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Web3
Privacy
A name for apps built on blockchains and wallets.
Definition
Web3 is a term for internet apps that use blockchains, wallets, and decentralized systems.
In plain English
A name for apps built on blockchains and wallets.
Why this matters
Why it matters: It can reduce reliance on central platforms, but it can also make activity more traceable on public ledgers.
Example
Example: You sign into a Web3 app using a crypto wallet instead of a password.