UNIQUE BUSINESS IDEAS

WEB

3

What Web3 means? 

The next-gen world wide web, the iteration of Web 2 version with more functionality. 

Evolution of the web 

Web1= Read [A static website, just read. Almost zero interaction]

Web2= Read-Write [Modern days website, fully interactive]

Web3= Read-Write-Own [Decentralized database, privacy, security, machine learning] 

Decentralization of database 

In simple words, the information will be freely shared and stored in multiple locations. Presently with Web2 version the database is managed and controlled by giant organizations like Google. 

In Web3 the database and information will be stored in multiple locations (called distributed computing) managed by Decentralized Autonomous Organizations. 

Is an entity with no central leadership, it is controlled by member-owned communities. It is sometimes called DAC (Decentralized autonomous corporation)

What is DAO (Decentralized Autonomous Organization)?

Blockchain is the technology behind Web3. Blockchain is distributed database that is shared among multiple servers. Blockchain fetches information from the different block that holds part of the information. Collecting information in different blocks then produces a set of information for the user.

Web3 Technology.

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