What is WEB-3?

Web 3 is a new generation of the Internet that allows people to buy and sell digital assets and make them decentralized.

The first version web-1

is a set of non-interactive pages built using HTML and CSS.

The second version web-2

is a set of interactive pages built using HTML, CSS, JS

and other libraries, but owned by companies that possess personal data.

The third version web-3

introduces JS libraries like web.js and eth.js, allowing for the decentralized exchange, sale, and purchase of financial assets.

What are the technologies used in WEB-3?

1 Blockchain is a digital ledger that contains all transactions of buying, selling, exchanging, and burning. (Similar to a database on servers).

2 Smart contracts are programs or scripts that automate processes instead of sending currencies to one another through addresses; they are linked to a decentralized wallet,

withdrawing the currencies in the wallet and sending them to the person who created the smart contract.

3 NFTs are non-fungible tokens.

There are many more technologies that we will explain in future sessions in more depth.

Features of Web 3:

One of its most important features is decentralization.

The user is responsible for their currencies or funds, not a government or a specific organization.

Write what you like most about Web 3

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