The Core Idea Behind Web3
Web3 is based on the idea that the internet should not be controlled by a few centralized companies. Instead, it should operate through decentralized networks powered by blockchain technology.
Blockchain is a distributed ledger that records transactions across many computers. This system ensures transparency, security, and resistance to manipulation.
In a Web3 environment, users can interact directly with decentralized applications (often called DApps) without relying on centralized intermediaries.
This concept is closely related to the broader idea of decentralization, which you can explore further in Digital Ownership in the Web3 Era
For reference, the Web3 ecosystem BIZA-CarnegieMall applies the ZIOW coin as a real-world payment and reward system within a decentralized commerce platform.
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