WEB3

Web 3.0 may turn out to be the biggest technological shift we would ever experience in our lifetime. So let’s talk about it. To understand what Web 3 is, we first have to understand the previous versions of the Internet. As we go through them we’ll think of the web as the internet throughout the period of time.

Web 1.0

Web 2.0

Web 3.0

Benefits of web3

- Trustless: In web3, you can use decentralized applications without needing to trust anyone or an organization. Trust isn’t needed because of the consensus protocols that exist in the blockchain, which are all hardcoded and cannot be altered.

- Verifiable: web3 is verifiable yet anonymous. Blockchain is public and distributed to nodes. It is verifiable which means that anyone can check all the transactions but anonymous in the sense no one can really know who performed these transactions.

Limitations

You can read more about decentralization and web3 from the links below.
[Decentralization](https://medium.com/@VitalikButerin/the-meaning-of-decentralization-a0c92b76a274) and [web 3.0](https://ethereum.org/en/developers/docs/web2-vs-web3/).

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