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web 3 block chain technology

Web 3.0

Web 3.0, also known as the decentralized web or Web3, refers to the vision of the next generation of the internet. It aims to address some of the limitations and issues of the current Web 2.0, which is characterized by centralized platforms and services.

Web 3.0 is built upon decentralized technologies, such as blockchain, decentralized networks, and distributed systems. It aims to empower individuals, promote user privacy and data ownership, and foster a more open and inclusive internet. Here are some key aspects of Web 3.0:

Decentralization: Web 3.0 seeks to eliminate or reduce the reliance on central intermediaries. Instead, it emphasizes peer-to-peer interactions, where users can directly interact with each other and exchange value without intermediaries controlling or owning the data.

Blockchain Technology: Blockchain, the underlying technology behind
cryptocurrencies like Bitcoin and Ethereum, plays a crucial role in Web 3.0. It enables the creation of decentralized applications (dApps) and smart contracts, which are self-executing contracts with predefined rules that automatically execute when certain conditions are met.

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