
Web3
What is a smart contract?
A smart contract is code on a blockchain that executes agreed terms by itself. The automation is real — and so are the bugs.
Decentralized identity, storage, governance and finance examined for what they gain and what they cost against the ordinary services they aim to replace.

A smart contract is code on a blockchain that executes agreed terms by itself. The automation is real — and so are the bugs.

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.