What is Web3?
What is Web3? In Simple Terms Web3 is like the next big upgrade for the internet. Right now, the internet (Web 2.0) is controlled by big companies like Google, Facebook, and Amazon. They keep your data, run most of the apps, and decide how things work. Web3 wants to change this. Imagine an internet where you are in control of your data, your money, and even the websites you use. It’s powered by something called blockchain , which is like a super-secure digital notebook that everyone can see but no one can cheat. Web3 uses three main ideas: Blockchain Definition : Distributed ledger technology Key Features : Decentralization, transparency, immutability Cryptocurrencies Definition : Digital or virtual currencies Examples : Bitcoin, Ethereum Key Features : Decentralization, cryptography Smart Contracts Definition : Self-executing contracts with coded terms Key Features : Automation, trustless transactions Decentralized Applications (dApps) Definition : Apps running on a b...