What Problems Does Web3 Solve?
These are some of the problems that Web3 can solve:
• Immutability: The ledger can now have transparency, and all the transactions are maintained. In smart contracts, code is encrypted, and this make happen transparent and secure transactions.
• Decentralization: Networks and algorithms are open sources and trustworthy. Privacy of data is maintained in web 3.0. You have complete control of your data.
• Data ownership: With the emergence of web 3.0, we are the owner of our data. You can earn money by selling the data in the form of tokens.
• Communities: Web 3.0 is run and owned by communities. It helps build transparency in the system, where you can see all the details about the artist, commodity, and NFTs.
Explore most asked questions and answers related to Web3.0 from here: Best Questions And Answers On Web3