Understanding Web3: The Future of the Internet
Web3 represents a new paradigm for the internet, emphasizing decentralization and user empowerment. Web3 leverages blockchain technology to give users ownership over their data and digital identities.
Key Features of Web3:
- **Decentralization**: No single point of control; power is distributed across users.
- **Ownership**: Users own their data and digital assets, thanks to blockchain.
- **Interoperability**: Different platforms and services can work together seamlessly.
- **Smart Contracts**: Automated agreements that execute without intermediaries.
