Web3 refers to the third generation of the World Wide Web, where the emphasis is on decentralization and blockchain technology. This new ecosystem is built on top of the existing Web2 and extends its functionality to include peer-to-peer transactions, digital identity management, and other decentralized applications (dapps). The goal of Web3 is to create a fully decentralized, trustless, and secure internet where users can own and control their data, while also empowering developers to build more sophisticated applications and services. Ethereum is one of the key technologies that powers the Web3 ecosystem, and it’s often used to create dapps that run on decentralized networks.
