Web3 refers to the next evolution of the internet, which promises to be more decentralized and secure than its predecessor, the web 2.0. Unlike the web 2.0 which is primarily dominated by a few large corporations, web3 envisions a decentralized internet where users have more control over their data, applications and interactions. The foundation of web3 is blockchain technology. In a web3 ecosystem, transactions and interactions are recorded on a public ledger, making them transparent and tamp...
