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Different pieces of the new Internet are born as building blocks, but there’s no way for them to work together.
Even interoperating new technologies with old centralised resources can prove useful in making the paradigm shift from Web 2 to Web 3 happen. Now we own our data, we can prove that we own what we have and have created it on different platforms, but how do we put it together into a whole new cohesive framework.
Decentralized cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is defined when the system is created and which is publicly known.
In centralized banking and economic systems such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units of fiat money or demanding additions to digital banking ledgers.
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