Look at the image above, the account address is not something I created but a token that can be accessed by everyone. What exactly is blockchain, I kept wondering and names like Web 3 only confuses and makes it look like it is something that will replace the web 2 infrastructure, but it is not so. What it actually is Database and blockchain only aspires to replace the database layer of Web 2 infrastructure while the UI/UX remain like Web2 apps.
But why to move from traditional database, well it is basically because the database is public and does not require any permissions. They do not require a centralized control or access rights.
As far as I have explored its applications are mostly centered around payments, trading and financial primitive.
I am open to be challenged about my understanding and at the same time really really looking to get more noise cleared around Web3.
