UPBOX TECHNOLOGIES THE WEB 3

UPBOX was created from the union of the 3 most modern DeFi technologies existing in the world at the time of its creation: WEB 3.

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WHAT DOES WEB 3 MEAN?

Web3 is a set of technologies that represents a new milestone in the evolution of the internet. Its main premise is the decentralization of the Web, reinforced by concepts such as blockchain and digital tokenization, going against a scenario in which data and platforms are concentrated in Big Techs.


WHERE DID WEB 3 BEGIN?

The term was created by Gavin Wood, founder of the Ethereum blockchain platform, in 2014. It is worth highlighting that the concept is very abstract and, in some situations, still resides in the theoretical field. But, before understanding what this third stage means, it is necessary to define what came before.

Many of the Web 3 concepts are applied to cryptocurrencies, NFTs and other digital assets, so it is difficult to talk about one without mentioning the other. This stage of the web promises that everyone will be able to read, create and own digital properties online.

MAIN FEATURES OF WEB 3.

Web 3 has some important pillars that must be mentioned, among which we mention the main ones:

  • DECENTRALIZATION

    Decentralization creates independence from traditional Web structures, government bodies, banking systems, among other cases. The idea is to use blockchain hosting to create a free and borderless structure;

  • PRIVACY

    WEB 3 privacy allows users to have more control over their own data, in response to the strategy of using trackers and targeted advertising on social networks and other websites;

  • VIRTUALIZATION

    The virtualization created by WEB 3 expands the possibilities of actions in virtual space — the metaverse is one of the main examples currently found in this new universe.

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