Is Web3 Really Decentralized? What is Web 3.0? The best way to define Web 3.0 is to call it a “decentralized web” hosted on the blockchain which supports decentralized applications (DApps), decentralized finance (Defi), and cryptocurrencies, assets, and tokens. It is different from Web 2.0. in the sense it offers more privacy and self-governing capabilities. Users of decentralized Web 3.0
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