The document defines and compares Web 1.0 and Web 2.0. It outlines that Web 2.0 is a culture of sharing and participation enabled by technologies like wikis, tags, and APIs that allow users to interact and collaborate online in new ways. The key features of Web 2.0 include using the web as a platform, collective intelligence through user contributions, emphasis on data sharing, and rich user experiences through technologies like Ajax. Web 2.0 also enabled new business models centered around openness, the long tail of niche markets, and web platforms as a service.