Understanding Web3

Web3 is the next evolution of the internet, enabling decentralized applications, smart contracts, and blockchain technology. This quiz will test your knowledge of the fundamental concepts of Web3.

What are smart contracts in the context of Web3?

Traditional Legal Contracts

Self-executing Contracts

Oral Contracts

Which technology is the foundation of Web3?

Blockchain

Cloud Computing

Artificial Intelligence

What is the primary feature of Web3?

Decentralization

Centralization

Hybridization