What is Web3? Here’s a detailed explanation
What is Web3? Here’s a detailed explanation Web3 is being touted as the future of the internet. Infact, it is the new iteration of the World Wide Web, incorporating concepts like blockchain technologies, decentralization, blockchain technologies, and token-based economics. By Jasmine Anand : The World Wide Web has created a strong and robust infrastructure on which it thrives. However, a handful of centralized entities have a stronghold on the vast ocean of the World Wide Web, and unilaterally decide what should and should not be allowed. The answer to this problem is Web3, which embraces decentralization and is being built, operated, and owned by its users. In order to understand Web3, let us first understand what Web1 and Web2 are all about. Web1: Read Only Initially, there was Web1, the internet we all know and love, i.e., the physical infrastructure of wires and servers that lets computers, and the people in front of them, talk to each other. In short, it was the read-only we...
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