New to web3
If you’ve spent any time on the internet lately, you’ve likely heard the buzzwords: Crypto, NFTs, DAOs, the Metaverse, and the overarching term that ties them all together—Web3.
But strip away the hype and the jargon, and what actually is it? Is it just a rebranding of crypto, or is it truly the next evolutionary step of the internet?
To understand where we are going, we first have to look at where we’ve beenWeb3 attempts to solve the centralization problem. Built on blockchain technology, it introduces the concept of ownership.
In Web3, you can read data, write content, and actually own a piece of the network you are using via tokens. Instead of trusting a tech giant with your data, you trust the code (Smart Contracts) and the community.
Web3 isn't one single website; it's an ecosystem built on several key technologies:The underlying ledger. It is a decentralized database shared across a network of computers. Once data is recorded on a blockchain, it is incredibly difficult to change or hack. This creates a "trustless" environment where you don't need a middleman (like a bank) to verify a transaction
