What are the key features of Web3 development?

Web3 development introduces decentralization and blockchain as key features. Unlike traditional Web2 systems, Web3 uses blockchain technology to allow peer-to-peer interactions without intermediaries. Key features include decentralized applications (dApps), smart contracts, and decentralized finance (DeFi). The decentralized nature enables users to control their own data, enhancing privacy and security. It also integrates tokens and cryptocurrency into digital platforms, allowing users to transact and exchange value in a trustless environment. Web3 is built on blockchain platforms like Ethereum, Polkadot, and Solana, with a focus on creating open, permissionless ecosystems. Developers focus on creating trustless systems, enabling greater transparency, efficiency, and control for users in comparison to centralized Web2 platforms.



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