Overview
Web3 refers to the next generation of the internet built on decentralized technologies such as blockchain. Unlike Web2, which relies on centralized servers and platforms, Web3 enables peer-to-peer interactions, user-owned data, and trustless transactions.
Core Principles
- Decentralization: No single entity controls platforms or data
- Ownership: Users own their data and digital assets
- Transparency: Publicly verifiable smart contracts and transactions
- Permissionless Access: Open participation without intermediaries
Use Cases
- Decentralized finance (DeFi)
- NFTs and digital collectibles
- DAOs (Decentralized Autonomous Organizations)
- Decentralized identity and reputation systems
- Tokenized communities and incentives
Related Context
