The Rise of Web3: How Blockchain is Reshaping the Internet
Web3: The Future of the Internet or Just a Passing Trend? The internet has undergone massive transformations since its inception. From static web pages in Web1 to the interactive, user-generated content era of Web2, we now stand at the dawn of Web3—a decentralized, blockchain-powered internet. But what exactly is Web3, and is it the future of digital interaction or just another buzzword? Understanding Web3 Web3 refers to the next evolution of the internet, designed to empower users by leveraging blockchain technology, decentralized finance (DeFi), and token-based economies. Unlike Web2, which is dominated by centralized platforms like Google, Facebook, and Amazon, Web3 aims to redistribute control and ownership to individuals through decentralized applications (dApps). Key Features of Web3: Decentralization – No single entity controls Web3 applications; instead, they operate on blockchain networks like Ethereum, Solana, and Polkadot. User Ownership – Digital assets, identities,...