Web3 represents the next evolution of the internet, a decentralized and more secure version of the web that aims to give users greater control over their data and online interactions. Unlike the current web (Web2), which is dominated by large corporations that control vast amounts of data and digital infrastructure, Web3 leverages blockchain technology to create a more open and equitable digital landscape.
Web3 represents a significant shift towards a more decentralized, secure, and user-centric internet. By leveraging blockchain technology and prioritizing user control and privacy, Web3 has the potential to reshape the digital landscape, fostering a more open and equitable online environment. As we move forward, the development and adoption of Web3 technologies will be key to realizing this vision of the future internet.
DeFi dapps let you swap, invest, earn, lend, borrow and insure financial assets directly with others users. Bankers are coded out: smart contracts automatically verify both ends of a transaction on the blockchain — slashing costs, overhead and bias.
Aave is a crypto-lending protocol. Crypto-holders can earn high interests by lending out. Borrowers can take out loans without credit checks by putting down crypto as collateral. In case of default, collateral is sold off to cover the loan.
