What is Web3 technology?

Web3 is a vision for a version of the Web that is decentralized and collectively owned. Web3 technology is built on decentralized databases that require majority consensus for any change or update. To summarize how Web3 differs from previous Web technology: Web 1.0 is read: Users can obtain data on the Web but cannot interact with it.

Why is Web3 a security problem?

Web3 makes it difficult to issue fixes for security issues once they are identified. Because Web3 is built on decentralized network consensus, any changes have to be approved by the network at large. This is perhaps the biggest security challenge for Web3.

Is Web3 more secure than Web 2.0?

While the underlying principles of Web3 make it more secure than Web 2.0 in some respects, like any technology it introduces its share of security risks. Some of the security gaps come from the way Web3 and Web 2.0 architectures interact; others are inherent to how protocols like blockchain and IPFS function.

Is Web3 decentralized?

In theory, Web3 is completely decentralized, and any connected node on the network can interface directly with stored data. In practice, Web3 application front-ends will still need to rely on Web 2.0 technologies that user endpoints can interact with easily.