Understanding Web3

11 months ago

The internet is a global gathering place. If you have a computer, you have access to a vast expanse of knowledge and value. But the internet is changing. The development of blockchains is shifting power from the few to the many, opening a new frontier of digital exploration: Web3.

The table below highlights a few differences between the internet of today and Web3, the internet of tomorrow.

Web2 Web3
Individual accounts for each website Sign in everywhere with a single wallet
User data is held and controlled by the website owner More user data is controlled by the user
Walled gardens, hard to change platforms Switch platforms whenever you like