Users are Invited To Join the Web3 Revolution with Gate.io

cryptonews.com:

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Majuro, Marshall Islands, 27th June, 2022, Chainwire

Web3 is the next iteration of the internet powered by decentralized blockchains. Although in its infancy, a wide range of Web3-based cryptocurrencies and projects are scattered throughout the crypto market. Let's explore the concept of Web3 and navigate the ways users can get involved with Web3 on Gate.io. 

In simple terms, Web3 is an internet entwined with blockchain networks and cryptocurrencies, inheriting these technologies' decentralized and freely accessible attributes. Web3 has a variety of implementations that solve the core problems presented by Web2, the internet the world is familiar with today.

To understand better what the next phase of the internet has to offer, one should be familiar with its evolution.

In the early stage of the internet, referred to as Web1, the flow of information was primarily unidirectional. Early internet users were mostly consumers, presented with static content in a way similar to newspaper media.

As new interactive internet technologies emerged, such as social media, users became not only consumers but also contributors. Known as Web2, this is the internet we primarily interact with today, powered by centralized companies that have built business models centered on hoarding and monetizing personal data. Users have little control of the centralized web where there's little privacy and censorship resistance.

With Web3, users evolve beyond just consumers and creators with the ability to govern and participate directly in the internet's architecture without centralized entities. Enabled by applications and services built upon decentralized blockchain