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Web3 (also known as Web 3.0) [1] [2] [3] was an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics. [4] This is distinct from Tim Berners-Lee's concept of the Semantic Web.
Web3 is the “new internet” in comparison to the current Web 2.0. The term was coined by Ethereum co-founder Gavin Wood in 2014. Blockchain: Exploring the building blocks of Web 3.0
Web3, also called Web 3.0, is the name given to a decentralized web movement that is sometimes described as a "read/write/own" stage of internet development. It focuses on decentralizing the underlying infrastructure of the internet, shifting away from centralized data storage and management using new protocols and technologies.
The Blockchain Table in Oracle 21c database is a centralized blockchain which provide immutable feature. Compared to decentralized blockchains, centralized blockchains normally can provide a higher throughput and lower latency of transactions than consensus-based distributed blockchains.
The Semantic Web, sometimes known as Web 3.0 (not to be confused with Web3), is an extension of the World Wide Web through standards [1] set by the World Wide Web Consortium (W3C). The goal of the Semantic Web is to make Internet data machine-readable .
Web 3.0 may refer to: Semantic Web , sometimes called Web 3.0 Web3 (sometimes referred to as Web 3.0), a general idea for a decentralized Internet based on public blockchains.
The project "aims to radically change the way Web applications work today, resulting in true data ownership as well as improved privacy" [2] by developing a platform for linked-data applications that are completely decentralized and fully under users' control rather than controlled by other entities. The ultimate goal of Solid is to allow users ...
For example, the blockchain data could, in principle and if regulatory structures permit it, replace public documents such as deeds and titles. [2]: 42 [3] In theory, a blockchain approach allows multiple cloud computing users to enter a loosely coupled peer-to-peer smart contract collaboration. [2]: 42 [12]