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Web3

Web3, also known as Web 3.0, is the next evolution of the internet, characterized by decentralized technologies such as blockchain, cryptocurrencies, and decentralized applications (dApps). Web3 aims to create a more open and user-controlled internet, where individuals can interact directly with digital platforms without intermediaries, and data ownership is returned to users. This decentralized web envisions a shift from centralized control by tech giants to distributed networks powered by blockchain technology.

Example

A decentralized social media platform built on blockchain allows users to control their data, interact without intermediaries, and earn cryptocurrency tokens for their participation, embodying the principles of Web3.

Key points

• The next generation of the internet focused on decentralization and user control.

• Powered by blockchain technology, cryptocurrencies, and decentralized applications (dApps).

• Aims to reduce reliance on intermediaries and give users greater control over their data.

Quick Answers to Curious Questions

Web3 is based on decentralization, user ownership of data, and direct interactions without intermediaries, often enabled by blockchain technology.

While Web2 is dominated by centralized platforms that control user data, Web3 envisions a decentralized internet where users retain control over their data and digital assets.

Blockchain technology provides the foundation for decentralization, enabling secure, transparent, and direct transactions and interactions without intermediaries.