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Stephen Downes

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WTF is Web3?

Kayleigh Barber, Digiday, Jan 25, 2022

Another introduction to web3. The core idea of web3 is that you can publish articles on a decentralized network, recording ownership and links on the blockchain. This has naturally led to a frenzy of speculation about how web3 is the future of web monetization. But you can have a decentralized independent web without exchanging digital coinage. And the big thing about web3 has nothing to do with money; it has to do with identity. "On web3, your access credentials are not based on a username or password, but is based on cryptographic proof of you are who you are, and that proof is the same for any and all websites or platforms users access."

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Stephen Downes Stephen Downes, Casselman, Canada
stephen@downes.ca

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Last Updated: Apr 26, 2024 07:06 a.m.

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