Web3s Data Dilemma: Ownership Vs. Orwell?
Web3, the next iteration of the internet, promises a decentralized and user-centric Digital landscape. Moving beyond the centralized control of Web2 giants, Web3 aims to empower individuals with greater ownership and control over their data and online experiences. This shift is driven by blockchain Technology, cryptocurrencies, and NFTs, all working together to create a more open, transparent, and secure internet. Let's delve into the core components and potential impact of this revolutionary technology.
Understanding the Foundations of Web3
Decentralization: The Core Principle
Decentralization is the bedrock of Web3. Instead of relying on centralized servers and intermediaries, data and applications are distributed across a network of computers. This distributed ledger technology (DLT), m...