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Web 3.0 Future Vision

what is web3?

Web3 is the next generation of web technology. It is a set of protocols and standards that allow access to the decentralized web.

what is web3?

The Web3 Foundation was created in late 2017 by Ethereum co-founder Dr. Gavin Wood, to build a new Web for everyone. The foundation has released a white paper detailing its goals and ambitions for the future of Web3.

Web3 technologies are still in the early stages of development, but they are being built by many companies with different ideas about how it should work. The future of web3 will depend on what developers decide to create based on these standards.

What is Web3 used for?

  • Web3 is a set of open source libraries, interfaces and protocols that allow users to interact with the Ethereum blockchain.
  • Web3 is used to interact with the Ethereum blockchain. The Web3 API allows developers to access data from the Ethereum blockchain and interact with smart contracts. It also includes an interface for sending transactions, checking account balances, and more.
  • It is the next generation of the Internet that will change the way we interact with the Internet. As a decentralized open source platform that allows peer-to-peer interactions and communications.
  • Web3 is an open source project that aims to create an alternative to today's central web services like Facebook or Google, controlled by companies that can exploit user data and manipulate what people see online at will.

Web3 how does it work?

Web3PWA acts as a browser or gateway to the Ethereum network, offering DApps and decentralized browsers in the form of a wallet. You will use Toshi to access various DApps and browsers through your device.

The front end of a decentralized network, made up of different modules working together. The interface can handle data, identity, and content transfers in a decentralized manner.

Web3 enables peer-to-peer communications between users on the Internet. There are specific protocols and interfaces that allow these interactions to occur securely. One example is a key management service, which controls digital identities and also allows you to manage your personal Ethereum.

The most accessible technology available is the Mist Browser CLI where one can download Web3 to give it permissions to run without opening any connection with Metamask Plugins or browser extensions that work in similar ways as Metamask Plugin does

The engineering objectives of this unit are twofold; Designing effective peer-to-peer communication protocols such as Pubsub and the use of appendices

What kind of projects does Web3 work with?

Web3 is a framework for building decentralized applications.

Web3 is an open source, JavaScript library that is the backbone of the Ethereum ecosystem. It provides the core functionality and utilities to build dApps with web interfaces.

It can be used for:

  • - Creating new wallets and sending transactions
  • - Developing smart contracts
  • - Building a DApp