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ShibmetaCake is the combination between Shib token and Cake platform, there will encompass all kinds of DApps that are available to ultimately create several financial services for the users through Web3. Therefore, leading to passive financial income being generated through our highly secure staking function.
A standard web app, such as Uber or Twitter, runs on a computer system that is owned and operated by an organization, giving it full authority over the app and its workings. Multiple users may be on one side, but a single organization controls the backend. DApps can run on a P2P network or a blockchain network. For example, BitTorrent, Tor, and Popcorn Time are applications that run on computers that are part of a P2P network, whereby multiple participants are consuming content, feeding or seeding content, or simultaneously performing both functions. In the context of cryptocurrencies, DApps run on a blockchain network in public, open-source, decentralized environment and are free from control and interference by any single authority. For example, a developer can create a Twitter-like DApp and put it on a blockchain where users can publish messages. Once posted, no one including the app; creators can delete the messages.
DApps have been developed to decentralize and disintermediate various functions and applications. These include things from self-executing financial contracts to multi-user games and social media platforms. DApps have also been improved to facilitate secure, blockchain-based voting and governance; DApps can also be integrated into web browsers to function as plugins that can help serve ads, track user behavior, and solicit crypto donations.
Web3 is the term that Ethereum co-founder Gavin Wood coined to describe a better version of the internet. The primary aim of Web3 is to give back the internet power to the users instead of companies. To achieve this, Web 3 uses blockchain and cryptocurrency technology to create a form of ownership. The best way to describe the change that Web3 will make is to look at the past and present Internet era.
Web1 was just a read-only internet where users had no contribution or interaction. The Web2, which we are using presently, is a read-write form of the internet where individuals can interact and contribute to the internet. Web3 is a Read-Write-Own form of the internet where individuals can read, interact, and have some form of ownership of the internet.