Web3 (3.0)
Definition
Web3 is an internet ecosystem with decentralized applications and smart contracts, where users retain control of their data.
Web3 refers to an ecosystem of web-based applications (DApps) and smart contracts. This concept has evolved through the use of decentralized systems and blockchain technology. The main purpose of Web3 is to provide an internet experience independent of central authorities by allowing users to control their data. While in the traditional web, users often entrust their personal data and digital assets to third-party platforms, in Web3 this data is under the control of the users. This increases users security and privacy while allowing the elimination of central intermediaries in financial transactions. One of Web3 s goals is to make the internet experience more transparent and secure.
This entry is part of the JrKripto crypto glossary. We explain key terms and concepts to help investors and traders understand the cryptocurrency market. Clear definitions support better decision-making and risk management.
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The JrKripto crypto glossary explains important terms and concepts so investors can understand the market better. Clear definitions support decision-making and risk management. Each entry has a short definition and, where useful, an extended explanation for quick reference or deeper reading.
The glossary covers a wide range of topics from trading and DeFi terms to blockchain infrastructure and market indicators. You can find terms via search or the term list. Use the related terms section to discover related concepts.
