Why Web3 is needed?

Web3’s structure

  • State Layer
  • Computation Layer
  • Component Layer:
    • Native currency
    • Crypto Assets
    • Crypto Goods: NFT
    • Identity
    • Stablecoins
  • Protocol Layer
    • Trading
    • Lending
    • Derivatives
  • Scalability/Transfer Layer
    • Payment channels
    • State channels
    • Side chains
  • User Control Layer
  • Application Layer

Web3’s advantage

  • Privacy & Security
  • Decentralized Storage
  • Identity & Reputation
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