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Web3 Terms, Meaning, Slang: Top Web3 Phrases to Familiarize Yourself With

Intermediate
web3
Mar 16, 2023
10 min read
0

Over the past few years, web3 has gained considerable traction among cryptocurrency investors, with promises of a clearer focus on blockchain technology and decentralization. While mass adoption and web3 integration will take time, the growth in this sector is still going strong. A few advantages of web3 include more solid user accountability, better security, uplifting financial interoperability and decentralization, and eliminating intermediaries. 

Like it or not, web3 is here to stay and transform. With the rise of business projects involving decentralized internet and blockchain, it only makes sense for us to keep up with the industry, starting by familiarizing ourselves with web3’s current terminologies. 

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