18
Sep
The world wide web is growing, and the new generation is Web3. But what is Web3? In layman’s terms, it is the third generation of the internet that is based on the blockchain. Unlike today’s internet or more specifically Web2 where companies such as Google and Facebook dominate, Web3 seeks to decentralise control to the users by eliminating intermediaries. Web3 is the idea of a new internet that is private, secure and decentralized. Individuals can communicate directly through decentralized applications (dApps) and digital currencies such as Bitcoin and Eth. Although this sounds enticing, it also has its drawbacks for governments…