What is Web 3.0? Is it all hype?
The internet has grown from Web 1.0 to Web 2.0 and now it is moving into Web 3.0. Web 3.0 ensures safe interactions between two parties and ensures privacy between them. Unlike Web 2.0, Web 3.0 scraps the middle-man out of the interaction. Let’s look at them one after another and then dive into Web 3.0.
Web 3.0 has come into existence to remove the middle-men in interactions. In Web 2, for an interaction to be performed, there would be a middle-man, an intermediary. They extract interactions that are just between two parties. We appreciate these platforms because, without them, there won’t be a way to interact with our other party. Web 3 came into existence to end the intermediary.
With cryptocurrencies like Bitcoin and Ethereum, we can now have a peer-to-peer interaction without a middle-man and intermediary. With bitcoin, we can perform financial interactions without intermediaries.
Source : ThewebGate