What is Web3?
Web3 is a decentralized network based on distributed ledger technology, that is, the next-generation network form of Web2 Internet we currently use. Web3 has a vision of decentralization and empowering individuals, utilizing blockchain technology to build decentralized applications (DApps), smart contracts, and NFTs (non-fungible tokens), bringing new possibilities to many industries, such as the combination of decentralization and traditional finance, bringing products such as DeFi lending and liquidity mining; The combination of decentralized finance and gaming brings innovative gameplay such as Play-to-Earn.
Restore The Rights That Belong to People and Make Everyone the Center
In the network form of Web1, people can only "read" information; In the network form of Web2, people have the right to "read" and "send", but the massive traffic and value generated by "read" and "send" are firmly controlled by a few internet giants (such as Twitter, YouTube, etc.), who determine what people can see, send, whether content can be monetized, how much monetization value is, and so on. In contrast, those internet giants are more like network centers, And the people who participate in the internet are just small screws.
Web3 makes it possible for everyone to become the center of the network. People are able to transfer their reputation, creative content, and assets on a certain platform in the Web3 network form. They will not lose their original assets, content, traffic, and reputation just because they leave the platform. Web3 allows everyone to directly own the ownership of created text, games, videos, images, music, and more through NFTs. Meanwhile, because any data is always stored on the blockchain rather than on a platform server, people can completely take away their reputation and traffic when they want to leave a platform.
A New Social Organization
No matter which country, society has always been managed and operated by centralized organizations, and the decision-making power in politics, economy, culture, and other aspects is only in the hands of a very few people. Under the Web3 form, utopia like DAO (decentralized autonomous organization) has been incubated. In DAO, all proposals are decided by token holders through voting and are not controlled by a single individual, making them more democratic, fair, and transparent. DAO utilizes blockchain technology to automate and decentralize organizational management, incentivizing organizational members to actively contribute through pre created smart contracts, making organizational management an "automated" process that requires no center.
Privacy is not Threatened
There are no intermediaries or Web3 giants in the Web3 network, and no company can control user data. All data and information are encrypted and stored on the blockchain. No organization can pose a threat to user data and activities through legal pressure, account freezing, and other means. Only users have control over the data. This greatly reduces the possibility of unauthorized access and potential data breach, and it is no longer necessary to rely on third-party intermediaries to provide paid services.
