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Decentralized internet using web3 smart contracts? (www.youtube.com)

submitted 2 months ago* (last edited 2 months ago) by TheGiantKorean@lemmy.world to c/technology@lemmy.world

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Edit: I was just looking for someone to explain this. I literally know nothing about web3 and very little about crypto. It sounded interesting, but maybe it's just dumb.

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[–] hendrik@palaver.p3x.de 4 points 2 months ago* (last edited 2 months ago)

It's some crypto blockchain stuff. You can store information (and computer code) in them, not just money transactions. I doubt it's a huge thing in general. Could be a huge step forward for that specific project, though. We've been doing blockchains for quite some time now. And additionally we have peer to peer networks and other decentralized internet projects like IPFS an a buch of others without blockchains, and some other like Ethereum and this one with web3 technology, smart contracts and all the other buzzwords. All of that has been around for some time now. Decentralized networks exist for decades already.

I'm not sure what this is about. Could be something legit or just some hype by some person. The hello world page doesn't impress me much.