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Please eli5 web3. Keep seeing the term but haven’t found a good answer
by moneywoes 5y ago
Please eli5 web3. Keep seeing the term but haven’t found a good answer
- neurobashing 5y agoI took it to mean something about use of blockchain, especially but not limited to Ethereum, and "smart contracts", to create a new kind of distributed app platform. But I am not sure that's right.
- gonehome 5y agoIt loosely refers to decentralized applications that have some form of protocol level way to incentivize users. This is often blockchain related, but not always (Urbit isn't except for its IDs). An example would be Audius: https://www.youtube.com/watch?v=-Zh0WlrFWBg&t=567s https://www.youtube.com/watch?v=-Zh0WlrFWBg&t=567s That interview should give you some idea, the space is very young but the tech is interesting.