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Web3
Web3 (also known as Web 3.0) is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics. This is distinct from Tim Berners-Lee's concept of the Semantic Web. Some technologists and journalists have contrasted it with Web 2.0, in which they say user-generated content is controlled by a small group of companies referred to as Big Tech. The term "web3" was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms. The concepts of web3 were first represented in 2013. Critics have expressed concerns over the centralization of wealth to a small group of investors and individuals, or a loss of privacy due to more expansive data collection. Billionaires like Elon Musk and Jack Dorsey have argued that web3 only serves as a buzzword or marketing term. Background Web ...
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Big Tech
Big Tech, also referred to as the Tech Giants or Tech Titans, is a collective term for the largest and most influential technology companies in the world. The label draws a parallel to similar classifications in other industries, such as "Big Oil" or "Big Tobacco". In the United States, it commonly denotes the five dominant firms—Alphabet Inc., Alphabet, Amazon (company), Amazon, Apple Inc., Apple, Meta Platforms, Meta, and Microsoft—often called the "Big Five". An expanded grouping, sometimes termed the "Magnificent Seven", includes Nvidia and Tesla, Inc., Tesla. The concept of Big Tech can also extend to the major Chinese technology firms—Baidu, Alibaba Group, Alibaba, Tencent, and Xiaomi—collectively referred to as BATX. History In the late 20th century, IBM, Apple, Inc., Apple and Microsoft dominated the IT industry. After the dot-com bubble wiped out most of the Nasdaq Composite stock market index, surviving tech startup company, startups expanded their market shar ...
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World Wide Web
The World Wide Web (WWW or simply the Web) is an information system that enables Content (media), content sharing over the Internet through user-friendly ways meant to appeal to users beyond Information technology, IT specialists and hobbyists. It allows documents and other web resources to be accessed over the Internet according to specific rules of the HTTP, Hypertext Transfer Protocol (HTTP). The Web was invented by English computer scientist Tim Berners-Lee while at CERN in 1989 and opened to the public in 1993. It was conceived as a "universal linked information system". Documents and other media content are made available to the network through web servers and can be accessed by programs such as web browsers. Servers and resources on the World Wide Web are identified and located through character strings called uniform resource locators (URLs). The original and still very common document type is a web page formatted in Hypertext Markup Language (HTML). This markup lang ...
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Buzzword
A buzzword is a word or phrase, new or already existing, that becomes popular for a period of time. Buzzwords often derive from technical terms yet often have much of the original technical meaning removed through fashionable use, being simply used to impress others. Some buzzwords retain their true technical meaning when used in the correct contexts, for example artificial intelligence. Buzzwords often originate in jargon, acronyms, or neologisms.definition of buzzword
. Grammar.About.com.
Examples of overworked business buzzwords include ''synergy'', ''vertical'', ''dynamic'', ''cyber'' and ''strategy''. It has been stated that businesses could not operate without buzzwords, as they are the shorthands or internal shortcuts that make perfect sense to people informed of the context. ...
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History Of The World Wide Web
World Wide Web, The World Wide Web ("WWW", "W3" or simply "the Web") is a global information medium that users can access via computers connected to the Internet. The term is often mistakenly used as a synonym for the Internet, but the Web is a service that operates over the Internet, just as email and Usenet do. The history of the Internet and the history of hypertext date back significantly further than that of the World Wide Web. Tim Berners-Lee invented the World Wide Web while working at CERN in 1989. He proposed a "universal linked information system" using several concepts and technologies, the most fundamental of which was the connections that existed between information. He developed the first web server, the first web browser, and a document formatting protocol, called HTML, Hypertext Markup Language (HTML). After publishing the markup language in 1991, and releasing the browser source code for public use in 1993, many other web browsers were soon developed, with Marc ...
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Decentralized Web
The decentralized web is a network of independent computers that provide secure, censorship-resistant access to information and services without relying on central servers or clouds, using decentralized computing. History and development Decentralized computing has a long theoretical and practical history in the design of robust systems. The internet itself was designed around principles of decentralization, allowing an unknown network of machines to be organically connected, addressed, and updated over time without a central administration. In the development of the internet, Web 1.0 is sometimes described as primarily static webpages with minimal interactivity; while Web 2.0 was described as the "read/write" web, with dynamic content and user interaction, including platforms like YouTube and the advent of smartphones which could easily capture and broadcast information from anywhere. The rise of cloud computing and large platforms that served the needs of Web 2.0 led to a ...
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Semantic Web
The Semantic Web, sometimes known as Web 3.0, is an extension of the World Wide Web through standards set by the World Wide Web Consortium (W3C). The goal of the Semantic Web is to make Internet data machine-readable. To enable the encoding of semantics with the data, technologies such as Resource Description Framework (RDF) and Web Ontology Language (OWL) are used. These technologies are used to formally represent metadata. For example, Ontology (information science), ontology can describe concepts, relationships between Entity–relationship model, entities, and categories of things. These embedded semantics offer significant advantages such as reasoning engine, reasoning over data and operating with heterogeneous data sources. These standards promote common data formats and exchange protocols on the Web, fundamentally the RDF. According to the W3C, "The Semantic Web provides a common framework that allows data to be shared and reused across application, enterprise, and commu ...
