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A Web3.0 browser is an internet browser that gives users access to decentralized applications and smart contracts. It ensures an integration of crypto with an emphasis on decentralization and user security. Web3 browsers have a blockchain integration where users can also host files peer-to-peer. To make this possible, each Web3 browser has its own integrated Web3 wallet.
In recent years a fundamental shift has taken place. With the advent of blockchain technology, there is also the need to decentralize our entire digital existence. With Web3 users can also own digital items, but web3.0 developers need to be able to organize that as well as possible. Both in the gaming industry with numerous play-to-earn games, and in owning traditional NFTs. There are more and more examples of why owning digital assets can be very lucrative.
With the development of Web3.0, all information is completely decentralized in a public network. And that new revenue stream in Web2.0? It is limitless here. Because you can own digital items, a whole new digital economy is created for and by every user. But what are the properties of Web3 and are they present in a Web3 browser?
In a decentralized world where you can own digital items, you naturally need a wallet. In the world of DeFi and the use of ‘regular’ browsers, MetaMask and Trust Wallet are commonly used software wallets.
Web3.0 is characterized by decentralized applications (dApps) that you can use based on your software wallet. Connect your personal wallet and get access to this dApp. These can be trading platforms such as OpenSea or games such as DeFi Kingdoms, but also decentralized social media channels. These websites are not owned by one team, but part of a peer-to-peer network.
All information and transactions that take place are based on blockchain technology. Completely decentralized and peer-to-peer. This is necessary to make the evolution from the dominant Web2 to the innovative and decentralized Web3.
A smart contract is a programmed contract in which all agreements are included in the source code. By automating this, intermediaries are no longer needed and it contributes to the decentralized nature of both the blockchain technology and the development of Web3.0. Do you want to know more? Check out this extensive blog about smart contracts.
The goal of Web3.0 is to sideline centralized parties and return power and control to users. This is thanks to the use of public blockchains and encrypted dApps. At first sight, a Web3.0 is no different from an internet browser such as Firefox or Google Chrome. You can compare it to searching incognito, where your data is not used, but without a Web3 wallet of course. With Web2.0 it is already possible to use dApps, but only by using software wallets such as MetaMask. Web3.0 browsers have a built-in wallet, the same principle but no separate Chrome extensions but surfing online while maintaining your own privacy. The user experience thus remains the same as that of Web2.0, but with the advantages of Web3.0.
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