#Web3 is the new generation of the Internet that relies on blockchain and decentralization technologies
Unlike the traditional Internet #Web2, where large companies control data and services, WEB3 relies on distributing power between users and different parties through
➔ Smart contracts
➔ #digital_currencies
➤Self-identity:
➔In WEB3, you can use a single digital wallet to manage all your accounts
➔Your identity across different platforms and applications without having to rely on a third party
➤Smart contracts:
➔They work automatically when conditions are met
➔These contracts are the basis for operating decentralized applications (dApps) on WEB3
➲ How does WEB3 work?
➤ Decentralization:
➔ All applications and websites on WEB3 rely on blockchain, making them decentralized.
➔ Data is distributed across many devices around the world, and no one party can control the network alone.
Features of WEB3:
➤ Data Control: Security:
➔ Blockchain technology makes it difficult to hack networks or tamper with data, providing a high level of security.
➤ Profitability:
➔ Users in#Web3can earn rewards by participating in the network, whether by mining #cryptocurrencies
➔ Providing decentralized services.
➔ Thanks to decentralization, users have complete control over their personal data
➔No company can collect or sell your data.