Correct Answer:
Option C —
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 verified by Quintessence Classes faculty — Karan Nagar, Srinagar.
