What is Web3’s importance?
## It grants you ownership
Web3 allows you to take control of your digital assets in a unique way. Let’s say, for example, that you are playing a web 2.0 video game. Your account is tied to any in-game purchase, and these items will be lost if the game creators delete your account. You also lose all the value that you have invested in your in-game items if you quit playing the game.
Web3 allows direct ownership via non-fungible tokens, and your ownership is not transferable by anyone, even the game creators. You can also sell or trade in-game items on the open market to recoup their value if you quit playing.
Resource : https://www.leewayhertz.com/web3-vs-web3-0/
Semantic Mind Team