1.2 The Internet Requires New Ways of Communication and Transactions

With the rapid development of the internet, the ways in which people communicate and conduct transactions in the online world have continuously evolved. From early forms such as email and forums, to social media platforms and instant messaging tools, the internet has become an integral part of people's lives. However, with the rapid expansion of the online world, we face increasingly serious data security and privacy issues. To address these challenges, the internet needs to seek a new way of communication and transactions, in the form of the decentralized Web3 era.

In this new online environment, users will be able to better control their data and privacy, while enjoying a more convenient and secure experience of communication and transactions. Users will no longer rely on centralized platforms, but will communicate and transact through decentralized applications (DApps) and protocols.

Cryptocurrencies and token economies will provide a new way of transaction. Cryptocurrencies have the advantages of decentralization, security, reliability, and ease of cross-border transfers, making them an ideal tool for transactions in the online world. In addition, the token economy model will incentivize users to participate in the construction and governance of decentralized networks, achieving fair distribution of value.

Decentralized identity management systems will also change the way people communicate in the online world. By using a decentralized identity management system, users can communicate and transact without exposing their personal privacy, avoiding data leaks and abuse. In addition, smart contract technology will bring higher security and automation to online transactions, reducing the cost of trust.

The Web3 era not only brings new ways of communication and transactions to the internet, but also provides new opportunities for social and economic development and the globalization process. In this era, people can break through geographical and cultural boundaries, and together build a more harmonious and prosperous digital world.

In summary, from Web1 to Web3, the development of the internet constantly refreshes and upgrades the ways of communication and transactions. In the Web3 era, new ways of communication and transactions will provide us with a more fair, secure, and efficient online environment, bringing us a better digital life. Faced with new opportunities and challenges, we need to work together to create the future of the internet.