The basics of #Web3 explained simply

You often hear about #Web3 but you don’t really understand what it is. You are not alone. In this article, I clearly and simply explain what Web3 is, why it is important, and how it could transform the Internet in the coming years.

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🌐 Web1 Web2 Web3 what’s the difference

#Web1 1990 2005 Internet at its beginnings. You could read pages but not interact. It was a static web.

#Web2 2005 to today The era of social networks. You can read, write, comment, share. But the data belongs to large companies.

#Web3 A new version of the internet where you can read, write, and own. Thanks to #blockchain, users can keep control of their data and their money.

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💡 The 3 pillars of Web3

1 Decentralization

No central server. Applications are hosted on decentralized networks.

2 Tokenization

Users can earn and exchange #tokens. You are rewarded for your contribution.

3 Digital identity

You no longer need to create an account everywhere. Your crypto #wallet becomes your digital identity card.

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🧾 Examples of Web3 applications

#Uniswap to exchange cryptos without a bank

#OpenSea to buy and sell #NFTs

#LensProtocol a Web3 social network

#PlayToEarn games where you earn crypto by playing

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🚀 Why it is important for you

You can earn #cryptos by using certain apps.

You have control over your data.

You participate in a new, fairer, and more open system.

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📍 In conclusion

Web3 is still young but already offers incredible opportunities. You don’t need to be an expert to be interested. A good start: Create a wallet, explore a decentralized app, and discover this new universe at your own pace.

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💬 Did you like this article? Like, share, and ask your questions in the comments.

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#Web3 #Crypto #Blockchain #NFT #Wallet #CryptoForEveryone #CryptoBeginner #DeFi #CryptoEducation #BinanceSquare