What is Web 3 and How Does it Work? Web 3, also known as the decentralized web, is a new type of internet built on distributed ledger technology (DLT). It is a revolutionary step in the evolution of the internet, as it allows for the development of applications and services that are completely decentralized, secure, and resilient. At its core, Web 3 is based on the concept of decentralization. It uses blockchain technology to create a distributed...