The defining characteristics of Web3 are decentralization, ownership, trustlessness, and the use of cryptocurrencies. Web3 enables users to own their data, digital assets, and even the governance of platforms via blockchain-based systems. It also eliminates the need for intermediaries, allowing for trustless transactions conducted through smart con... See more

Web3 is the name some technologists have given to the idea of a new kind of internet service that is built using decentralized blockchains — the shared ledger systems used by cryptocurrencies like Bitcoin and Ether.