Let's finally settle the hottest debate in the web3 space right now!
Core ideas of Web3:
Although it's challenging to provide a rigid definition of what Web3 is, a few core principles guide its creation, here is FOUR essential pillars.
Web3 is decentralized: instead of large swathes of the internet controlled and owned by centralized entities, ownership gets distributed amongst its builders and users.
Web3 is permissionless: everyone has equal access to participate in Web3, and no one gets excluded
Web3 has native payments: it uses cryptocurrency for spending and sending money online instead of relying on the outdated infrastructure of banks and payment processors.
Web3 is trustless: it operates using incentives and economic mechanisms instead of relying on trusted third-parties."