what are the core features that set it apart from traditional banks?

 Thanks for the detailed response! It really helps clarify how Web3Bank is different from what we're used to with traditional banking. The emphasis on user control and transparency is particularly appealing. I appreciate you taking the time to break down those features so clearly!

Web3Bank fundamentally differs from traditional banks in several key aspects. Firstly at https://web3bank.io/ , it operates on decentralized blockchain technology, which means users have more control over their funds and data. Unlike traditional banks that hold your money and personal information, Web3Bank allows you to retain ownership of your assets through private keys . Another essential feature is its focus on transparency; every transaction is recorded on the blockchain, making it easy to verify and trace funds without the need for intermediaries. Additionally, Web3Bank often supports smart contracts, enabling users to automate transactions and agreements, adding a layer of efficiency. Furthermore, many Web3Banks offer decentralized finance (DeFi) services, such as yield farming and staking, which can provide better returns compared to standard savings accounts. Lastly, users can access their accounts from anywhere, eliminating geographical restrictions commonly found in traditional banking. Overall, Web3Bank represents a significant shift in how we think about banking, empowering users with more freedom and financial opportunities.