Web3 explained in simple terms

Web3 explained in simple terms

Web3 refers to the third generation of the World Wide Web, which is focused on the use of decentralized technologies such as blockchain and peer-to-peer networks.

The main idea behind Web3 is to create a more open, decentralized, and secure internet, where users are in control of their own data and digital assets.

This is in contrast to the current state of the web, which is largely centralized and controlled by a few large companies.

Web3 technologies are designed to give users more control over their online experiences, and to enable the creation of decentralized applications and services that are not subject to the same limitations and vulnerabilities as traditional centralized systems.

Some examples of Web3 technologies include blockchain, peer-to-peer networks, and decentralized storage and computation.


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