Web3 banks are a new type of financial institution built on blockchain technology and the principles of decentralization. Their emergence marks a revolution in the financial sector. Compared to traditional banks, Web3 banks eliminate central management institutions, with all operations and transactions managed by smart contracts and decentralized networks. This not only greatly increases transparency and security, but also reduces transaction costs and barriers to cross-border payments.

Web3 banks provide users with more autonomous and free financial services, allowing users to directly manage their funds through decentralized applications (dApps) without relying on traditional bank accounts or financial intermediaries. At the same time, Web3 banks also provide greater space for financial innovation, with services such as digital currencies, stablecoins, decentralized lending, and deposits all available on the Web3 bank platform. With the continuous development of Web3 technology, future banks may become more intelligent, transparent, and possess stronger user control.