Web3 refers to the third generation of the internet, which aims to create a decentralized and open web using blockchain technology. It seeks to enable a peer-to-peer network where users can interact and transact directly with each other without the need for intermediaries or central authorities.
Do Web3 applications rely on blockchain and cryptocurrency? Blockchain and cryptocurrencies are fundamental components of Web3, but the decentralized web also incorporates other technologies such as AR, VR, and IoT, which are not directly related...
Is DeFi a Component of Web3? DeFi is a novel financial system that is rapidly gaining momentum within Web3. This system offers unprecedented value and utility that cannot be found in conventional financial systems. Web3...
