Cryptohopper blog

What is the Web3 Domain Buzz About?

Web3, or the read-write-trust web, is the third iteration of the internet, powered by smart contracts, cryptocurrencies, NFTs, and blockchain technology to achieve a decentralized web. This means that instead of being centrally controlled, it is distributed across a network of computers, making it more secure and resilient. Additionally, the decentralized web introduces a change in domain names from the conventional domain name system (DNS) to a web3 domain name.