Web3, Explained like ABC

Humor me, try Googling the word "Web3".

You’ll find many results, mostly filled with big tech jargon that makes it seem like you need a computer science degree to understand.

But here’s the truth:

even if you’re not technical, grasping the main idea behind Web3 is crucial.

This is especially true for investors, creators, and everyday internet users.

Web3 is changing how the internet works.

I'll break it down.

Web3 didn’t just pop up overnight.

It started with Bitcoin.

What is Bitcoin?

Bitcoin is a digital currency that lets people send money directly to each other, without banks.

Instead of trusting a bank, people trust a system called a blockchain.

What is a blockchain?

A blockchain is like a public notebook that:

• Records every transaction,
• Is shared across thousands of computers,
• And cannot be easily changed or hacked.

This means no single company controls the data; everyone shares and verifies it together.

Then Came Ethereum.

Five years after Bitcoin, Ethereum launched.

So… What Is Web3?

In simple terms:

Web3 is the version of the internet where users own their data, money, and digital assets. Instead of sending transactions through banks, apps, or corporations, you send them directly to a decentralized blockchain.

Web3 is about:

1. Ownership
2. Transparency
3. Freedom
4. Control returning to users

Instead of:

The platform owns your data.

Web3 says:

You own your data.