ℂ𝕙𝕪𝕟𝕖★
@realchyne
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Web3 Demystified: Your First Steps into the Next Internet Revolution.
WHAT IS WEB3
Web3 is the next generation of the internet, built on blockchain technology, decentralized networks, and token-based economics. It's a paradigm shift from the traditional web (Web2), which is centralized, controlled by a few corporations, and relies on intermediaries.
KEY CHARACTERS OF WEB3
1. Decentralized: Web3 operates on decentralized networks, such as blockchain, where data is stored across multiple nodes, rather than a single central server
2. Blockchain-based: Web3 utilizes blockchain technology to enable secure, transparent, and tamper-proof transactions
3. Token-based economics: Web3 introduces token-based economics, where tokens incentivize participation, facilitate transactions, and represent ownership
4. User control and ownership: Web3 empowers users to control their data, identity, and digital assets
5. Decentralized applications (dApps): Web3 enables the creation of decentralized applications (dApps), … 0 reply
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