We’ve had a blast attending this year’s 1st edition of Web3 Summit organized in Berlin. Researchers, developers, organizations and companies with hands-on experience in the Blockchain space gathered at Funkhaus to share their take on “how to create a fully-functional and user-friendly decentralized web”.
Day 1 at Web3 Summit in Berlin was all about … Web3; what it is, how it works, and why it matters. The day kicked off with an early introductory presentation on “Decentralization in the Information Age” with Aeron Buchanan from Web3 Foundation, following which Vlad Zamfir from the Ethereum Foundation gave a talk on “Governance in Web2 vs. Governance in Web3”. According to Vlad, “Governance is the process of establishing and maintaining the legitimacy of decision-making processes. It’s all about decisions and how we make decisions”. As opposed to Web2, where data silos and centralized servers are in control, Web3 is completely decentralized, catering to the next generation of the web.