Decentralized Internet: The Dawn of Web 3.0

Decentralized Internet, often referred to as Web 3.0, represents a transformative shift in how we interact with the online world by leveraging blockchain technology and decentralized protocols. Unlike the traditional Web 2.0, which is dominated by centralized platforms and corporations, Web 3.0 aims to empower users by providing greater control over their data, enhancing privacy, and fostering peer-to-peer interactions. This new paradigm envisions a more open and inclusive internet where individuals can participate in decision-making processes, own their digital assets, and collaborate freely without intermediaries. As decentralized applications (dApps) and smart contracts gain traction, the future of the web promises to be more user-centric, secure, and resilient.

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What Is Web3? A Decentralized Internet Via Blockchain Technology - Decrypt

Web3 embraces the crypto ethos and is designed to be permissionless (no centralized gatekeepers), trustless (no need to place trust in a third party), and open to all (little-to-no censorship of individuals/ideas).