Web3

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Web3 refers to the proposed paradigm shift in the to transition to a decentralized design that leverages blockchains and related technologies such as cryptocurrencies. Web3 refers to a proposed new decentralized web architecture built upon blockchains and related technologies such as cryptocurrencies to deliver a paradigm shift in the world wide web.[1]

History

Key points:

Key Technologies

Companies and Projects

Key Point: Brave Browser, Gemini, OpenSea

Security

Ethical Considerations

Key Points: Scams(FTX, Cryto Zoo, etc.), Theft, Equal Access, Environmental Concerns (Blockchain Inefficiencies),

References

  1. "Congressional Research Service. (2022). Web3: A Proposed Blockchain-Based, Decentralized Web (IF12075). Retrieved from https://crsreports.congress.gov/product/pdf/IF/IF12075/2