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Explained | All you need to know about Web3 and what is happening in India
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moneycontrol.comIf you follow technology, it would be impossible not to get dragged into the Web3 blackhole – right from WhatsApp chats to Twitter circles. For tech founders, some of it has become a key discussion point and they are keeping tabs on what’s being done in this space. A few have already taken the plunge.
Web3 is a natural progression where cryptocurrency and other services operate on what’s called the blockchain or distributed networks.
But what exactly is Web 3.0 and why has it taken centre stage? Moneycontrol spoke to people working in this space to break down what Web3 is, what it changes and more importantly, what it means for consumers.
What is Web 3.0?
Before we get into this, let’s step back to understand how services work now.
Since the
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