What is Web3? A guide to the new decentralized web

The connection between the web (the browser) and the Internet is more than straightforward. The World Wide Web is a collection of resources with links between them; most importantly, it’s neutral and decentralized. However, today we see a new trend in which sites are centralized, data is being sold to third parties or users can’t even control their own data.

The word “Web3” refers to a new version of the web that will decentralize online services again. It’s an initiative to build a better internet through blockchain technology. This article explains everything you need to know about Web3: what it is, why it matters, how it works, who’s involved and where you can find more information.

What is Web3?

Web3 is the next evolution of the internet. The current version of the internet is centralized and controlled by a few big corporations. Web3 is decentralized and brings control back to the users.

The most important aspect of web3 is that it’s built on top of the blockchain. That means the technology is decentralized, secure, and open source. Users will own their own data, and apps won’t be able to harvest user information.

Why does Web3 matter?

The internet has transformed many aspects of our lives, but it has also left some things to be desired. There are several key issues with today’s internet that blockchain technology can address, and that’s why web3 matters.

Privacy is a huge issue for web3 and blockchain in general. The data that users generate by browsing the web is most often stored on centralized servers. This makes that data susceptible to hacking, data breaches, and improper use of user information.

How does Web3 work?

Web3 is the next generation of the Internet, built on decentralized architecture with blockchain technology and distributed ledgers. In the current state of the internet, data is hosted in centralized servers owned by large companies like Google and Facebook. These companies control our data, and in some cases, can even sell it to advertisers.

Web3 is an open distributed network where data is stored in decentralized ways, like on the blockchain. That means that the data won’t be stored in one central place, but will be distributed across the networks. Users will be able to store, access, and control their own data.

Where to find more information

If you’re interested in learning more about web3, there are plenty of ways to do so. First and foremost, it’s important to note that while web3 is a technology, web3.org is a nonprofit association that promotes the use of blockchain technology.

Web3 is a concept that encapsulates the idea of a decentralized internet. The internet we use today is built around centralized servers that are owned by large corporations. With blockchain technology, we can create a decentralized internet that puts users in control.

You can also read more about Web3 marketing and why it's important to focus on it, or about The evolution of the internet: from Web1 to Web2 into Web3.