WEB 3.

Web 3.0 can be defined as the means for internet users to transact business peer-to-peer and cutting out third parties, Puting in mind the focus of user privacy, transparency and total ownership.

Web3 is the reimagination of things we already use the internet for, but with a fundamentally different model for the interactions or transactions between two or more parties.

In simple terms, Information that is supposed to be public will be published public, for example your wallet address. Information that is supposed to be private will be kept private, for example your personal private phrase.

In web 3, all communication is encrypted, and identities are hidden which means the government or anybody doesn’t necessary needs to know who sent a certain amount of money or we call it cryptocurrency in the web 3 from one party to the other, but the good part of the web 3 is that, this is done with the help of blockchain technology, which we would discuss that in due course.

But I want you all to know that blockchain helps make the transaction transparent in such a way that it is open to everybody to go and see but the identity of the person is private which comes to the number reason of the evolution of blockchain, which is privacy.