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Understanding Web3 and How It’s Shaping the Internet

  • Blockchain is a form of Web3 technology that allows people to own and control their data.
  • In Web2, big companies like Google and Facebook control user data, but Web3 shifts power back to the users.
  • Web3 uses cryptocurrencies like Bitcoin or Ethereum to enable fast and secure payments without involving banks.
  • Web3 aims to create a fair and open internet where individuals have more control over their digital lives.

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