Web3 was the term created 2014 to originally describe three properties (protocols) that decentralised networks can bring to web without need to rely on centralised service providers. Web + 3 = web3:
- eth: making transactions with smart contracts
- bzz: decentralised storage - save files
- whisper: peer-to-peer messaging, chat, etc.
More about the history of web3 in my Twitter thread here:
- eth: making transactions with smart contracts
- bzz: decentralised storage - save files
- whisper: peer-to-peer messaging, chat, etc.
More about the history of web3 in my Twitter thread here:
https://mobile.twitter.com/moo9000/status/148446388922402406...
However the usage of the term and it meaning has corrupted over the years, especially when marketing people took it over.