Web3
What does Web3 actually mean?
Web3 is a 2014 coinage for an internet run on blockchains — loved, funded, and fought over. Here is what it actually claims, minus the hype.
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Web3
Web3 covers applications built on public chains: identity systems, decentralized storage, governance organizations and on-chain finance. Each gets measured against the centralized alternative on cost, speed, censorship resistance and failure modes. Written for builders and evaluators deciding whether a use case genuinely benefits from decentralization.
Decentralized identity, storage, governance and finance examined for what they gain and what they cost against the ordinary services they aim to replace.