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Web3 ? Why do people say that & What is it?

Web3 | Web 3.0 | Web3 Explained | Web3 Meaning | Web3 Crypto | Web3 for Beginners | Web3 for dummies Subscribe to my newsletter here : https://substack.com/@COMPOUNDINVEST Some Big words in the Video that you might want to understand. :) Web 1.0: The early phase of the Internet (1989-2004) characterized by static web pages and limited user interaction. Hyperlinks: Text or images within a web page that, when clicked, take you to another web page or resource. Static web pages: Web pages that display fixed content and do not change unless manually updated by the website owner. Broadcast: Sending out information to a wide audience simultaneously, without individual interaction or feedback.one way communication. Transition: The process of changing from one state or condition to another. Publications: Written materials or works that are made available to the public, such as books, magazines, or articles. Interpersonal exchange: Communication or interaction between individuals, involving the exchange of thoughts, ideas, or emotions. Monetize: To convert something, such as data or content, into a source of income or profit. Advertisers: Individuals or companies that promote their products, services, or messages through advertising. Machine learning algorithms: Computer programs or models that can learn and improve from data without being explicitly programmed. Ethereum: A decentralized, open-source blockchain platform that enables the creation and execution of smart contracts and decentralized applications. Decentralization: Distributing control or authority away from a central authority or entity to a network of participants. Blockchain: A distributed and decentralized digital ledger that records transactions across multiple computers, providing transparency and security. Cryptos: Abbreviation for cryptocurrencies, which are digital or virtual currencies secured by cryptography and often decentralized. NFTs: Non-fungible tokens, which are unique digital assets representing ownership or proof of authenticity for digital or physical items. Token economy: A system where tokens or digital assets are used as incentives or rewards within a specific platform or ecosystem. Decentralized autonomous organizations: Organizations governed by smart contracts and operated by a community, rather than a centralized authority. CEOs: Chief Executive Officers, the highest-ranking executives in a company who make strategic decisions and oversee operations. Community-driven: Guided or influenced by the participation and input of a community or group of people. Censorship: The suppression, restriction, or control of information, speech, or expression by an authority or organization. Semantic web: An extension of the World Wide Web that emphasizes the meaning and context of information to enhance search and data integration. Solid: An open-source project that aims to give users control over their personal data and promote data interoperability. Interoperable: The ability of different systems or platforms to work together and exchange information seamlessly. Peer-to-peer networks: A decentralized network architecture where computers or devices connect and interact directly with each other. Cryptographic security: Security measures that use cryptography to protect data, communications, and identities from unauthorized access or tampering. Critics: Individuals who express their opinions or evaluations, often analyzing and providing feedback on various subjects or works. ICOs: Initial Coin Offerings, a fundraising method where new cryptocurrency tokens are sold to investors in exchange for established cryptocurrencies or fiat currency. Rug pull: A sudden and intentional withdrawal or exit scam by developers or organizers of a project, leaving investors with worthless or nonexistent assets. Centralized: Controlled or managed by a single authority or entity, often with decision-making power concentrated in one place. Trustless: A characteristic of certain decentralized systems where trust is not required between participants due to the use of cryptographic protocols. Incentivized: Motivated or encouraged by rewards, benefits, or incentives offered by a platform or organization. Fungible: Interchangeable or replaceable with something of equal value, typically referring to assets or tokens. Digital security: Measures and practices implemented to protect digital assets, systems, and information from unauthorized access, theft, or damage. Connect with me on Discord:   / discord