What is Web3?

Web3 is the next generation of the internet, designed to address the limitations of current centralized systems and provide greater transparency, security, and user control. Unlike traditional web technologies, Web3 operates on decentralized protocols powered by blockchain technology, enabling peer-to-peer interactions without the need for intermediaries. At its core, Web3 introduces a new paradigm for digital ownership and identity. In the current Web2 model, platforms like social media networks and e-commerce sites store user data on centralized servers. This creates significant vulnerabilities, including data breaches and privacy concerns. Web3, however, shifts the power dynamic, allowing users to maintain ownership of their data through cryptographic wallets and decentralized identities. For software developers, Web3 is a game-changer. Building decentralized applications (dApps) requires expertise in blockchain platforms, such as Ethereum or Solana, and the ability to write sma...