Web3 / Web 3.0

What is Web3 / Web 3.0?

Web3 / Web 3.0 Definition: Web3 cryptos refer to a new type of cryptocurrencies that combine blockchain technology with smart contracts, which give people greater control over their transactions and information, so they don’t have to rely on a third party to verify or process their transactions. Web3 aims to remove further restrictions from decentralized systems so that there is less control from large corporations so that greater control is avilable to users.

It’s considered or well known as the “third generation” of the internet. Transactions can be performed in Web3 without the need for an intermediary, and solely between two parties, which provides greater autonomy over information.

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