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🌐 What is Web3? | The Future of the Internet Explained 🚀
Web3 is revolutionizing the internet as we know it – but what exactly is it, and how does it differ from the web we use today? In this video, we break down the basics of Web3 in simple terms, perfect for beginners.
🔍 What You’ll Learn:
• What is Web3 and how it differs from Web2
• Key features of Web3: Decentralization, Privacy, and Security
• The role of blockchain technology in shaping Web3
• Applications of Web3 beyond just cryptocurrency
• Potential benefits and risks of Web3 adoption
From NFTs and DAOs to decentralized finance (DeFi), Web3 promises to reshape the internet by giving users more control, ownership, and opportunities. But is this the utopian vision we’ve been waiting for, or are there hidden pitfalls?
💡 If you’re curious about:
• What is Web3 in cryptocurrency
• How to use Web3 wallets via centralised exchanges (Binance, Bybit, etc.)
• Web3 development and gaming
• Job opportunities in Web3
…then this video is for you!
🔗 Timestamps:
0:00 – Introduction to Web3
1:25 – Web2 vs. Web3 Explained
3:10 – How Blockchain Powers Web3
4:45 – Web3 Applications & Real-World Use Cases
6:20 – Risks and Challenges of Web3
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Let’s get connected:
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🎯 #Web3Explained #BlockchainTechnology #Cryptocurrency #Web3Development #NFTs #DeFi #FutureOfTheInternet #InvestorTheo
date : 2024-12-24 18:45:00
views : 86
likes : 7
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Here is a summary of the transcript in 300 words for an average intelligent interested reader:
Web 3.0, also known as the “ownership era” of the internet, is a significant shift from the traditional Web 2.0, where platforms like Facebook and Google own our data and content. Web 3.0 is built on blockchain technology, allowing for decentralization, ownership, and privacy.
The three core concepts that make Web 3.0 revolutionary are:
1. Decentralization: Web 3.0 apps run on a blockchain network, using thousands of nodes globally, rather than centralized servers owned by companies like Amazon and Microsoft.
2. Ownership: With Web 3.0, you can own digital items, such as NFTs (non-fungible tokens). This applies to various areas, including art, music, and virtual land.
3. Privacy: Web 3.0 allows for anonymous login using crypto wallets, and users control what data they share.
Decentralized finance (DeFi) is another important aspect of Web 3.0, where borrowing and lending occur without banks. Already, protocols like Compound are offering lending services.
The speaker, an investor and host of the podcast, explains that Web 3.0 is not just an upgrade but a complete shift in power, where the power has shifted from companies to individual users. The speaker invites viewers to join the conversation on Telegram and discuss the exciting potential of Web 3.0.
