How does web3 differ from ethers in the world of digital currencies?

3 answers

• li huaJun 14, 2023 · 2 years ago
  Web3 and ethers are both important concepts in the world of digital currencies, but they have distinct differences. Web3 refers to the next generation of the internet, where decentralized applications (dApps) can be built on blockchain platforms. It enables users to interact with these dApps through their web browsers, without the need for intermediaries. On the other hand, ethers is the native cryptocurrency of the Ethereum blockchain. It is used as a medium of exchange and a store of value within the Ethereum ecosystem. While web3 focuses on the infrastructure and technology behind decentralized applications, ethers is specifically related to the financial aspect of digital currencies.
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• ilamuruganAug 06, 2021 · 4 years ago
  Web3 and ethers are like two sides of the same coin in the world of digital currencies. Web3 represents the decentralized nature of blockchain technology, allowing for the development of innovative applications that can disrupt traditional industries. Ethers, on the other hand, is the fuel that powers these applications on the Ethereum network. It is used for transactions, smart contracts, and as a unit of account within the Ethereum ecosystem. So, while web3 is the framework that enables decentralized applications, ethers is the currency that fuels their operation.
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• Daniella Nicole FranciaJan 15, 2021 · 5 years ago
  When it comes to digital currencies, web3 and ethers play different roles. Web3 is a broader concept that encompasses the entire ecosystem of decentralized applications and blockchain technology. It includes protocols, standards, and frameworks that enable the development and interaction with these applications. On the other hand, ethers is a specific cryptocurrency that is used within the Ethereum network. It has its own value and can be traded on various exchanges. So, while web3 is about the infrastructure and possibilities of decentralized applications, ethers is the currency that powers these applications and enables transactions within the Ethereum ecosystem.
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