Blockchain in Web3 provides decentralized data storage, security, and immutability of records. It supports the operation of smart contracts and decentralized applications (dApps), ensuring transparency and trust.

Decentralization in Web3 is the distribution of control and data across multiple nodes (computers) in the network, instead of centralized servers. This ensures security, transparency, and user autonomy.

Web3,  represents the next evolution of the internet. The main ideas and concepts of Web3 include:

Decentralization
Blockchain
Smart Contracts
Cryptocurrencies
Decentralized Applications (dApps)
DeFi (Decentralized Finance)
NFT (Decentralized Finance)

Hi! I'm an enthusiast of Web3 and cryptocurrency. Sharing news, trends, and my discoveries in the digital world.

AlanBorger

@alanborger