Web3 101: A Beginner’s Guide

Web3 will offer a far more personalized browsing experience, as a result of the ubiquity and connectivity of the Ethereum network.

Theoretically, decentralized data puts more power back in the hands of individuals. Now instead of large, centralized entities owning and selling user data, users will own their data and have more control over how they share that data.

Web 3.0 (2010 and beyond) is also known as the semantic web. In this version of the web, computers will be able to use AI and machine learning to interpret the meaning behind information, similar to the way humans can.

Gas fee is the cost associated with transactions on the blockchain. ETH miners set the price of gas based on supply and demand.

Smart Contracts are simply computer programs that run on the Ethereum blockchain. DApps use smart contracts in order to access the blockchain.

To access web3, you need to use a decentralized web browser, like MetaMask, Brave, Status, Opera, or Puma.

In addition to the fact that barriers to entry are still a bit high for non-technical folks, it seems like there’s not much incentive for the average person to care about participating in web3 right now. Yes, there’s been a lot of mainstream attention on cryptocurrency and NFTs as an investment, but combined with its high-risk, that hardly seems li... See more