Introduction to Web3 Web3 refers to the decentralized web—a next-generation internet where control shifts from centralized entities (like Google, Facebook, Amazon) to users, communities, and protocols running on blockchain. It aims to put ownership back into the hands of individuals, enabling greater privacy, autonomy, and interoperability.
This emerging internet is permissionless, meaning anyone can participate, and trustless, meaning systems operate without relying on centralized authorities.
Evolution from Web1 and Web2 to Web3 To fully grasp the concept of Web3, it helps to understand the evolution of the web: