#60 days challenge of web3
Blockchain
Blockchain is a digital system for recording and storing information, especially transactions in a way that is shared, transparent, and difficult to change.
Think of it like a digital notebook shared by thousands of computers
A transaction happens.
๐ฆTransactions are grouped into a block.
๐ The block is connected to previous blocks, forming a chain.
Many computers (nodes) keep copies of the blockchain.
๐ Cryptography helps protect the records.
Simple example
If A sends 1 BTC to B, the transaction is verified by the Bitcoin network and recorded on the blockchain. Once confirmed, it becomes part of the permanent transaction history.
Blockchain โ cryptocurrency.
Blockchain is the technology.
#trustchainaccAdechallenge
#60DaysWithTrustchainAcademy
Use of Blockchain technology
Blockchain is a technology used to store and share information securely without needing one central authority.
Main uses of Blockchain
๐ฐ Cryptocurrency powers Bitcoin, Ethereum, and many other digital assets.
__๐ธ Payments & money transfers can allow people to send value directly to each other, often across borders.
__๐ฆ Supply chain tracks products from the manufacturer to the customer.
__Digital identity :can help people control and verify certain identity information.
_& NFTs: records ownership of digital items such as art, collectibles, and in-game assets.
__ Smart contracts: automatically execute agreements when predefined conditions are met.
__Records & verification : can create tamper-evident records that are easier to verify.
__ DeFi : enables financial services such as lending, borrowing, and trading through blockchain-based protocols.
#TrustchainAcademyChallenge
#60DaysWithTrustchainAcademy
#60 days challenge of web3
Blockchain
Blockchain is a digital system for recording and storing information, especially transactions in a way that is shared, transparent, and difficult to change.
Think of it like a digital notebook shared by thousands of computers
A transaction happens.
๐ฆTransactions are grouped into a block.
๐ The block is connected to previous blocks, forming a chain.
Many computers (nodes) keep copies of the blockchain.
๐ Cryptography helps protect the records.
Simple example
If A sends 1 BTC to B, the transaction is verified by the Bitcoin network and recorded on the blockchain. Once confirmed, it becomes part of the permanent transaction history.
Blockchain โ cryptocurrency.
Blockchain is the technology.
#trustchainaccAdechallenge
#60DaysWithTrustchainAcademy
Evaluation of internet,
We have:
Web1.0
Web2.0
Web3.0
Now let us talk about web1
Web1.0 is the earliest version of internet, mainly used from the 1990 to 2000. Web1 was the early stage of the internet where users can only read information , there is no interaction in web1 , you can only read the information
#TrustchainAcademyChallenge
#60DaysWithTrustchainAcademy