Here I am going to discuss two important things, keeping up everything blockchain & web 3 and blockchain trends.
Web 1 | Web 2 | Web 3 |
---|---|---|
information economy | platform economy | token economy |
read | read write | read write execute |
By above table you can understand that web 3 is 3rd generation of internet with advance technology that is decentralized. One of the most important thing it's not depended on server-based database.
Comparing to web 1 and web 2 it's more secure and safe, better connected and private. Now Web 3 has more than 6k crypto coins and 4k are listed on coin marketcap.
There are many decentralized blockchain platforms and they are making web 3 more useful than web 2.0 and it has lots of dapps that very useful.
Web 3 providing Anti-monopoly and Pro-privacy, secure network, data ownership, interoperability, no interruption in service, permissionless blockchains, semantic Web and ubiquity
It's time to make move and get the benefits as early adopters since later more people will join. Because web 3 is the future. If we do not accept it then we will be left behind.
Picking the multiple strong bockchain platforms and working, investing and exploring are the activities that i am doing. Later, when more people will join, the economy will grow.
The best thing in These decentralized platforms that there are no admin. We users are the owners and this is the real definiation of decentralization.
Of course there are the leaders but they are also users and their work is support the community like other users but the difference is they are playing major role and inspiring other users.
In web 3, you can work according to your passion or you can say your talent. For example I am involved in many content sharing platforms because this is my passion and along with this i am daily exploring and learning new things on blockchain.
So this way i am connected with web 3 and blockchain.
If i talk about current blockchain trend then Defi and NFTs are trending now and i am keeping eye on it. I am exploring DeFi and NFTs.
Defi
You can say Defi is finance 2.0 and it wil definitely change the finance world. Bank is trusted partner in centrlized finance and in Defi smart contracts are the trusted partners.
You know smart contracts built on blockchain and that's why it is transperant. So user can track their fund. Banks are giving loan on bank and property and smart contracts use crypto asstes for this.
NFTs
Other side NFTs is also new trend. It means non fungible tokens. Nfts is the token that store it's unique information by using it's smart contract and this information differentiate it from other token. So that mean one NFTs token can't replace other NFTs.
Every token is different and unique in itself. I want to give you example that i have one dollar and it will be same value from other one dollar. One bitcoin value will be same from another bitcoin.
So that mean it has fungibility characteristics. But if we talk about NFTs then one token is different than other token because it's non fungible.
So usecase and awareness is increaseing of NFTs. Other feature is it's non divisible so we can't divide it's small parts.
Decentraland and cryptokitties are the examples of NFTs.
So guys we are the early adopters of web 3 and blockchain but we Gotta walk step by step with trend and that is why we have to adopt NFTs and Defi.
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