Web3: The Future of Blockchain

Welcome to the Crypto Finds YouTube channel. This time we will be exploring what Web3 is, why it matters, and how it will affect you.

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00:00 Intro
00:47 What is Web3
03:58 How Identity Works in Web3
05:00 Why is Web3 Important
07:17 Outro
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Web3: The Future of Blockchain

The web we use today is very different from what it was even only ten years ago. How has the internet changed over time, and more importantly, where is it headed? If the past is any indication, these adjustments will likely be very big. Consider how the internet influences your daily activities.

Think about how the internet has affected society. Online platforms like social media, mobile apps, and now the internet are all undergoing another paradigm shift right now. The modern applications of the web have seen significant development over the years, and they hardly resemble those of the early web.

Web3, also known as Web 3.0, is the next generation of the internet where users have full control over their data and interactions online. It is built on decentralized technology, such as blockchain, that allows for peer-to-peer transactions without the need for intermediaries. This new decentralized web allows for greater security, privacy, and autonomy for users.

With Web3, users can own and control their own data, and use it in a variety of ways, such as creating decentralized apps (dApps) or participating in decentralized finance (DeFi) platforms. Additionally, it allows for the creation of new, decentralized business models and a more open and inclusive internet.

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