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Web3 vs Web2: What really changed?

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Abstract generation in progress

Draw a line in the sand of the internet. On one side: Google, Facebook, Amazon controlling everything. On the other: Web3, where you own your data. It seems like science fiction, but it is the present that is coming.

The key difference: Who owns your data?

In Web2, you are the product. Companies sell your information to advertisers, analyze what you do, where you click, what you buy. You have no say in how it is used.

In Web3, you hold the keys. Your information, your control. Transactions run on blockchain—a public ledger that no one can tamper with. No intermediaries, no banks taking their cut.

Smart Contracts: The Game Changer

Imagine a contract that executes itself, without the need for lawyers or notaries. Buyer and seller agree on terms, they are written in code, and when conditions are met, the transaction is completed automatically.

That's Web3. Faster, cheaper, safer.

Four reasons why Web3 is different

Decentralization: Without a central control, it is almost impossible to censor or hack.

Transparency: All transactions are publicly recorded. Goodbye fraud.

Security: Blockchain makes it virtually impossible to alter data.

Privacy: You control who sees what. Companies cannot sell your information without your permission.

Where Web3 is going to explode

Finance: Peer-to-peer transactions without banks. Low fees, faster money.

Gaming: You truly own the game assets. It's not just a pixel on the company's server—it's yours.

Social networks: Create content, get paid directly. Democratize everything, without Meta or Twitter taking 90%.

Web3 is still in its infancy, but it has everything to change how we live the internet. The question is not if it will happen, but when.

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This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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