Web3 represents the third iteration of the web, shifting from the centralised mannequin of Web2, the place management is held by single entities, to a decentralised framework. This transition emphasises person possession and minimizes reliance on belief, making a extra clear on-line expertise.
Examples of Web3 Functions:
Conventional finance like lending borrowing will now be Decentralised financeTraditional Social media the place knowledge is managed by single entities will now be Decentralised Social media.Conventional Storage the place knowledge is saved on server managed entity can now be Decentralised storage.
Examples will be many some are nonetheless in growth whereas some are actual world comparable to Defi platforms.
So, on this weblog, we’ll attempt to perceive,
The core of Web3 which is blockchain, and breaking the time period to know it higher.
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