What Is Blockchain? How It Works and Why It Matters in Web3
At its core, blockchain is a shared digital ledger. A way of recording information so that it can’t easily be changed, erased, or controlled by a single company or server. Every piece of data on a blockchain is recorded in a way that all participants on the network can see, verify, and agree on.
Because of this shared and distributed nature, blockchain doesn’t require a central authority like a bank or a server to keep records straight. That’s partly why it’s become so important to Web3. The next chapter of the internet where people interact directly with decentralized applications and digital assets without relying on big intermediaries.
Because of this shared and distributed nature, blockchain doesn’t require a central authority like a bank or a server to keep records straight. That’s partly why it’s become so important to Web3. The next chapter of the internet where people interact directly with decentralized applications and digital assets without relying on big intermediaries.