As an example, Web3 communities enable the creation of Decentralized Autonomous Organizations (DAOs) where members can coordinate resources together and make decisions in a democratic manner. They make it possible for users to interact with each other in a secure environment without centralized entities or third parties. Web3 communities use decentralized technology such as blockchain, smart contracts, and distributed ledgers to enable peer-to-peer interactions and value exchange. The number of tokens in a wallet, the conditions of a self-executing contract, or the source code for a decentralized program can all be stored on a blockchain. Simply put, Web3 is a cryptocurrency extension that uses blockchain in novel ways to achieve novel goals. Therefore making, Web3 stand for read, write and own. Web3 carries within itself the idea of the decentralized database, where you own the information you entered. This era is hoped to eliminate the issues of privacy concerns, censorship, and centralization. This allowed companies who had unlimited access to users’ data to turn to sell targeted ads while the customers became the product.Īs time passed, people began to wonder whether there was a better way for the events to unfold in the future, which led us to Web 3.0. The appearance of social media platforms became a distinguished feature of this era. It slowly became more and more interactive and user-oriented. Then came the era of Web 2.0, the internet we all know today. Web1 is defined by the utilization of HTML and URL, which made it possible for people to navigate through static pages. At the very beginning, there was Web 1.0. Think of Web3 as a new internet era, just like the eras our Earth goes through.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |