The Baileys and Partners

The Baileys and Partners

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The Baileys and Partners
Web3: The Future of a Decentralized and User-Owned Internet

Web3: The Future of a Decentralized and User-Owned Internet

Kim Bailey's avatar
Kim Bailey
Oct 22, 2024
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The Baileys and Partners
The Baileys and Partners
Web3: The Future of a Decentralized and User-Owned Internet
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Web3 Definition

Web3, also known as Web 3.0, is the internet's next generation, stressing decentralization, user ownership, and increased privacy using blockchain technology. Unlike Web 2.0, which is controlled by centralized platforms such as social media giants, Web3 seeks to give people greater autonomy over their data and digital identities.

Key compo…

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