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Distributed Ledger: Once a block is verified and added to the chain, it is distributed to all nodes in the network. This creates a decentralized, distributed ledger that is publicly available and transparent.
Immutable: Once a block is added to the chain, it cannot be altered or deleted. This makes the blockchain a secure and tamper-proof ledger, as any attempt to change the data in a block would require changing the hash of all subsequent blocks, which is computationally infeasible.
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Web2, on the other hand, refers to the second generation of the World Wide Web, where the focus was on creating a more interactive and user-friendly web.
In web2, dynamic websites and social media platforms emerged, and the internet became more accessible to a wider range of people. However...
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I have Recently Join DeSo Community.
"DeSo is a new layer-1 blockchain built from the ground up to decentralize social media, and scale storage-heavy applications to billions of users."
It has Motive to "to scale one of the biggest untapped markets for blockchain: Social Media...
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Yes, you can still be a part of the web3 and blockchain ecosystem without investing. Here are Ways to do so:
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In a token economy, digital assets, called tokens, are used as a form of currency within decentralized applications and platforms. These tokens can be bought, sold, and traded, and they serve as a means of exchange within the platform. They can also be used to access certain services or products ...
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Web3 aims to create a decentralized and more secure internet, while web2 is characterized by centralization and control of user data by a few large corporations.
Which obviously Threatens One's Privacy and Security in WEB 2.
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Blockchain technology is a decentralized, distributed ledger that records transactions across a network of computers. It was first introduced as the underlying technology for Bitcoin, but it has since been adopted for a variety of other uses.
It allows for secure and transparent tr...
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Transactions: It is initiated when a user requests to transfer an asset to another user.This transaction is then broadcasted to the network.
Blocks: The transactions are grouped together into blocks and verified by nodes,or computers,in the network.This ver...
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In a decentralized system, decisions are made through consensus, where the network reaches agreement on the state of the ledger and the validity of transactions. This helps to ensure that the network is secure and that all users have an equal say in how the network operates.
Overall, decent...
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Web3 refers to the 3rd Gen of the World Wide Web, where the focus is on a decentralized and more transparent internet. In web3, the power is shifted from central authorities to the users ...
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Decentralization: One of the key features of web3 is decentralization, which means that the data and applications on the internet are not controlled by a single entity. Instead, they are distributed among a network of nodes.
Blockchain Technology
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Anything that can conceive of as a supply chain, blockchain can vastly improve its efficiency- it doesn’t matter if its people, numbers, data, money.
Ginni Rometty, CEO IBM
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卐 || एकं सत विप्रा बहुधा वदन्ति || Enthusiast || Collection Of Some Best Reads || Decentralizing...
It's Time to Get Decentralized. DeSo Community Can help But before that Let's Understand What Decentralized, Blockchain Technology , Token Economy mean and What is WEB 3 for Learners. Trusting You may Love It. Do check My Bio and Follow me. Sources of Info , DeSo,Videos bit GPT and Random Sites..
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