Web3 architecture refers to the foundational structure that supports decentralized applications (dApps) on the internet. Unlike traditional web systems where data and control are centralized, Web3 emphasizes user ownership and privacy.At its core, Web3 utilizes blockchain technology, enabling trustless interactions between users without intermediaries. This approach means transactions and data are securely recorded in a distributed ledger, making manipulation or censorship difficult.Smart contracts are also a key component, allowing self-executing agreements programmed to trigger automatically when certain conditions are met. This adds a layer of automation and transparency.Web3 architecture often incorporates decentralized identity solutions, enabling users to manage their identities without relying on a central authority. This empowers individuals to control their data, enhancing privacy and security.The overall goal of Web3 architecture is to create a more open, user-centric internet that prioritizes autonomy and democratization, moving away from the dominance of large corporations and centralized services.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to