Web3 — A vision for a decentralized web

This post introduces the concept of Web3 as the next evolution of the internet, building upon Web 1.0 and Web 2.0. It explains the core principles of decentralization, peer-to-peer networks, and blockchain technology, using Bitcoin and Ethereum as examples. The post discusses how these technologies enable decentralized applications (Dapps) and programmable blockchains as infrastructure for a distributed internet. It highlights the shift towards end-user control over data and the concept of decentralized identity, including Decentralized Identifiers (DIDs) and their application in proving ownership and identity. The post also touches upon Non-Fungible Tokens (NFTs) as a medium for conveying ownership. Finally, it outlines Cloudflare's role in supporting Web3 through its existing privacy initiatives and its platform capabilities.