The blockchain is a constantly growing list of information. That information is in blocks, and all these blocks are linked together. Each block matches the preceding and following, and the information that the middle block contains is encrypted by an algorithm using a cryptographic function called hash. This makes this information inviolable. It is a secure, open and public database.
Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved.
Learn some basic contents of Blockchain by clicking 'Start' button below!
Web 3 is decentralised. This means the network runs on millions of computers worldwide, not some localised data centres owned by companies. This decentralised network is inspired by the blockchain — the technology behind Bitcoin and cryptocurrencies.
Applications built with Web 3 protocols — known as dapps (decentralised apps) — cannot be shut down by entities, corporations, or governments. Anyone with a computer can take part in running the network.
In Web 3, users and builders alike can earn money and make a good living. This is possible because dapps and other Web 3 services are powered by cryptocurrency tokens. Every time you use, improve, and interact, you earn tokens. The more you participate, the more tokens you accumulate. The tokens you earn will appreciate. You can either hold onto your earnings or exchange them against fiat currencies.
Because Web 3 is built on the principle of shared ownership, everyone has “skin in the game”. When a Web 3 platform grows and succeeds, all win, not just a select few. In Web 3, you are a user, a creator, but most importantly, an owner.