Web3

What is Web3?

Web3 refers to the decentralized internet, built on blockchain technology and characterized by user ownership of data and digital assets. It contrasts with Web2, where centralized platforms control user data, and Web1, the static read-only web. Examples of Web3 technologies include cryptocurrencies like Bitcoin and Ethereum, decentralized applications (dApps) built on blockchains, and the metaverse. Web3 aims to create a more transparent, secure, and user-controlled online experience. However, it’s also associated with challenges such as scalability, regulation, and security vulnerabilities.

Q&A

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