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Introduction: What is Web3?
A new generation of decentralized technology is emerging that will create a paradigm shift in how the internet operates. These technologies, also known as Web 3.0, rely on blockchain-based systems and smart contracts. The first significant emergence of blockchain technology came in 2008 with the introduction of bitcoin. The decentralized nature of blockchain led to an explosion of interest from across industries and governments seeking ways to use this technology for their own needs. Some use cases include decentralized exchanges, NFTs , gaming, and DAOs
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Web3 and Cryptocurrency: How the two are connected
In the past, when you wanted to buy a product online, you would have to either use a credit card or a PayPal account. Today, cryptocurrency has emerged as a viable third option, with less expensive transactions and more anonymity than either of the established payment methods. Cryptocurrencies and their underlying blockchain technology have made it possible for financial products that were previously thought to be impossible. Cryptocurrencies incentivise running the network and all economic layers associated with it.
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Ethereum and Smart Contracts: How they help create a more autonomous web
Nearly two decades ago, the dot-com bubble created a frenzy in the tech industry. While many companies failed during this time, some companies emerged in the new digital age. One of these companies was Amazon.
Ethereum and Smart Contracts create what is called Web 3.0. For the first time, the internet gives people the power to build their own networks and run their own applications on top of it. Instead of relying on a handful of companies to provide the technology to build their web, it is now becoming accessible by anyone. This is the transition to Web 3.
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The Future of Web3 Blockchain Jobs
Web3 is poised to change how everything works, from secure data management to decentralised applications, including jobs.
Web3 refers to the third generation of web-based technologies, including blockchain technology and its related protocols, such as Bitcoin and Ethereum. However, this is evolving, and the list keeps growing with more utilities and applications. Web3 technologies have come a long way, but more products are being built every day by a new wave of Web3 companies. Web3 Developers are already in great demand!
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IDEAS CURATED BY
CURATOR'S NOTE
Yet another Web3 Intro
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