All about Web3
Web3 is the next iteration of the internet. Each version of the internet has been founded on particular concepts: If web 1.0 consisted of static, read-only and, proprietary websites (eg. Geocities, LiveJournal, etc.) and web2 consisted of social media-centric, participative and dynamic websites ( eg. Facebook, Twitter, etc.), web3 is based on the concept of decentralization.
Instead of the internet being controlled by a handful of large, powerful platforms, web3 is based on the concept of a decentralized network that anyone can support and manage. Consider it a return to early Internet values; web3 is an era that eliminates gatekeepers and "news feed" silliness.
IIt is a world that can be built on blockchain.
The development of Web3 is guided by a few guiding principles, and while it's difficult to give a precise definition, we can say that it follows certain guidelines.
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Decentralized: The development of Web3 is guided by a few guiding principles, and while it's difficult to give a precise definition, we can say that it follows certain guidelines.
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Permissionless: Due to its permissionless nature, Web3 welcomes all users without discrimination.
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Native Payments: Web3 supports native payments, which means that it does not rely on the antiquated banking and payment processing infrastructure but instead uses cryptocurrency for online purchases and transfers.
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Trustless: Because it does not rely on reliable third parties, Web3 relies instead on market forces and economic incentives to function.