Web3

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Web3(Q1062677) is a buzzword used to loosely represent features of the next evolution of the internet and where those features focus on data exchange rather than historically document exchange. According to Wikipedia, the term Web3 was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms.[7][8]


It is about providing a decentralized data security model over web-based communication networks.

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