– What is Web 3.0, and why is it a big deal?
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I’m seeing posts here that are primarily about how it’s a cryptocurrency scam. However, there is also a discussion of a decentralized web that does not rely on existing financing systems like credit cards and banking. Instead all transactions would be made through cryptocurrency.
While this approach does increase the value of cryptocurrency, it also removes the control of traditional finance from the Internet. An internet based on this process is apparently somehow better, I can’t explain that logic myself.
Additionally, web 3.0 is also sometimes used to refer to a web that is based on virtual reality (and also augmented reality). In the virtual world, with cryptocurrency being the method of finance, there seems to be some feeling of freedom that is absent in the modern world.
Again, I can’t explain why this is so exciting, but those are the concepts.
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