1、 https:/crsreports.congress.gov April 1, 2022Web3: A Proposed Blockchain-Based, Decentralized WebWeb 3.0, often stylized as Web3, is an evolving concept with practical implications for web architecture and internet users. The World Wide Web (web) is the application layer of linked resources that res
2、ide on the internet. Although there is no standardized definition, Web3 generally refers to a proposed decentralized architecture for the web, built on blockchain technologies, protocols, and applications such as cryptocurrencies. A blockchain is a digital database that records data on a decentraliz
3、ed network of computers, without central administration. Cryptocurrencies are a form of digital money without government backing that are exchanged through a blockchain network. Since cryptocurrency developers adopted the term Web3 in 2014, it has garnered both support and criticism. Proponents clai
4、m it is a new web architecture that could displace existing “big tech” platforms as the primary means of accessing and storing data and content online, thereby improving individual user privacy. Critics argue Web3 is a buzzword that, if realized, would introduce new risks for users and simply replic
