How Web3 resolves fundamental problems in Web2
For mainstream adoption of Web3, prevalent challenges need to be dealt with. These include centralized infrastructure, lack of regulatory clarity and rug pulls.
While Web3 is perceived to be decentralized, developers integrate Web3 applications with Web2 protocols to make them work. This creates a scenario where functioning of decentralized applications is hinged to a centralized infrastructure.
Data ownership
Data security
Unfair censorship
Financial freedom
Transparency
Automation
Creator economy
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