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What is Web3?

Web3 represents the third generation of the internet. Unlike Web2 (the current centralized model controlled by corporations), Web3 is decentralized, leveraging blockchain technology to empower users with ownership and transparency.


Key Features of Web3

1. Decentralization: Control and data are distributed across a network of computers instead of being stored on centralized servers.


2. Ownership: Users own their digital assets (e.g., NFTs) and identities via private keys.


3. Transparency: Blockchain ensures all transactions and processes are open and verifiable.


4. Smart Contracts: Self-executing contracts automate agreements without intermediaries.


And there is more to learn here.