Web3 is a new internet that will be based on blockchain technology. It is a decentralized platform that can provide users with an open infrastructure for developing and running their own applications. The main goal of this project is to create a more secure, transparent, and efficient web.

© elastos.info

The best part about Web3 is that it uses smart contracts which are self-executing programs that automatically perform tasks or payments when certain conditions are met. Unlike traditional websites, there’s no need to trust third parties because the data is stored in a distributed ledger (blockchain). This means that all transactions are safe and secure.

(You may like: Web 3.0: What is Decentralized Web 3? Explained)

People Like this Post

10 Best Web3 Projects

  1. Handshake.org (HNS)
  2. Basic Attention Token (BAT)
  3. BitTorrent (BTT)
  4. Dfinity Foundation (ICP)
  5. Filecoin (FIL)
  6. Helium (HNT)
  7. Theta Network (THETA)
  8. Chainlink (LINK)
  9. Polkadot (DOT)
  10. API3 (API3)