Web3: what is it?

Oleg Romanov Founder Time2Mobile

Web3 or Web 3.0. a completely new concept of the 3rd generation of the Internet, which is decentralized and runs on the blockchain and token economy. That is, Web3 is a worldwide network in which data is not stored on the side of large corporations such as Google or Amazon, but in decentralized databases.

Web3 technology is being used to create platforms that are not controlled by anyone but can be trusted. First of all, trust is driven by the algorithms and protocols that underpin Web3, combined with cutting-edge technologies such as blockchain, machine learning, big data, and artificial intelligence.

The fuel for the 3rd generation internet economy should be tokens and cryptocurrencies that are independent of traditional financial systems. But now this concept is still at the development stage, so the principles of how Web 3.0 works are not yet fully understood.

In general, the advent of Web 3.0 looks like a skylight for virtual security and data protection. This is a good attempt to build a new world between the financial system and people and their interactions with each other. That is why this technology is now actively used in the development of applications. And if you are interested in obtaining a modern solution, please contact our company. We will help you develop a Web3-based application to meet all your needs.

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