Web3's core advantage is verifiability - users can verify how systems actually operate. This feature explains why many within and outside the crypto industry describe web3 as a step towards a more transparent and verifiable internet.
Unlike Web2 platforms like Facebook or Instagram, where algorithms and rules remain opaque even when documented, crypto protocols are designed for complete auditability. This stark difference emphasizes the need for transparency in digital interactions.
Verifiability ensures that systems are accountable and, in many cases, guarantees that protocols function as intended. This principle highlights the importance of minimizing centralization, as it often leads to opaque, unaccountable mechanisms.
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