What does web3 mean?

Web3 is the next evolution of the internet. Probably utilization of blockchain technology and tools of decentralization. In web2 you are the product for browsing social network. But in web3 some believe that you are the owner of your content and content that you post on online. You can control on that, usually something on internet it is always on the internet.

Let suppose a blockchain alternative is Youtube, here video can be posted and the creators can earn library tokens. Which is basically creators rewards based on website videos. Creator’s uploads it and someone wants to share it, technically download the video that others may like the video, this is kind of a bit torrent network.

Your post could not get it down because your post is in one social server. If you think about thousands of servers and computers in the world ensuring blockchain social network you are on is not attacked and censored. But in Web3 the experts say that we will go to the point of the internet every company run by DAO (Decentralized Autonomous Organization).

In DAOs there has no CEOs, no president’s. see more...

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Source: cryptochain24.com

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Differences between token Vs coin

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Stablecoins mainly works in two ways, Collateralization : Fiat collateralization means that each coin is backed by something in most cases that is one US dollar. The most famous company Tether realized their USDT stablecoins using fiat collaboration. Fiat collateralization stablecoins are quite stable much more of an alternative. Problems: The money required to put off each USDT cannot be invested. This can be the millions of dollars of their company are not earning interest Another problem is specifically the trader’s faces, it is very difficult to prove that you own the total matter of assets Stablecoins Smart Contract Smart contract stablecoins are usually much more volatile. They must manipulate the supply of coins to adjust the price. their main algorithm works in stablecoin. Read the full article Click here... Source: cryptochain24.com

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