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What is Web3?
Web3, or Web 3.0, is the next evolution of the internet, powered by blockchain, AI, and decentralization. Unlike Web2, where platforms like Google and Facebook control user data, Web3 gives users more ownership and control.
Key Features:
Blockchain: Data is stored across decentralized networks, not centralized servers.
Decentralization: Apps run on distributed systems, not owned by a single entity.
Ownership: Users own digital assets like crypto, NFTs, and SBTs.
Permissionless: Anyone can interact or trade without third-party approval.
Smart Contracts: Self-executing code that automates agreements.
Use Cases:
Cryptocurrencies like Bitcoin and Ethereum
DeFi: Decentralized finance platforms for lending, trading, and more.
Goal: A smarter, open, and user-empowered internet where privacy, security, and access are enhanced. 0 reply
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