What is Web3?
Web3 is the next iteration of the internet that is built on blockchain technology. It aims to create a decentralized web that is more secure, private, and user-centric. In Web3, users own their data and have control over how it is used. This is a significant departure from the current internet, where users have to rely on centralized entities to store and manage their data.
Web3 uses blockchain technology to create a decentralized network of nodes that work together to store and manage data. These nodes are spread out across the globe and are operated by individuals or organizations. Web3 brings more privacy and security to users by encrypting and distributing data across multiple nodes, making it harder for hackers to access. Users also have more control over their data and can prevent third-party entities from monetizing their data without their consent.
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