Web3

Web3

The term Web 3.0 refers to a vision of the third generation of computers,which anticipates that technologies such as blockchain will decentralize the Internet. This means that web 2.0 companies like Facebook, Amazon, LinkedIn and Apple will decentralize to enable the online exchange of value and empower users to take ownership of their data. Web 3.0 is designed for all participants who use a peer-to-peer (P2P) model for websites, applications and the internet as a whole. It will focus in many ways on producing a machine readable data driven web. Many believe that blockchain and crypto are central to the realization of the open, public, censorship-resistant, borderless, free internet: Web 3.0.

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Cryptopedia: Web3