What Is Web3? A Decentralized Internet Via Blockchain Technology - Decrypt


27 Jun 2023 7:36 PM

Web3 embraces the crypto ethos and is designed to be permissionless (no centralized gatekeepers), trustless (no need to place trust in a third party), and open to all (little-to-no censorship of individuals/ideas)....

  • Web3 is the next evolution of the internet, incorporating decentralization via blockchain technology.
  • Web1 (early internet) was static and non-interactive, while Web2 (current internet) is interactive and allows users to create and interact with content.
  • Web3 is designed to be more transparent and censorship-resistant, putting users in control of their own data.
  • Web3 is permissionless, trustless, and open to all.

The article has a positive sentiment towards Web3, highlighting its potential to revolutionize the internet and improve data privacy.

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What is Web3 and how does it differ from Web1 and Web2?What is the main benefit of Web3 in terms of data privacy?How does Web3 incorporate blockchain technology?What are the key characteristics of Web3?What are some potential use cases for Web3 in the future?

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