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The history of Web3 traces back to the early 2000s, when the dominance of tech giants over the internet sparked the desire for a more decentralized, user-controlled web.
The breakthrough came in 2009 with the creation of Bitcoin, using blockchain technology to enable peer-to-peer transactions without intermediaries. This laid the foundation for Web3, but it wasn’t until Ethereum’s launch in 2015 that the concept truly expanded, introducing smart contracts and decentralized applications (dApps).
These innovations led to the rise of decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized governance (DAOs), all central to Web3’s promise of a more transparent and user-centric internet. Despite challenges like scalability and regulation, Web3 continues to evolve, offering a vision of an internet where individuals regain control over their data and digital interactions. 0 reply
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