Hello Web 3
Wondering what Web3’s about…We have the overview! See how this innovative web iteration is poised to revolutionize and decentralize how we access and utilize the internet.
Web3 is the latest web iteration, promising to revolutionize and decentralize how we use the internet. Web3 - also referred to as Web 3.0 or “the semantic web” - is an evolution of the technologies that make up the existing web. It promises a more secure and private user experience, greater data interoperability, and entirely new applications built on decentralized technologies like blockchain.
Web3 incorporates many modern technologies to provide users with an improved online experience.
One of these tools is called distributed ledger technology (DLT), which includes blockchain-based cryptocurrencies such as Bitcoin and Ethereum. Blockchain allows for faster transactions and eliminating intermediaries, which makes it a useful technology for financial services, healthcare, energy trading, supply chain management, voting systems, gaming platforms, real estate investments, and much more.
The “Interoperability”
Web3 also uses new protocols to help facilitate what is known as “interoperability” – or allowing different types of data from various sources to interact with each other easily. With this protocol in place, developers can create applications that can interact with multiple databases without needing to manually enter data into each one. This will lead to more efficient workflows for businesses and consumers alike who need access to multiple sources of information quickly and securely.
Peer-to-Peer Networks (P2P or P2PN or PPNs)
In addition to these technological advances, Web3 also strongly focuses on providing its users with enhanced privacy features. By leveraging decentralized networks that are not reliant on any single authority (i.e., servers) and instead are powered by computers around the world, all connected by peer-to-peer networks, Web3 ensures better privacy protection than ever available through regular web browsers like Firefox or Chrome.
A Major Milestone in the History of the Internet
The development of Web3 marks a major milestone in the history of the internet – one that will bring us closer towards creating an even more open and secure space for us all to communicate online.
As its tools continue being developed further over time, we can expect even more significant innovations arriving soon – making the digital age ever more accessible for everyone!
Here are some useful guides and resources to help you get up to speed on Web3:
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Here are some useful guides and resources to help you get up to speed on Web3: 🧑💻🤖👩💻
Here are some useful guides and resources to help you get up to speed on Web3:
https://cointelegraph.com/blockchain-for-beginners/what-is-web-3-0-a-beginners-guide-to-the-decentralized-internet-of-the-future
https://consensys.net/blog/blockchain-explained/what-is-web3-here-are-some-ways-to-explain-it-to-a-friend/