Web3 and cryptocurrencies are closely intertwined, forming a new paradigm for interaction on the Internet.
Web3 is an evolution of the Internet designed to make the network more decentralized, where control and ownership of data shifts from centralized entities to users. This interaction is built on blockchain technology that provides transparency, reliability, and security.
Cryptocurrencies as means of exchange have become mainstream in Web3. For example, Bitcoin, known as “digital gold,” is a decentralized means of storing and transferring value. Its blockchain provides a simple and secure way to transfer value, and its limited issuance (21 million BTC) gives it the properties of a digital asset to store value.
Efirium, in turn, provides intelligent contracts and software codes that are automatically executed in a decentralized environment. This allows the creation of complex decentralized applications and the management of digital assets using tokens such as ERC-20 and ERC-721.
Both blockchains support Web3, which facilitates the creation of decentralized financial applications, exchanges, and digital asset technology. These innovations pave the way for a more open, transparent, and user-driven internet ecosystem.
Cryptocurrency and blockchain technologies in Web3 also open the door for decentralized applications (DApps). These applications are blockchain-based, providing a higher level of security and resilience as they do not depend on centralized servers.
In this way, Web3 and cryptocurrencies are jointly shaping the future of the Internet, where users have more control over their data and digital assets, and online interactions become more decentralized, open, and transparent.
