Which statement best describes the concept of Web3?

A vision of a more centralized web that’s controlled by large tech companies

A version of the internet that restricts user accessibility and security

A vision of a more decentralized web that empowers users

A theoretical concept without any tangible infrastructure


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Explanation: The correct answer is A vision of a more decentralized web that empowers users. Web3 represents a paradigm shift from the traditional centralized model of the internet, where power and control are concentrated in the hands of a few large tech companies, towards a more decentralized architecture. In this vision, users have greater ownership and control over their data, identities, and online interactions. Blockchain technology plays a central role in enabling this decentralization by providing transparent, tamper-proof, and distributed ledgers that remove the need for intermediaries and foster trust among network participants. Through Web3, users can engage in peer-to-peer transactions, access decentralized applications (dApps), and participate in decentralized autonomous organizations (DAOs) without relying on central authorities. This shift towards decentralization aims to promote transparency, privacy, security, and user sovereignty, ultimately empowering individuals to have more agency and autonomy in their online experiences. While Web3 is still evolving and its full potential is yet to be realized, it represents a promising direction for the future of the internet, emphasizing principles of openness, inclusivity, and empowerment.

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