WHAT IS WEB3 TECHNOLOGY?
WEB3 TECHNOLOGY REPRESENTS THE NEXT STAGE OF THE INTERNET, CENTERED ON DECENTRALIZED NETWORKS, BLOCKCHAIN PROTOCOLS, AND USER-OWNED DATA. UNLIKE TRADITIONAL WEB MODELS, WEB3 GIVES INDIVIDUALS GREATER CONTROL OVER THEIR ONLINE IDENTITIES, ASSETS, AND TRANSACTIONS—WITHOUT DEPENDING ON CENTRALIZED AUTHORITIES.
DECENTRALIZED NETWORKS
INSTEAD OF DATA BEING STORED BY ONE CENTRAL ENTITY, INFORMATION FLOWS ACROSS MULTIPLE NODES, INCREASING SECURITY AND RESILIENCE.
USER DATA OWNERSHIP
INDIVIDUALS RETAIN FULL OWNERSHIP OF THEIR DIGITAL IDENTITIES AND ASSETS, REDUCING RELIANCE ON MIDDLEMEN.
TRUSTLESS INTERACTIONS
SMART CONTRACTS AUTOMATE AGREEMENTS AND EXCHANGES, ENSURING HONEST, TRANSPARENT COLLABORATION WITHOUT NEEDING A CENTRAL AUTHORITY.
Leave a comment