What is Web3 and how is it different from Web2? | Headlines | News | CoinMarketCap
09/21/2023 19:50
Web 3.0, or simply Web3, represents the next generation of the internet, which is grounded on public blockchains. Unlike conventional internet …
Published on September 21, 2023 12:43 GMT+00:00edited on September 21, 2023 12:44 GMT+00:00
Web 3.0, or simply Web3, represents the next generation of the internet, which is grounded on public blockchains. Unlike conventional internet services mediated by giant corporations such as Google, Facebook, or Apple, Web3 is decentralized, allowing individuals to own and govern parts of the internet.
Blockchain technology is the primary driving force behind Web3. This technology, which is a type of decentralized digital ledger, allows transactions to be recorded and verified across a network of computers rather than by a single entity. This decentralization is what enables Web3 to operate without the need for intermediaries or central authorities, a significant departure from the Web2 model.
In Web3, individuals can own and control sections of the internet, and transactions …