Blockchain Basics

August 13, 2025

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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Join the BlogThree community and start your journey into the decentralized future.

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mr.rixter
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