WEB 3 FUNDAMENTALS!
You’ve likely heard the buzz around Web3, the so-called future of the internet. But what exactly is Web3? In this beginner-friendly guide, I’ll unravel the concept of Web3 in simple terms, explore how it differs from Web1 and Web2, and understand the key reason behind its emergence.
At the heart of Web3 is the quest for a more equitable and decentralised internet. In the current Web2 model, users are considered vulnerable. They provide valuable data, but often have limited control over it, while tech giants profit. They create art and music that they’re forced to hand over ownership of to avoid piracy, so they don’t receive value and it’s vulnerable to censorship.
Web3 aims to empower users by decentralising data ownership and control using blockchain technology This not only enhances user privacy but also enables peer-to-peer interactions.
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