WHAT ARE WEB3 PROGRAMS?
Web3 programs, also referred to as decentralized applications (dApps), are applications built on the Web3 platform. Web3 is a distributed computing platform that uses a decentralized, peer-to-peer network of nodes to validate and process transactions. This means the applications running on the Web3 platform are able to operate without a central authority or a third-party service provider.
Web3 provides a framework for developers to build distributed applications using smart contracts and other distributed technologies. Web3 programs offer numerous advantages over traditional web applications that run on Web2. Web2 applications are centrally hosted and managed applications that rely on third-party services and centralized networks. Web3 programs, on the other hand, have no single point of failure and require the consensus of multiple nodes in order to validate and process transactions. Additionally, Web3 programs are more secure because they’re running on a distributed network, meaning they are less vulnerable to attack or corruption. Finally, Web3 programs allow users to transact directly on the platform, without needing an intermediary service or third party to facilitate the transaction.