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Blockchain Technology Blockchain technology uses a digital ledger to register transactions over an internet network. Because of its decentralized design, the chain is transparent and cannot fraud because no one re-edit the transaction. Blockchain, once related only to digital currency like Bitcoin, is now widely used in industries like real estate, healthcare, and transportation, which ...
For Web3, blockchain is similar to a tree's roots. It is the basis that keeps the entire web3 world, providing security and a decentralized system. The following explains how blockchain is essential to Web3 development: • Decentralization: Blockchain is decentralized, which means that no single entity controls it. Creating a user-owned internet is the primary objective of Web 3. ...
