Definition of Web3

Web3 is a concept that envisions the next generation of the World Wide Web, emphasizing decentralized technologies, blockchain, and cryptographic principles.

Explanation of Web3

Web3 aims to create a more transparent, secure, and user-centric internet, with a focus on empowering users and removing intermediaries through decentralized protocols.

Example of Web3

Implementing blockchain-based smart contracts to enable trustless and automated transactions within a decentralized application (DApp) is an example of a Web3 concept.

Strategies of Web3

Engage in decentralized platforms, explore blockchain technologies, and understand the principles of decentralization for potential applications in various industries.

Related terms

• Blockchain
• Cryptocurrency
• Decentralized applications (DApps)