Web3 refers to the next generation of the internet, characterized by the integration of blockchain technology and decentralized protocols. While Web2 (the current state of the internet) is predominantly centralized, with power and control residing in a few centralized entities, Web3 aims to shift towards a more decentralized, transparent, and user-centric model.
Web3 utilizes different technologies such as blockchain, machine learning, IoT and big data to enable websites and applications to manage data just like humans. The primary goal of web3 revolves around the creation of a more transparent, independent and smart internet. One of the biggest highlights in web3.0 examples is the emphasis on decentralization which would prevent centralized applications from interfering with user data.
