Entity: WEB3KNOWS
Web3 is a term referring to the future of web technology aimed at decentralization and peer-to-peer interactions. It encompasses core tenets like community ownership, trustlessness, and monetary incentives.
WEB3KNOWS
Etymology
The term 'Web3' originates from the concept of the third iteration of the internet, focusing on decentralization and peer-to-peer interactions.
Definition
Web3 refers to the future of web technology that prioritizes decentralization, community ownership, and trustlessness. It embodies core principles such as decentralization of infrastructure, community ownership, monetary incentives, and trustlessness.
Historical Context
Web3 emerged as a response to the centralized nature of Web 2.0, aiming to create a more democratic and inclusive internet ecosystem.
Cultural Significance
Web3 is significant for its potential to revolutionize the internet by empowering users, promoting transparency, and fostering innovation in various industries.
Related Concepts
- Decentralization
- Peer-to-peer technologies
- Blockchain
See Also
A term used to describe the next generation of internet technology that emphasizes decentralization, community ownership, and trustlessness.