Web3 refers to the third generation of the Internet, also known as the "distributed Internet" or "decentralized Internet". Compared with the traditional Web2, Web3 pays more attention to the user's control over their own data and privacy protection. The core of Web3 is the decentralized application (DApp) based on blockchain technology and cryptocurrency.
Features of Web3 include:
Decentralization: Web3 applications do not rely on centralized servers, but instead use blockchain technology to share and manage data and functions. Users can directly participate in the decision-making and maintenance of the network, rather than just being passive users on the traditional Internet.
Permissionless and transparent: The code and running status of Web3 applications are public and can be viewed and verified by anyone. This transparency helps eliminate distrust and enhance user confidence and participation.
Data ownership: Web3 gives users full control over their own data. Users can choose to store their data on the blockchain to ensure the security and privacy of the data, and can authorize other people or applications to access their data.
Smart Contract: One of the core technologies of Web3 is smart contract, which is a computer program that can automatically execute the conditions of the contract. The code and execution results of the smart contract are recorded on the blockchain, ensuring the transparency and verifiability of the contract.
Cryptocurrency: Web3 applications often use cryptocurrency as a means of exchange and incentives. The use of cryptocurrency can ensure the security of data and funds and reduce the intermediary costs and delays brought by the traditional financial system.
Web3 is changing the way people interact with and participate in the Internet. It provides users with more control and privacy protection, while also promoting the establishment of a more fair and trusted network ecosystem.
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This article is for information sharing only and does not constitute any investment advice!
