The world has changed so much from the 19th century to the 21st century, hardly before. A brief look at the journey of the technology revolution is that the earliest date for a typewriter is 1575 in Italy, while in 1714 the first patent for a typewriter was obtained in Britain.
However, the first official typewriter of typewriter was introduced in the United States in 1829 under the name “Typographer”. The world’s the first simple phone was designed in 1849 by the Italian inventor Antonio Meucci.
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Then in 1854, the physicist Charles Bourseul invented the phone. Alexander Graham Bell, a British scientist, and inventor, officially acquired the first telephone paint in the United States in 1876. On April 3, 1973, Motorola researcher Martin Ko Par introduced the world’s first 2kg mobile phone.
Exactly 10 years after this invention, the Internet was born on January 1, 1983. Exactly 10 years after the birth of the Internet, in 1993, the world’s first web browser, the World Wide Web (W.W.W) was introduced. Form SixDegrees.com was launched, and today is February 4, 2004, the date of birth of the world’s largest social media or workbook Facebook.
The world is now watching Digital Currency and Web 3 (3.0 Web). However, the total volume of investment in digital currency by the year 2021 is 20 20 billion. This Is much higher than the Federal Reserve.
In February 2022, Pakistan’s foreign exchange reserves were 4.9. Statistics on cryptocurrency Pakistan Chamber of Commerce and Industry (FPCC) were published in a recent report in which the FPCCI demanded from the Government of Pakistan.
At present, there are more than 5,000 currencies in the world. According to conservative estimates, 4.1% of the total population of Pakistan now owns 9 million people. In December 2020, the Khyber Pakhtunkhwa Assembly A resolution was passed for non-compliance and an advisory committee was formed. The final decision on the resolution will be taken by the federal government.
However, the government of Pakistan is currently lagging behind in terms of web 3 and digital currency. Economist Uzair Younis asked him for his opinion on Deb 3 and Fintech companies. Uzair Younis added that his and his colleagues’ research shows that in the next few years, the volume of the Web3 economy in Pakistan alone has reached 100 billion in terms of talent exports.
However, for Muftah Ismail, this proved to be a bit unheard of, and he “innocently said that he did not know anything about Web Three yet.” Muftah Ismail said that he is aware that technology and art tech companies have gained a lot of attention in Pakistan and he would like to see further development.
According to the finance minister, in his view, the government should stay away from these companies for the time being. It would be good for such companies. Muftah Ismail was criticized for not knowing about Web3 while he was the country’s finance minister.
However, when 4.1% of the total population of Pakistan owns taxable currency, it means that 95.9% of Pakistani people are away from tax evasion and things like Web3.
Just as we talked about typewriters, phones, cell phones, the Internet, web browsers, and social media at the beginning of this article, so too in the age of the Internet, 2G, 3G, 4G, and 5G. And now it has progressed to Six B. In other words, smartphone technology has entered the fifth and sixth generation and it is expected that there will be more innovations in the future.
Similarly, in different eras of the Internet, WP3 or Web 0.3 is the third phase of Internet development which has not yet fully come into existence but has been working on it for the last several years. To understand Web 3, let’s first look at Web 1 and Web 2.
Web 1 was the age of the Internet where the transmission of information was one-way and the common man could only read it. The development of Web2 technology was the time when social media or platforms like Facebook came into being and the transmission of information or communication became two-way.
Is also involved because its location here determines the cost of its product, services, or information. In the 2.0 era of the Internet, platforms like Facebook, YouTube, Alcala Gram, and Amazon have become the giant temples of this age of making money and the technology revolution industry.
Decentralization is the basis of UP3, which means users will have more control over their data. It is unknown at this time what he will do after leaving the post. There was a lot of discussion on this. Ethereum is the second most used blockchain protocol in the world. This technology is the basis of Web 3.0.
At present, there is a tremendous increase in investment in Web3. Softbank is generating funding for the Gene Fund II and Microsoft Web 3 projects. The Metaverse Concept is also considered an important component of the Web III era where people will be able to meet and buy a property with the same hazard as in ordinary life which will be their property in the form of fungal tokens which may increase in value. Yes, and it can be reduced.
Facebook says it is increasing its investment in Web3 to 1 billion. Web 3.0 will enable machines to “self-interpret” big data. This will enable us, among other things, to engage in in-depth conversations with other users from any platform. There will be no need because the merchants will be in the cloud and everything will be very fast and flexible.
In general terms, it can be said that the machine on WP 0.3 will cooperate with a man more effectively. It is worth mentioning here that blockchain technology revolution is an important part of the structure of WP 3.0, which allows us to create blockchain and create a data chain and which we basically know from tax currencies.
Web 0. 1 (Web 1) was based on hyperlinks and as Web 2.0 (Web 2) does on social networks, Web 3.0 will be based on blockchain technology. In the world of Web 3, information is stored in virtual digital wallets instead of datacenters.
Anyone can connect these digital wallets with Web3 apps and the Midnaps run on blockchain technology. When a user wants to disconnect from an application, they just sign off and thus their data will also be disconnected from these actions.
Web3 developers also do not invest heavily in creating applications, making the technology more autonomous. The cryptocurrency is also passing through the same field and has now become a bit more centralized and user-friendly. The cryptocurrency provides the spirit for web three applications.
In the future, this is exactly what the creators will use to buy things and gaming features. Initially, buying cryptocurrency was not easy and coding was required to make the user a patroller. Some people have been able to do this and some have sent money to the wrong places or lost access to their wallets or have been affected by scams.
However, over time, developers have introduced maze-friendly applications for buying and selling cryptocurrencies, including Coin and Bianca. Experts say that in the world of WP 3.0, every copy of the book will be compressed into a secret algorithm that cannot be manipulated.
This is a pair-to-peer (P2P) technology that allows multiple users to exchange resource-based peer-to-peer resources, which is not possible with existing Web 2.0 or patch TTP protocols. Experts use blockchain, decentralized system, or interest three point zero correction for this type of transaction and consider this economy as the future of man.
The biggest opportunity in the Web3 system is for the technical talent that is still part of the global developer community and could grow. Pakistani developers working in it are being paid according to the global market and not domestic.
However, since there is no regulatory policy from SBP Pakistan, even those who earn this money legally use other means to obtain it. At the time of arrival of interest, we did not know that one day The entire banking system will be on interest and shopping will also be done online, similarly, Web3 will take care of the future, nothing can be said definitively in this regard.
It is better that the government of Pakistan does not to ignore the taxable currency and web three and formulate a policy in this regard so that opportunities to improve the country’s economy in the future can be found in time.