What is Web 3.0: A Beginner's Guide

Definition: Web 3.0 is a potential future version of the internet built on public blockchains, known for enabling cryptocurrency transactions. 

Decentralization: Unlike Web 2.0 where central companies mediate services, Web 3.0 is decentralized. 

Permissionless Access: Web 3.0 doesn't require central authorities to control access, offering unrestricted access to services without gatekeepers. 

No Intermediaries : In Web 3.0, intermediaries aren't needed for virtual transactions, fostering direct peer-to-peer interactions without relying on trust. 

Enhanced Privacy: Since intermediaries collect less data, Web 3.0 offers improved user privacy and control over personal information. 

DeFi Integration: Web 3.0 includes DeFi (Decentralized Finance), enabling real-world financial activities on the blockchain without traditional banking systems. 

Corporate Involvement: Major corporations and venture capital firms are investing in Web 3.0, potentially leading to concerns about centralization of power despite its decentralized principles.