Web3s DAO Dilemma: Community Vs. Centralization
Imagine a future internet powered by you. Not by tech giants, not by centralized authorities, but by its users. That's the promise of Web3, the next evolution of the internet, built on blockchain Technology. It aims to create a more decentralized, secure, and transparent online experience. But what exactly is Web3, and how does it work? Let's dive in.
What is Web3?
Web3 represents a significant shift in how we interact with the internet. It moves away from the current Web 2.0 model, dominated by centralized corporations, towards a decentralized model controlled by its users. Think of it as an internet owned by the builders and users, orchestrated with tokens.
Key Characteristics of Web3
Web3 is characterized by several core principles:
Decentralization: Power is distributed across a networ...