Web3 and the Decentralized Internet | What You Need to Know
I remember the first time someone tried to explain Web3 to me. They threw around terms like "blockchain," "decentralization," and "smart contracts" until my eyes glazed over. But here's the thing – beneath all that technical jargon lies an idea that could fundamentally change how we use the internet. Let me break it down in a way I wish someone had done for me. From Shopping Malls to Farmer's Markets: The Internet's Evolution Think about how we shop for food. In the early days, we had small local markets where people traded directly with each other. Then came massive shopping malls and supermarkets – convenient, but owned by big corporations that set all the rules. Now, imagine if we could combine the convenience of supermarkets with the community spirit of a farmer's market. That's essentially what's happening with the internet. The early internet (Web1) was like reading a newspaper – you could look, but not touch. Today's inte...