Too Long; Didn't Read
Web3 is the hottest new buzzword everyone must have heard in recent times. It is nothing but a new update to the world wide web, or simply the internet. This new iteration promotes the shift of dependency from large tech companies to sole individuals. Decentralization is one of the core pillars on which Web3.0 architecture stands. A major example is decentralized applications or __Dapps, which run on a peer-to-peer network rather than one single server. This phenomenon cuts down the central authority and lets the users perform transactions directly.