How Web 3 is different? - Sigwo Technologies

Instead, web3 applications either run on blockchains, decentralized networks of many peer-to-peer nodes (servers), or a combination of the two that forms a cryptoeconomic protocol. These apps are often referred to as dapps (decentralized apps), and you will see that term used often in the web3 space.

To achieve a stable and secure decentralized network, network participants (developers) are incentivized and compete to provide the highest quality services to anyone using the service. Incentivization is not always at the application level. We at Sigwo Technologies build these incentivized applications for your business or internet service as well as rewarding infrastructure participants, or node operators, to provide the decentralized network for the operational framework.