Web 3.0 provides a far more personalised browsing experience for all of us. Websites can automatically customise themselves to best fit our device, location and any accessibility requirements we may have and web apps will become far more attuned to our usage habits.
We all know about decentralized apps and platforms but a few of cryptocurrency enthusiast know about Decentralized social networks.
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Non Fungible Tokens (NFT) are both physical and digital assets that are tokenized by assigning them a unique value.
The benefits mentioned in NFTs are made feasible by the link with Blockchain technology.
The Blockchain network is totally decentralized, and when blockchain integration occurs with the NFT, the NFT acquires the decentralized character.
As a result, NFTs are both secure and private.
Dapps are Decentralized Applications that run on peer-to-peer networks or the blockchain.
A standard app runs on a centralized server, while a decentralized app runs on a p2p network.
Every record of operation, including the application’s data, must be stored on a decentralized platform.
This is crucial to avoid a central point of failure.
The decentralized Ethereum application must be autonomous, which means no centralized authority should have control over its majority of tokens.
Also, if the developers make any contribution, they should be rewarded in the application’s tokens.