Web3 101: A Beginner’s Guide

Web3 (2020+) is read, write, and own. People create, consume, and own the upside of their work through tokens. Web3 is built on peer-to-peer networks of computers that talk to each other without middlemen.

While web 3.0 is an exciting opportunity to create a decentralized internet that is better than the existing, web3 is not simply a silver bullet solution for everything.

Web3 is a new vision of the internet. It takes us away from today’s centralized internet, where data is stored in servers managed by trusted counterparties like Facebook and Google, to a decentralized internet, where a trustless network of peer-to-peer servers manages and verifies data.