A blockchain is a public ledger of information collected through a network that sits on top of the internet.

Cryptocurrency, or crypto as it is known in the community, is the monetary aspect of a blockchain network. Crypto holds various functions and can be used for more than just making transactions. The greater the utility and overall necessity of a cryptocurrency is what drives the price up or down depending on how many users purchase, hold, and sell their coins.

Web3 is meant to make the infrastructure of the web more secure and our lives on it more independent.

Through this article, we are going to look at the major differences between Web2 and Web3. We will also explain why Web3 matters.

Web3 applications are independent applications that can be built through a layer 1 protocol like Lisk.