The world is steadily shifting onto the following model of the web- Web 3.0. It describes the third era of web providers that run on the blockchain. So, what precisely is Web 3? How completely different is it from the present Web 2? What are its benefits, disadvantages, and the way will it have an effect on you? Let’s take a look at solutions to all these questions in our simplified beginner’s information to Web 3.0.
What is Web 3.0?
- Web 3.0 is decentralized, just like Bitcoin
- The information is held on P2P network- no single social gathering controls it
- Decentralization avoids single level of failure, eradicating downtimes