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What is Web 2.0

What is Web 2.0 and what are it's properties? can anyone tell me in descriptive manner ?
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Now Web 2.0 is really starting to mean a combination of the technology allowing the customers to actually interact with the information. Web 2.0 is the situation where amateur writers and developers are able to create applications and Web sites that get more credibility than traditional news sources and software vendors. This combination of powerful JavaScript tools like AJAX enabling nearly anyone to contribute to and interact with the data that we are all working with is really what Web 2.0 is.
Web 2.0 was previously used as a synonym for Semantic Web, but while the two are similar, they do not share precisely the same meaning.
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These are the following step to create web 2.0:
STEP 1: PREPARE TO WORK.
STEP 2: CREATE AN EMAIL ADDRESS
STEP 3: SIGN-UP FOR 10 WEB 2.0S
STEP 4: URL CREATION
STEP 5: WAYS TO CREATE CONTENT
1. Write it yourself (BEST)
2. Advanced Spinning (Most Effective)
3. Scraping Content (Not Recommended)
STEP 6: CONTENT GUIDELINES
STEP 7: SETTING UP THE POST
STEP 8: FILLER CONTENT
STEP 9: SCHEDULE (IF POSSIBLE) OR PUBLISH YOUR POST