The Problems With Web 1.0 And Web 2.0

The internet began as a way to communicate with the masses and connect the world unlike ever before. It has led to countless great platforms that have improved the lives of people globally. 

That said, the first form of the World Wide Web (Web 1.0) had problems. While people had access to more information, they couldn’t create content of their own because websites were static and read-only. 

Web 2.0 changed this and paved the way for increasingly immersive user-generated content and a WWW that was more interactive and accessible. But this came at a cost - centralization. 

Platforms could now access and store more user data than in any period of human history. What’s more, this has led to deep-seated issues of monopoly (duopoly) and censorship. 

Think of Facebook and Google. They have a monopoly on ads and user data and have the final

The Problems With Web 1.0 And Web 2.0

The internet began as a way to communicate with the masses and connect the world unlike ever before. It has led to countless great platforms that have improved the lives of people globally. 

That said, the first form of the World Wide Web (Web 1.0) had problems. While people had access to more information, they couldn’t create content of their own because websites were static and read-only. 

Web 2.0 changed this and paved the way for increasingly immersive user-generated content and a WWW that was more interactive and accessible. But this came at a cost - centralization. 

Platforms could now access and store more user data than in any period of human history. What’s more, this has led to deep-seated issues of monopoly (duopoly) and censorship. 

Think of Facebook and Google. They have a monopoly on ads and user data and have the final say on what the end-user can or cannot see. Web 3.0 is precisely a solution to fix these flaws of Web 2.0.

What Is Web 3.0?

Web 3.0 is believed to be the evolution of the internet as we know it. This future edition of the WWW will be built on the blockchain and powered by machine learning and AI.

We can broaden the Web 3.0 definition to say that it’ll be decentralized because of blockchain technology. What comes with decentralization of the WWW could include:

• Opportunity: More platforms can function without the threat of monopoly
• Knowledge: Information will be censorship-resistant and more accessible
• Safety: Data won’t be stored in centralized repositories
• Autonomy: Users will be able to build and own a part of the internet and use tokens as a central piece of ownership 
• Integration: Cryptocurrencies and NFTs will become the central medium of exchange and transactions
  

All of this combined may fuel a more robust creator economy with the use of cryptocurrencies and NFTs. These factors may be enough to kickstart a new era of WWW but there are other irons in the fire. 

Web 3.0 will be smarter than its predecessors because it’ll be able to understand human language and logic. The technology behind this is known as semantic learning. 

It’ll train Web 3.0 to understand, handle, and respond to user data in ways like never before, in conjunction with machine learning. These concepts associated with Web 3.0 may seem hypothetical.

But believe it or not, they’re already being built by several blockchain projects whose cryptocurrencies are expected to serve as one of the pillars of Web 3.0.

Top Web 3.0 Cryptocurrencies For 2023

Cryptocurrencies are by nature decentralized. More than that, they’ve given rise to greater autonomy and innovation with better accessibility and seamless transactions compared to Web 2.0 technologies.  

This is why they’re inseparable from Web 3.0 and experts believe that cryptocurrencies have an important part to play in the evolution of Web 3.0 and the metaverse, which is different from yet linked to Web 3.0.

With that in mind, here’s a list of top Web 3.0 cryptocurrencies that have been sorted according to market cap, popularity, and Web 3.0 use cases.