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.
A recent study proposes a new blockchain consensus proof-of-work (PoW) scheme that relies on quantum computing techniques to verify consensus.
The core of the sharing economy is sharing-based transactions, and blockchain is the decentralized way to achieve the security and transparency of transactions.
Today is a dynamic time for those who make and love music. The digital revolution has civilianized the means of creating music: anyone can record a sound that can be shared with anyone around the world.
The first application of blockchain is Bitcoin. Blockchain has become the promoter of "decentralized currency Internet" by providing power for cryptocurrency. By providing transparency, accountability, immutability and security, the blockchain soon triggered an influx of more cryptocurrencies. Today, we have more than 10000 different cryptocurrencies in circulation.
With the emergence of the COVID-19 outbreak across the U.S., news of improvements to the U.S. healthcare system and the ability to treat the disease appeared in the media headlines, and people began to take the initiative to learn more about the new coronavirus on the Internet out of fear of the disease.
More and more companies are turning to blockchain in order to improve their supply chain production processes.
In the cryptocurrency world, consensus mechanisms are protocols and algorithms that enable computer networks to work together to ensure network security. 51% of the nodes in the network must agree on the global status of the network in order to reach a consensus.
Blockchain technology strings together a silo of information, it's time to say goodbye to cumbersome airport security.
