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The Big Picture
Web3 applications represent a fundamental shift in how we think about digital services:
- Instead of trusting companies, we trust the blockchain network
- Instead of giving up control, we maintain control of our data and assets
- Instead of being locked in, we can use our assets across different apps
- Instead of geographic restrictions, we have global access to services
This isn't just about technology - it's about creating a more fair, transparent, and user-controlled internet where you're not just a product being sold to advertisers.
Key Takeaways
- Web3 apps are decentralized applications that put you in control instead of companies
- Your digital wallet serves as your identity and secure storage for your assets
- Smart contracts are automated programs that handle business logic on the blockchain
- The frontend provides the familiar user interface that connects everything together
- NEAR Protocol makes Web3 apps user-friendly with low costs and fast transactions
- The future of Web3 apps focuses on user ownership, transparency, and global access
Understanding these fundamental concepts will help you navigate the world of Web3 applications, whether you're a developer looking to build them or a user wanting to understand how they work!
Quiz
Which statement best captures the ‘big picture’?
A. Web3 keeps the same trust model as Web2 but adds tokens.
B. Users gain control and rely on blockchain instead of centralized companies.
C. Web3 primarily focuses on faster webpages.
D. Web3 removes the need for wallets.