What Is Web3 and Why Do Crypto Wallets Matter?
The internet has changed significantly over the years. Web1 was mainly about reading information, while Web2 introduced interactive websites, social media and online services where users could create and share content. Web3 is often described as the next stage of the internet. It aims to give users more control over digital assets, online identities and interactions through blockchain technology. One of the most important tools in this environment is the crypto wallet. A wallet does not simply hold cryptocurrency. It can also act as a way for users to connect with blockchain-based services and manage their digital assets. But what exactly is Web3, and why are crypto wallets so important to it? What Is Web3? Web3 is a broad term used to describe an internet built around decentralised technologies such as blockchains, cryptocurrencies and smart contracts. A blockchain is a shared digital record that can store information and record transactions. A smart contract is a programme stored on ...