If you've never heard of mobile app development company Mumbai, you’re not alone. In fact, this term has become a buzzword that hardly anyone knows what it means, but everyone seems to be using it. While the term has been used by people in the tech industry for several years now, most people still aren't sure what it means or how to use it. The good news is that web 3.0 isn't as complicated as it sounds and can actually be quite simple to understand if you take the time to learn about it.

1) Introduction

Web 1.0 was text-based, primarily unformatted data like hypertext documents and news updates published on individual web pages. HTML 2.0 was introduced in 1993 and evolved into what we know as HTML 4 today. Hyperlinks were also introduced in this version. Now, every website has a home page that contains links to other websites related to its subject matter and/or for more information about that site's content.

2) Decentralized storage

Decentralized storage is a novel idea that has taken the internet by storm. There are a number of different ways in which this could be achieved, but all would result in a more open and secure web for everyone on earth. With less centralized power over data and content, we can have an internet where information isn't censored or hidden from us. The way we store our data will also change as decentralized storage will see people owning their own data instead of having it owned by companies like Facebook or Google (or even government entities).

3) Blockchain technology

A new type of internet is needed as we continue to see our personal data sold without our knowledge and content creators, such as bloggers, not being compensated for their work. Blockchain can be a solution to these challenges because it creates a network where no one owns the content or has control over what is put on it. This means that only people who buy specific keys can enter, making it impossible for someone to abuse their power and break in (Ibid).

4) Smart contracts

What is a smart contract? A smart contract automatically mobile app development company Pune implements the terms of an agreement between parties that might be called legal contracts, moral contracts, ethical agreements, algorithmic regulation and governance, microeconomic and juridical norms.

5) Decentralized applications (dApps)

dApps are apps that function on an open source software that is decentralized and not reliant on a central company or entity to store data. Users can own their data and be in control of how it is used or distributed, with the dApp in charge of keeping up with the requests. With no one in charge, these applications must find ways to keep people happy while also protecting their users from fraud and misuse.

6) A new programming language/protocol

K is a computer programming language and an associated programming language, which is a descendant of ALGOL 60, with several novel features added to help ease software development and improve scalability. K was developed by Tony Hoare, initially in the late 1950s while working at British Telecom's research labs in England, who also invented Quicksort and then revived it in 1995-1996.

7) Virtual reality enabled by blockchains

Augmented reality will change how we consume information and experience life, but virtual reality has a huge potential to change education, online interaction, and enterprise productivity. There is already a number of blockchain-powered apps that allow people to interact with each other in a virtual environment - no matter where they are located in the world.

8) Real world uses for smart contracts and dApps

DApps have a lot of potential uses, not only in gaming, but also in voting systems, crowdfunding platforms and social media sites. With smart contracts it's possible to ensure any specific rules are followed without bias or human error involved, eliminating the need for an arbitrator and saving time and money on business deals. All in all, I think these changes will bring us closer to living in what David Bowie famously called a world without nations.

Conclusion

In order to stay ahead, A web development website should be prepared for changes in the way they market their products and services. However, instead of reacting to how the web will change, companies should take proactive steps to embrace these new technologies and practices so that they can be a part of this evolving marketplace.