Essential Web3 concepts
- Wallet: Your cryptocurrency wallet where you store different tokens such as Bitcoin, Ethereum, and Matic
- dApps: Decentralized applications running on blockchain-based protocols
- Blockchain: A decentralized protocol for Web3 projects
- Smart contracts: Snippets of programs on blockchain that execute when terms of the agreement are met
- IPFS: The InterPlanetary File System
- Non-custodial wallet: The service provider/browser doesn't store keys to your wallet. You have to remember your 12-word secret phrase to restore your wallet on another device.
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