🧠 How Does Web3 Work?
Web3 uses blockchain and related technologies like:
1. Blockchain
Stores data in a transparent, secure, decentralized way.
Examples: Ethereum, Solana, Polkadot.
2. Smart Contracts
Self-executing code on the blockchain.
Removes need for intermediaries (like banks or tech platforms).
3. Cryptocurrencies & Tokens
Used for transactions (e.g., ETH, SOL) or governance (e.g., voting rights in DAOs).
Enables digital ownership and incentives.
4. Decentralized Apps (dApps)
Apps that run on blockchain, not on central servers.
Examples: Uniswap (finance), OpenSea (NFTs), Lens Protocol (social media).
5. Wallets
Your identity and bank in Web3. Example: MetaMask, Trust Wallet.
Connects you to dApps and holds your tokens/NFTs.
6. DAOs (Decentralized Autonomous Organizations)
Communities that govern Web3 projects.
No CEOs—decisions made by voting with tokens.
