- Glossary
- Web3 (3.0)
Web3 (3.0)
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.