Consider the following features:i. Blockchain integration ii. Centralized platform iii. User ownership and control iv. Interoperability Which of the above are characteristics of Web 3.0?

Question

Quintessence Classes · Accepted Answer

The correct answer is i, iii and iv only. Why "ii" (Centralized platform) is incorrect The defining characteristic of Web 3.0 is decentralization.  While Web 2.0 (our current era) relies on massive centralized platforms like Google, Facebook, and Amazon to act as intermediaries, Web 3.0 aims to distribute power among its users, removing the need for a single governing authority. Breakdown of Web 3.0 Characteristics i . Blockchain integration: This is the underlying technology that allows for secure, transparent, and "trustless" transactions without needing a middleman. iii. User ownership and control: In Web 3.0, users own their data and digital assets (often via tokens or NFTs) rather than "renting" space or services from a corporation. iv. Interoperability: This allows different applications and platforms to work together seamlessly. For example, your digital identity or assets can move with you across various websites and metaverses. Feature Web 1.0 (Static)Web 2.0 (Social)Web 3.0 (Decentralized)User RoleRead-onlyRead-WriteRead-Write-OwnAuthorityOrganizationsCentralized Platforms Distributed Networks Data Storage Files Cloud/  Databases Block chain

Answer

ii and iii only

Answer

i, ii and iii only

Answer

ii, iii and iv only

Consider the following features:

i. Blockchain integration
ii. Centralized platform
iii. User ownership and control
iv. Interoperability

Which of the above are characteristics of Web 3.0?

Answer & Explanation

About this question

JKPSC JKAS 2024 Prelims

Details

More Science and Technology questions

Practice 1,596+ more PYQs interactively