What is Web3.0? Why does it matter? | Coinbetter

Many who are not fully emerged into the blockchain realm often ask themselves, “what is Web3?” and “what is Web3 doing to gain considerable attention?”. Web3 is a collective of decentralized internet applications operating on public blockchain networks. Decentralization is an essential component of the Web3 movement. Also, the public blockchains underpinning most Web3 networks are permissionless, meaning that anyone can participate. Furthermore, these public blockchains are censorship-resistant. Accordingly, nobody can block anyone else or restrict their access to the network. Additionally, Web3 services feature integrated payments systems that facilitate payments from a web browser using a cryptocurrency wallet. Primarily, this is thanks to a highly collaborative development community and high-quality tools such as JavaScript and Web3.js.

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