What is Web 3.0?

Web 3.0 refers to the third generation of the internet, often described as a more decentralized, intelligent, and personalized web. It uses technologies like blockchain, artificial intelligence (AI), and the semantic web to create a more intuitive, user-centric experience where data is shared securely and privately across decentralized networks.

Examples of Web 3.0 include cryptocurrencies like Bitcoin (which uses blockchain for decentralized transactions) and decentralized applications (dApps) like Uniswap (a decentralized exchange). Web 3.0 aims to give users more control over their data and improve online privacy and security.

Another example of Web 3.0 is decentralized finance (DeFi) platforms, such as Aave or MakerDAO, which use blockchain technology to offer financial services without traditional intermediaries like banks. Users can lend, borrow, or earn interest on cryptocurrencies through smart contracts, enabling transparent, peer-to-peer transactions. Web 3.0 enables such decentralized systems, giving users more control over their financial assets while maintaining privacy and security through blockchain technology.