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Wednesday, October 28, 2026 · Global Edition
L4 News
BLOCKCHAIN · WEB3 · ASSETS
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L4 News

Web3

Decentralized identity, storage, governance and finance examined for what they gain and what they cost against the ordinary services they aim to replace.

Four-step infographic showing an escrow smart contract releasing funds automatically
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.

Diverse adults explaining hand-drawn diagrams at a community Web3 workshop
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.