What is Web3 and why should you care?

 Web3 is here. Ok, it’s not actually here but it’s coming! Most people are familiar with web2.0, which saw the evolution of social media platforms, smartphones, HTML5 standards, and much more. The next version of the internet is being called Web3 and the intention is to use the fundamentals of blockchain technology to power information exchange, decentralize information, and empower consumers. Big tech, which is comprised of companies like Alphabet, Meta, and Amazon, controls the bulk of internet transactions and traffic despite there still being millions of other websites. Blockchain is being used initially as a disrupter in the financial sector thanks to CryptoCurrency, but it is not going to end there.

 

 

So how is this going to impact you?

Well, as a consumer you’re probably going to get more privacy since blockchain has been great and creating anonymity with crypto. You may even get more ease of use when it comes to logging in to websites since, in theory, you could use one universal login. You would have more control over your data since it’s decentralized, meaning Alphabet doesn’t own your profile or your footprint on the internet.
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