Blockchain Basics
Your Complete Guide to Web3 Technology
What is Blockchain?
Blockchain is a distributed ledger technology that maintains a continuously growing list of records, called blocks, which are linked and secured using cryptography.
Key Features:
- Decentralization: No single point of control
- Transparency: All transactions are publicly verifiable
- Immutability: Once recorded, data cannot be altered
- Security: Cryptographic protection
Understanding Cryptocurrency
Cryptocurrency is digital currency that uses cryptography for security. Bitcoin was the first, created in 2009.
Popular Cryptocurrencies:
- Bitcoin (BTC): The original cryptocurrency
- Ethereum (ETH): Smart contract platform
- Binance Coin (BNB): Utility token
Smart Contracts and DApps
Smart contracts are self-executing contracts with terms written into code.
NFTs and Digital Ownership
Non-Fungible Tokens (NFTs) are unique digital assets representing ownership.
Getting Started with Web3
Web3 represents the next evolution of the internet, built on blockchain technology.
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