Standard explanation: "Blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies."
Simple understanding: "Blockchain is essentially a decentralized distributed database."
Blockchain
Web3, or Web 3.0 for short, is the latest generation of the Internet that is evolving to create a more decentralized, secure and transparent Internet.
The application scope of blockchain technology continues to expand, from the field of digital currency, to the trading of financial derivatives, risk management, to supply chain finance and other fields, all have a wide range of application prospects.
Globally, environmental pollution and climate change have become very serious problems, and solving them requires joint efforts in various fields. In recent years, with the development of blockchain technology, it has started to be widely used in the field of environmental protection.
Do you find Ether fees expensive and slow? Maybe Layer 2 will be an important solution to the current problems of Ether in addition to other blockchains and ETH 2.0.
With the increase in data breaches, the need for secure data storage has never been more urgent. Blockchain technology offers a solution to this problem, providing unparalleled data security and privacy.
The Internet surprised us again with blockchain. We often hear words about cryptocurrency, bitcoin and other crypto related topics. If you want to know, "What is blockchain?" or "How does blockchain work?" you have come to the right place. In this article, we will learn all about blockchain, including its working principle and how to use it in our daily life.
Since the launch of the white paper in 2008, Bitcoin has received unprecedented attention, especially since the first transaction of Bitcoin and its ten million fold increase in ten years, every sharp rise and fall of Bitcoin has become the focus of attention and caused huge controversy.
Blockchain technology is an Internet database technology that is characterized by decentralization, openness and transparency, where everyone can participate in the database records, and it can also be applied in a variety of different fields.
Although a variety of cryptographic assets focus more directly on privacy through technology, there are still many possible ways to increase the privacy of Bitcoin, including point-to-point transactions. In the field of encryption, some familiar privacy assets include Monero (XMR), Zcash (ZEC), Verge (XVG), Beam and Grin. Dash is also on the list because it allows for increased anonymity, although the currency is not technically classified as a private asset.