What is Web3? How will it influence the future of the internet?
#FrontierTechnology #Web3
Web3 refers to the potential future iteration of the World Wide Web, aiming to redefine the way we interact with digital information and services. It represents a vision of a more decentralized, user-centric, and blockchain-powered internet, in contrast to the current, predominantly centralized and corporate-driven Web2. However, it also raises some concerns pertaining to governance, security, and privacy.
Key concepts and features of Web3 include:
Decentralization: Web3 seeks to reduce the dominance of centralized entities in controlling and profiting from online services. It promotes peer-to-peer (P2P) networks and decentralized applications (DApps) that rely on blockchain technology to facilitate trust and collaboration without middlemen.