Web3 is the development of decentralised web applications and enable users to control their own identity, content, and data that is being built, operated, and owned by its users. Web3 includes platforms and applications that enable shifts toward a future, decentralised internet with open standards and protocols while protecting digital ownership rights, controlling how their data is monetised, and catalysing new business models. The term Web3 was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts. Web 1.0: Read-Only (1990~2004); Web 2.0: Read-Write (2004~now); Web 3.0: Read-Write-Own (2014~)
Related Definitions in the Project: The Computer Technology
