Web3: The Decentralized Internet Revolution

Web3 represents the next evolution of the internet, shifting power from centralized corporations (like Google and Facebook) to users via blockchain, smart contracts, and tokenized economies. 1. Core Pillars of Web3 a) Blockchain & Decentralization Public Ledgers: Ethereum, Solana, and Polkadot enable trustless transactions. Smart Contracts: Self-executing code (e.g., DeFi protocols like Uniswap, Aave). DAOs (Decentralized Autonomous Organizations): Community-governed entities (e.g., MakerDAO). b) Ownership & Digital Assets NFTs: Beyond art—used for identity, ticketing, and IP management Tokenization: Real-world assets (RWAs) like real estate traded on-chain. c) Privacy & Identity Zero-Knowledge Proofs (ZKPs): Verify data without revealing it (e.g., zkSync). Decentralized ID (DID): Self-sovereign identity (e.g., ENS domains).

Mrickyade

2025/3/25 02:14