What is Web3 vs crypto? — adidaswilson

Web3 and crypto are two related but distinct concepts in the world of blockchain technology and digital assets. In this article, we will discuss the differences between Web3 and crypto, their respective applications, and their potential impact on the future of the internet and the global economy.

What is Web3?

Web3, also known as the decentralized web, is the next evolution of the internet that aims to create a more open, transparent, and decentralized digital ecosystem. It is built on blockchain technology and other decentralized protocols that enable peer-to-peer transactions and eliminate the need for intermediaries. Web3 is often seen as the antithesis of Web2, which is dominated by large corporations and centralized platforms that control vast amounts of user data and activity.

Web3 is characterized by several key features, including:

Decentralization: Web3 is designed to be decentralized, meaning that no single entity or authority has control over the network. This allows for greater security, privacy, and transparency.

Interoperability: Web3 protocols are designed to work seamlessly with one another, allowing for cross-platform integration and data sharing.

Transparency: Web3 protocols are designed to be transparent, meaning that all…