Web3
Web3, or the decentralized web, represents the next evolution of the internet built on blockchain technology. It enables trustless, peer-to-peer interactions without reliance on centralized intermediaries. Web3 empowers users with ownership of their data through cryptographic ownership and tokenized incentives.
Key Features
- ✦ Decentralized identity management
- ✦ Smart contract automation
- ✦ Token-based ownership
- ✦ Trustless peer-to-peer networks
Implications
- ✦ Monetization of digital assets
- ✦ Borderless economic systems
- ✦ Permissionless innovation
- ✦ Interoperable decentralized apps (dApps)