The Three Generations of the Web

Abstract

This chapter discusses the evolution of the web and its three generations: Web 1.0 (the Read-Only Web), Web 2.0 (the Read-Write Web), and Web 3.0 (the Read-Write-Execute Web). Web 1.0 was characterized by static web pages, while Web 2.0 introduced social networks and dynamic pages. Web 3.0 is the next generation of the web and encompasses the use of AI, blockchain, and immersive virtual experiences. The focus of Web3 is on blockchain technology, which uses cryptography and public/private key infrastructures and is open, public, and collectively owned. The chapter explains the Metaverse, highlights the potential dangers of AI, including a possible AI takeover, and the benefits of Web3, including a change in the fundraising game for entrepreneurs. Additionally, the chapter explores the differences between Web2 and Web3 in handling identity and data, and the role of wallets in accessing dApps.