For me personally, Web3 will have more to do with decentralization and blockchain technology than with daps and NFTs, which is what the term is associated with today. Just as Gavin Wood said when he coined the term: "Web3 is really sort of an alternative vision of the web, where the services that we use are not hosted by a single service provider company, but rather they’re sort of purely algorithmic things that are, in some sense, hosted by everybody..."
https://en.wikipedia.org/wiki/Web3
But these things have yet to actually happen, and the term is still just a marketing buzzword for now.
Topic: what is the connection between web3 and BTC - page 2. (Read 291 times)
There is no, web3 is Ethereum's ecosystem, and Bitcoin is Bitcoin. There are some projects that try to bring Bitcoin to Ethereum, but they are dangerous and pointless. Bitcoin is a currency, and it always had everything it needs to be a currency, it does not need smart contracts, because it's not trying to be a platform for decentralized applications.
Also, decentralized applications are overrated, they don't have much use in real world. Almost all of them are just manipulations with tokens for the sake of speculation and pointless investing. They don't make lives better or easier.
Also, decentralized applications are overrated, they don't have much use in real world. Almost all of them are just manipulations with tokens for the sake of speculation and pointless investing. They don't make lives better or easier.
what is the connection between web3 and BTC
A connection between these two (web3 & btc) is that they both apply the same mechanism for achieving transparency and security which is the blockchain technology making it decentralized. web3 has the potential of putting companies that serve as mediators to people who access the internet and stop these companies from forcefully showing adverts that you did not ask for and making money through it, plus they will no longer be able to completely monitor your activities since your connection to the internet will become direct and not through them.
what is the connection between web3 and BTC
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