# What is Web3?

By [Untitled](https://paragraph.com/@0x97f5b1bdcecf3331dfb1dcbf50e593fed5151c59) · 2022-08-08

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Web3 is the name some technologists have given to the idea of a new kind of internet service that is built using decentralized blockchains — the shared ledger systems used by cryptocurrencies like Bitcoin and Ether.

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*Originally published on [Untitled](https://paragraph.com/@0x97f5b1bdcecf3331dfb1dcbf50e593fed5151c59/what-is-web3)*