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Binance’s CEO claims that Web3 controls, pays low fees, and maintains privacy and dignity

The Cryptocurrency Industry Could Be Killed by India's Taxes as per Binance CEO

The CEO of Binance Changpeng Zhao recently tweeted the difference between Web2 and Web3.

Replying to a follower, he said that in Web2, everything is free, but in Web2, people are the product and they are being sold.

Whereas Web3 takes control back, pays low fees, and keeps privacy and dignity.

Features of Web 3.0

  • The use of artificial intelligence in Web 3.0 allows for quicker and more accurate results, as well as access to real-time information.
  • In addition, Web 3.0 allows users to make use of 3D graphics and images.
  • Semantic Web functionality is another key component of Web 3.0. As a consequence, in Web 3.0, both robots and people will have easy access to, and analysis of, data.
  • In Web 3.0, privacy and security are two of the most significant characteristics.
  • In order to protect user identity and data, Web 3.0 utilizes distributed ledger technology and encryption techniques.

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