The Web3 Blog by Founders, Hackers and Programmers
Web3 is is a reimagination of the sorts of things that we already use the Web for, but with a fundamentally different model for the interactions between parties.
"Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly." —Vitalik Buterin, Creator Ethereum
Web3 is is a reimagination of the sorts of things that we already use the Web for, but with a fundamentally different model for the interactions between parties.
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A digital currency that is secured by cryptography. True cryptocurrencies are decentralized networks (usually based on blockchain technology) and are not issued or controlled by a central authority.