Web2 vs Web3: What's The Difference?

What’s Web3?

Web2 and Web1

The Major Differences Between Web2 and Web3

Web3 Ecosystem

  • DApp — runs on a decentralized and immutable blockchain network. It is an automatic execution agreement that writes transaction terms into code through smart contracts. Both parties can do their transaction without trust.
  • DeFi (Decentralized Finance) — This is a new financial system with cryptography, decentralization, and blockchain.
  • NFT (Non-Fungible Token) — This is a digital asset that has value due to its uniqueness. Digital assets can be transferred, sold, mortgaged, lent, or kept for their own appreciation. It is also a new way to make money by selling their works without relying on intermediaries.
  • DAO (Decentralized Autonomous Organization) — is a new organization governance model built around transparency and inclusiveness. It is a community shared by participating members and managed by the consensus of members.

Where will Web3 take us?



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