✅ Uniswap Twitter: https://x.com/Uniswap
✅ Aave Twitter: https://x.com/aave
✅ ens Twitter: https://x.com/ensdomains
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👉 Best Hardware Wallet (Trezor): https://crypto-mind.org/Trezor
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https://www.youtube.com/watch?v=sU2D6QqLuuM
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https://www.youtube.com/watch?v=sWPM7vPAn5E
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Links mentioned in the video:
✅ Best Hardware Wallet (Ledger Nano): https://crypto-mind.org/Ledger
✅ Best Hardware Wallet (Trezor): https://crypto-mind.org/Trezor
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🎯 Welcome to our What Is Web3 Video!
What is Web 3? Web 3, often referred to as the decentralized web, is a revolutionary evolution of the internet that emphasizes decentralization, blockchain technology, and user ownership. Unlike Web 2.0, which relies on centralized servers and corporations to manage data, Web 3 aims to give users more control through decentralized networks powered by blockchain. Key aspects of Web 3 include cryptocurrencies, smart contracts, decentralized applications (dApps), and a user-centric approach to privacy and security.
This shift is reshaping industries such as finance, gaming, healthcare, and supply chain management by enabling trustless and permissionless systems. Web 3 technologies like Ethereum, NFTs, and DeFi platforms are paving the way for a more transparent and equitable digital future. Dive into the world of Web 3 to explore how it’s transforming the internet into a decentralized ecosystem.
Uniswap is a leading decentralized exchange (DEX) built on the Ethereum blockchain, enabling users to trade cryptocurrencies without intermediaries. It uses an Automated Market Maker (AMM) model to facilitate token swaps, providing liquidity pools that reward liquidity providers with fees.
Aave is a decentralized finance (DeFi) platform that allows users to lend and borrow cryptocurrencies in a trustless manner. It leverages smart contracts to enable peer-to-peer financial transactions.
Features and Strengths:
Lending and Borrowing: Users can deposit assets to earn interest or borrow funds by providing collateral.
Flash Loans: Innovative feature allowing uncollateralized loans if repaid within the same transaction.
Multi-Asset Support: Supports a wide range of assets, including stablecoins.
Governance: Community-driven platform through the AAVE token, enabling users to vote on protocol upgrades.
ENS simplifies the use of blockchain addresses by replacing complex alphanumeric wallet addresses with human-readable names (e.g., “yourname.eth”). It enhances user experience by making cryptocurrency transactions more intuitive.
Features and Strengths:
Domain Name Registration: Users can register unique “.eth” domains linked to their wallets.
Cross-Platform Use: Compatible with various wallets and dApps, enhancing usability across the Ethereum ecosystem.
🔥 I hope you find value in our What Is Web3 Video!
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⏰Timestamps⏰
00:00 Intro
00:11 Investopedia
00:32 what is web3
05:22 Summary
05:35 Outro