Web3? Blockchain? Cryptocurrency? These modern technological terms can be very perplexing because they all seem to blend together. However, each of these terms differs from the other in a number of ways. What are the key distinctions between Web3, blockchain, and cryptocurrency?
Web3 has undoubtedly become a buzzword in recent years. This refers to Web 3.0, the most recent version of the internet. Web3 can be difficult to grasp because it incorporates so many different concepts and technologies. However, we will reduce it to its most basic form. Web3 combines decentralization, blockchain technology, and cryptocurrency. This internet isn’t entirely different from the one most of us use today, but Web3 has some key differences.
We can still use social media, buy products, read the news, and do anything else we want on the internet. However, some key features of Web3 distinguish it from previous iterations, beginning with decentralization.
Web3 is based on the idea of using decentralization to keep things distributed, fair, and transparent. Blockchain technology will be used in conjunction with decentralization. We’ll go over blockchains in more detail later, but it’s worth noting that they, too, use decentralization and allow organizations to store data in a secure setting.
Content was cut in order to protect the source.Please visit the source for the rest of the article.
This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents
Read the original article: