Is Web3 the future?

The future of the internet seeks more transparency and decentralization, which is why it will be defined by technologies such as Web3, the third version of the World Wide Web.

What is Web3?

The most critical aspect of Web3 is that it stores all the data on a blockchain, which is a decentralized database.

No single organization can maintain control of this database on its own and it is pretty transparent. As a result, individuals can look at the data they find on the blockchain and use it for AI, robotics, finance, and supply chain management applications.

Why is Web3 the new thing? 

The distributed and decentralized nature of the Web3 network will make it difficult for institutions to control certain information and points.

However, you should also consider the positive results of Web3 that there is the possibility of sharing information, helping, and doing business in ways that were previously not possible.

Web3 as a new path to the original

A few years ago, you might have thought that the Internet provided access to information at your fingertips. However, the Internet has become a hotbed of infinite modalities, with numerous novel subcultures and online societies popping up around every corner.

Less intervention

Not only is decentralization coming, but Web3 applications also have smart contract functionality.

This means that transactions and agreements can be automated and performed automatically, removing the need for trusted third parties to monitor each relationship.