Q. Consider the following statements regarding Web 3.0
1) It is a blockchain technology-based framework.
2) It will be a centralized system, controlled and monitored by an expert authority.
Select the correct answer using the codes given below
Answer: A
Notes:
Statement 1 is correct. Web 3.0 powered by blockchain technology can really be helpful in many ways. Using blockchain technology the speed of transactions can improve to astonishing levels. From 7 transactions per second (TPS) with Bitcoin in the initial days to 50000 TPS with Solana today, blockchain technology can really transform the course of the future of the internet and how we are accustomed to using it.
Statement 2 is incorrect. Web 3.0 refers to a new, improved, and democratized, internet ecosystem which will be free from any sort of central authority.
