WEB2 and WEB3
Web2 refers to the current version of the Internet that most people are familiar with today. It is dominated by companies that provide services in exchange for your personal data. Web3, on the other hand, refers to decentralized applications running on the blockchain. These applications allow anyone to participate without monetizing their personal data.
Benefits of WEB3
Due to the inherent decentralization of blockchain, many Web3 developers choose to build dapps:
- Anyone on the network has the right to use the service, or in other words, no permission is required.
- No one can prevent or deny you access to the service.
- Payments are facilitated through the native tokens of the project.
- OR Smart Chain is Turing complete, meaning you can program almost anything.
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