Web3
Web3 is a proposed iteration of the internet that would be built upon the blockchain, allowing for decentralized ownership and access to information online.
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Web3
Web3 is a proposed iteration of the internet with a blockchain-based decentralized architecture that enables capabilities such as built-in economic protocol and self-executable code which can be utilized to build trustless, community-owned and operated networks/systems with the goal of democratizing ownership of the internet networks.
Web3 is a proposed iteration of the internet that would be built upon the blockchain, allowing for decentralized ownership and access to information online.
Web3 is a proposed iteration of the internet that would be built upon the blockchain, allowing for decentralized ownership and access to information online. In the theoretical Web3 framework, the internet would run on a blockchain (such as Ethereum), a network of computers that collectively hosts data that is accessible to any user. By being hosted on a blockchain, Web3 would allow users to earn tokens for participating on the internet, which could be used to vote on decisions and accrue real value while eliminating user reliance on third parties and tech companies for internet access, transactions, and communication. Web3 hcryptocurrencieshas garnered significant discussion in the early 2020s, along with the rise of Non-Fungible Tokens (NFTs)—digital online collectibles that can be bought and sold with cryptocurrencies.
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