The concept of Web 3 denotes a new era in the development of payment systems and services, which involves the decentralization and autonomy of the Internet. Its cryptocurrency is Bitcoin that popularized blockchain technology, becoming the digital cash for such a network. Web 1 was used for static web pages, Web 2 serves for smart applications, and Web 3 is when a financial system originally built on the Internet is added on top of existing Internet services. In other words, it is an ecosystem with an online payment system that requires nothing but the Internet, without any credit cards. According to it, the cryptocurrency in web3 allows people to transfer funds to each other, buy and sell items, thereby transferring all payments online.
What is the role of Web 3 compared to the functions of the previous versions of web systems such as Web 1 and Web 2?
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Academic.Tips. (2022) 'What is the role of Web 3 compared to the functions of the previous versions of web systems such as Web 1 and Web 2'. 31 January.
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Academic.Tips. (2022, January 31). What is the role of Web 3 compared to the functions of the previous versions of web systems such as Web 1 and Web 2? https://academic.tips/question/what-is-the-role-of-web-3-compared-to-the-functions-of-the-previous-versions-of-web-systems-such-as-web-1-and-web-2/
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Academic.Tips. 2022. "What is the role of Web 3 compared to the functions of the previous versions of web systems such as Web 1 and Web 2?" January 31, 2022. https://academic.tips/question/what-is-the-role-of-web-3-compared-to-the-functions-of-the-previous-versions-of-web-systems-such-as-web-1-and-web-2/.
1. Academic.Tips. "What is the role of Web 3 compared to the functions of the previous versions of web systems such as Web 1 and Web 2?" January 31, 2022. https://academic.tips/question/what-is-the-role-of-web-3-compared-to-the-functions-of-the-previous-versions-of-web-systems-such-as-web-1-and-web-2/.
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Academic.Tips. "What is the role of Web 3 compared to the functions of the previous versions of web systems such as Web 1 and Web 2?" January 31, 2022. https://academic.tips/question/what-is-the-role-of-web-3-compared-to-the-functions-of-the-previous-versions-of-web-systems-such-as-web-1-and-web-2/.
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"What is the role of Web 3 compared to the functions of the previous versions of web systems such as Web 1 and Web 2?" Academic.Tips, 31 Jan. 2022, academic.tips/question/what-is-the-role-of-web-3-compared-to-the-functions-of-the-previous-versions-of-web-systems-such-as-web-1-and-web-2/.
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