Sublime

web3 is a somewhat ambiguous term, which makes it difficult to rigorously evaluate what the ambitions for web3 should be, but the general thesis seems to be that web1 was decentralized, web2 centralized everything into platforms, and that web3 will decentralize everything again. web3 should give us the richness of web2, but decentralized.

Web3 (or Web 3, or Web 3.0) is an umbrella term for various efforts to reshape the web in order to:

• Make it easy for users to control their own data and content and move between different apps and platforms;


• Enable users to receive a share of the revenue their online activities generates for the platforms and apps they use; and


• Enable web users and

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To address this, the community chose a rollup-centric approach. The idea is simple: Instead of hosting all applications on Ethereum, the focus is on rollups that offer faster, cheaper transactions while still settling back on Ethereum. As a result, you get faster, cheaper transactions, but still keep Ethereum’s security.

not investment advice, ep 37 - jack web3 beef - tokens vs. equity - why decentralize? - defining web3 - silicon valley talent exit - building on bitcoin - trung's vacation & daniel inouye thank you for... See more

Enter: web3, where participants use a wallet application like MetaMask, or Rainbow, to interact directly with the blockchain. Rather than logging into each individual website with an email and password, only to upload your files over again, your wallet acts as your login.