What is the web 3 movement about? - Crypto in Plain English – Episode 15 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it18 Okt 2021

What is the web 3 movement about? - Crypto in Plain English – Episode 15 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Today: We explain why everyone is excited about Web 3

To understand Web 3, let’s first talk about what got us here: Web 1 and Web 2

Web 1 refers to the early “read-only” web. Sites like Yahoo that served static content to you or businesses like Amazon that moved physical businesses to a web page.

Web 2 was when users like you started interacting with sites, creating content. These were entirely new business concepts, like Facebook.

But there are problems: Companies need to make money for their shareholders and suddenly, you BECOME the product. They own YOUR content, and YOUR data, and can decide what they want to do with it. They have centralized control, even though YOU made them happen.

Web 3 turns that idea on its head: It DEcentralizes ownership and control. Imagine a new kind of Facebook: That project could issue a token instead of shares and users earn it for participating. Also that token gives them the rights to vote on future plans. If things are going well, more people will buy that token, driving the price up. And if they decide it’s going the wrong way, they can just sell, driving the price down.

And because everything is on the blockchain, every decision and vote are public and fully transparent.

We just scratched the surface here, but we hope that gives you a general idea of Web 3 and why people are excited about it.

And tomorrow: We’ll go through an example together for a deeper dive.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Avsnitt(373)

This new type of supercomputer will eventually break Bitcoin... and all kinds of other technology - Episode 341 - by cryptohunt.it

This new type of supercomputer will eventually break Bitcoin... and all kinds of other technology - Episode 341 - by cryptohunt.it

This new type of supercomputer will eventually break Bitcoin... and all kinds of other technology Welcome to the Cryptohunt Jam, where we spend a minute a day explaining what is happening in crypto an...

19 Jan 20233min

Can Sam Bankman-Fried actually get a fair trial? - Episode 340 - by cryptohunt.it

Can Sam Bankman-Fried actually get a fair trial? - Episode 340 - by cryptohunt.it

Can Sam Bankman-Fried actually get a fair trial? Welcome to the Cryptohunt Jam, where we spend a minute a day explaining what is happening in crypto and other game-changing ideas. As always: In plain ...

18 Jan 20232min

Amazon and Avalanche team up - Episode 339 - by cryptohunt.it

Amazon and Avalanche team up - Episode 339 - by cryptohunt.it

Amazon and Avalanche team up Welcome to the Cryptohunt Jam, where we spend a minute a day explaining what is happening in crypto and other game-changing ideas. As always: In plain English. AVAX, the c...

17 Jan 20233min

SBF is blogging now - Episode 338 - by cryptohunt.it

SBF is blogging now - Episode 338 - by cryptohunt.it

SBF is blogging now It’s Monday, Jan 16th - Welcome to the Cryptohunt Jam, where we spend a minute a day explaining what is happening in crypto and other game-changing ideas. As always: In plain Engli...

16 Jan 20233min

McDonalds is hungry for NFT attention - Episode 337 - by cryptohunt.it

McDonalds is hungry for NFT attention - Episode 337 - by cryptohunt.it

McDonalds is hungry for NFT attention It’s Friday, Jan 13th - Welcome to the Cryptohunt Jam, where we spend a minute a day explaining the intersection of exciting new technologies and your world. As a...

13 Jan 20233min

What does Netflix have to do with NFTs? - Episode 336 - by cryptohunt.it

What does Netflix have to do with NFTs? - Episode 336 - by cryptohunt.it

What does Netflix have to do with NFTs? It’s Thursday, Jan 12th - Welcome to the Cryptohunt Jam, where we spend a minute a day explaining the intersection of exciting new technologies and your world. ...

12 Jan 20233min

What's next for ChatGPT? - Episode 335 - by cryptohunt.it

What's next for ChatGPT? - Episode 335 - by cryptohunt.it

What's next for ChatGPT? It’s Wednesday, Jan 11th - Welcome to the Cryptohunt Jam, where we spend a minute a day explaining the intersection of exciting new technologies and your world. As always: In ...

11 Jan 20233min

What is the Bonk token - Episode 334 - by cryptohunt.it

What is the Bonk token - Episode 334 - by cryptohunt.it

What is the Bonk token It’s Tuesday, Jan 10th - Welcome to the Cryptohunt Jam, where we spend a minute a day explaining the intersection of exciting new technologies and your world. As always: In plai...

10 Jan 20232min

Populärt inom Business & ekonomi

framgangspodden
badfluence
varvet
rss-jossan-nina
rss-borsens-finest
rss-svart-marknad
uppgang-och-fall
rss-dagen-med-di
rss-inga-dumma-fragor-om-pengar
lastbilspodden
fill-or-kill
borsmorgon
avanzapodden
bilar-med-sladd
tabberaset
bathina-en-podcast
rss-veckans-trade
kvalitetsaktiepodden
rss-kort-lang-analyspodden-fran-di
svd-tech-brief