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Web 2
Web 2.0 (also known as participative (or participatory) web and social web) refers to websites that emphasize user-generated content, usability, ease of use, participatory culture, and interoperability (i.e., compatibility with other products, systems, and devices) for end users. The term was coined by Darcy DiNucci in 1999 and later popularized by Tim O'Reilly and Dale Dougherty at the first Web 2.0 Summit, Web 2.0 Conference in 2004. Although the term mimics the numbering of software versions, it does not denote a formal change in the nature of the World Wide Web, but merely describes a general change that occurred during this period as interactive websites proliferated and came to overshadow the older, more static websites of the original Web. A Web 2.0 website allows users to interact and collaborate through social media dialogue as creators of user-generated content in a virtual community. This contrasts the first generation of #Web 1.0, Web 1.0-era websites where people ...
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Ethereum
Ethereum is a decentralized blockchain with smart contract functionality. Ether (abbreviation: ETH) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software. Ethereum was conceived in 2013 by programmer Vitalik Buterin. Other founders include Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015. Ethereum allows anyone to deploy decentralized applications onto it, with which users can interact. Decentralized finance (DeFi) applications provide financial instruments that do not directly rely on financial intermediaries like brokerages, exchanges, or banks. This facilitates borrowing against cryptocurrency holdings or lending them out for interest. Ethereum also allows users to create and exchange non-fungible tokens (NFTs), which are tokens that can be tied to un ...
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Gavin Wood
Gavin James Wood is an English computer scientist, a co-founder of Ethereum, and creator of Polkadot and Kusama. Early life Wood was born in Lancaster, England, United Kingdom. He attended the Lancaster Royal Grammar School. He graduated from the University of York with a Master of Engineering (MEng) in Computer Systems and Software Engineering in 2002 and completed his PhD entitled "Content-based visualization to aid common navigation of musical audio" in 2005. Career Before working on Ethereum, Wood was a research scientist at Microsoft. He was one of the founders of the Ethereum blockchain, which he has described as "one computer for the entire planet," with Vitalik Buterin, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin during 2013–2014. Wood proposed and helped develop Solidity, a programming language for writing smart contracts. He also released the paper defining the Ethereum Virtual Machine, the runtime system for smart contracts in Ethereum, in 2014. He a ...
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TechCrunch
TechCrunch is an American global online newspaper focusing on topics regarding high tech, high-tech and Startup company, startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. In 2010, AOL acquired the company for approximately $25 million. Following the 2015 Verizon Communications#Acquisition of AOL and Yahoo, acquisition of AOL and Yahoo! by Verizon, the site was owned by Verizon Media from 2015 through 2021. In 2021, Verizon sold its media assets, including AOL, Yahoo!, and TechCrunch, to the private equity firm Apollo Global Management. Apollo integrated them into a new entity called Yahoo! Inc. (2017–present), Yahoo! Inc. In addition to its news reporting, TechCrunch is also known for its annual Disrupt conference, a technology event hosted in several cities across the United States, Europe, and China. History TechCrunch was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington a ...
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Encyclopedia Britannica
An encyclopedia is a reference work or compendium providing summaries of knowledge, either general or special, in a particular field or discipline. Encyclopedias are divided into article (publishing), articles or entries that are arranged Alphabetical order, alphabetically by article name or by thematic categories, or else are hyperlinked and searchable. Encyclopedia entries are longer and more detailed than those in most dictionary, dictionaries. Generally speaking, encyclopedia articles focus on ''factual information'' concerning the subject named in the article's title; this is unlike dictionary entries, which focus on Linguistics, linguistic information about words, such as their etymology, meaning, pronunciation, use, and grammar, grammatical forms.Béjoint, Henri (2000)''Modern Lexicography'', pp. 30–31. Oxford University Press. Encyclopedias have existed for around 2,000 years and have evolved considerably during that time as regards language (written in a major inte ...
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First Monday (journal)
''First Monday'' is a monthly peer-reviewed open access academic journal covering research on the Internet, published in the United States. Publication The journal is sponsored and hosted by the University of Illinois at Chicago. It is published on the first Monday of every month. In 2011, the journal had an acceptance rate of about 15%. The journal has no article processing charges and no advertisements. History According to the chief editor, Edward Valauskas, the journal emerged before the open access model emerged: ''First Monday'' is among the first peer-reviewed journals on the Internet. It originated in the summer of 1995 with a proposal to start a new Internet-only, peer-reviewed journal about the Internet by eventual editor-in-chief Edward J. Valauskas to Munksgaard, a Danish publisher. Munksgaard agreed to publish the journal in September 1995. The first issue appeared on 6 May 1996, the first Monday of May, also the opening of the Fifth International World Wide ...
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