What Is Web3 | Sponsors Directory

Web3 refers to a concept for a decentralized Internet, incorporating concepts such as decentralization, [[blockchain|blockchain]] technologies, [[tokenomics|tokenomics]], and [[privacy-enhancing-technologies|privacy-enhancing technologies]], with the goal of creating a more open and transparent online ecosystem. Web3 combines [[smart-contract|smart contract platforms]], [[peer-to-peer-network|peer-to-peer networks]], and cryptographic mechanisms. The development of [[ethereum|Ethereum]] and other blockchain-based projects involves trade-offs involving scalability, interoperability, and governance.