reply guys

How would you explain Web3 to your grandma?

Best reply gets a big Degen candy 🎩 🍭

If my psychiatrist was cheaper, I wouldn't have to resort to Farcaster.

Grandma, imagine a world where you can do all your banking without ever stepping into a bank or dealing with a traditional financial institution. This allows you to-

lend your money to others and earn interest, or borrow money without needing a bank as an intermediary.

trade digital assets directly with others.

…

Crypto Enthusiast| Amateur football pundit⚽️| New here, so got no choice but to follow back😅
/medicine⚕️

you can earn tokens(which have monetary values) by participating in the network

It works by smart Contracts: Which basically automatically execute transactions when certain conditions are met.

Example:
Uniswap: This is a popular platform where you can trade crypto directly with other. It uses smart contracts to process trades and ensures transparency.

In essence, Web 3.0 empowers its users by giving them more control and ownership over their financial activities, without relying on traditional banks