FASCINATING
This intelligence is admirable....
I recommend you to read every line with appetite.
If there is success in the Web3 world and the system works well, it is thanks to the secret hero behind it. The system works, we click and do what we want, but what we are not aware of is this: How does it work?
Web3 is a general term for technologies such as blockchain that decentralize data ownership and control on the Internet. Most Internet applications are controlled by centralized entities that determine how end-user data is stored and used. Web3 (also called Web 3.0, the decentralized web, or the semantic web) technologies allow for community-driven projects in place of centralized governance structures. In these projects, end-users control data, set pricing, contribute directly to technical development, and have a greater say in project management. These technologies include mechanisms that automatically regulate how users interact with each other, so there is no need for a central entity to manage these interactions.