What is an example of a Web 3.0 application?
What is an example of a Web 3.0 application?
A Web 3.0 application is characterized by its use of decentralized technologies, particularly blockchain. Bitcoin, being a digital currency that operates on a decentralized network, exemplifies this. It allows for secure, transparent, and anonymous transactions without relying on a central authority. This decentralization and reliance on blockchain technology make Bitcoin a quintessential example of a Web 3.0 application.
As quoted below from the study guide blockchain is web 3.0 Admins can you please check and if needed correct the answers?
I mean ... this is two questions in a row that are just simply wrong answers and the people who got this far down the list, contributed/payed for the content.
Answer is B Study Guide page 15 "Specific technologies that are evolving and beginning to form the foundations of Web 3.0 include: * Blockchain is essentially a data structure containing transactional records (stored as blocks) that ensures security and transparency through a vast, decentralized peer-to-peer network with no single controlling authority. Cryptocurrency, such as Bitcoin, is an example of a blockchain application."
Bitcoin is an example of a Web 3.0 application. Web 3.0 is often referred to as the decentralized web, where applications are built on blockchain technology that allows for greater security, privacy, and user control. Bitcoin is a digital currency that operates on a decentralized network, allowing for secure and anonymous transactions without the need for a central authority. It represents one of the earliest and most well-known examples of a Web 3.0 application.
Bitcoin is an example of a Web 3.0 application. Web 3.0 is often referred to as the decentralized web, where applications are built on blockchain technology that allows for greater security, privacy, and user control. Bitcoin is a digital currency that operates on a decentralized network, allowing for secure and anonymous transactions without the need for a central authority. It represents one of the earliest and most well-known examples of a Web 3.0 application.