๐๐ฅ๐จ๐๐ค๐ฌ ๐๐ ๐๐ก๐๐ข๐ง๐ฌ ๐๐จ๐๐จ๐๐ฒ ๐๐จ๐ฅ๐ ๐๐จ๐ฎ ๐๐๐จ๐ฎ๐ญ ๐๐ง๐ ๐๐ก๐ฒ ๐๐ญ'๐ฌ ๐๐ฆ๐ฉ๐จ๐ซ๐ญ๐๐ง๐ญ ๐๐ง ๐๐ซ๐ฒ๐ฉ๐ญ๐จ/๐๐๐3 (65 ๐๐๐๐จ๐ง๐๐ฌ ๐๐๐๐!)
Whether Crypto, NFTs, DEFI, Metaverse, SociaFi etc
There's one important thing that powers them and makes them work.
It is called the Blockchain.
What then is Blockchain?
Blockchain is a digital ledger or database
that records and verifies transactions in a
secure & transparent way done by users.
Instead of relying
on a central authority to
validate transactions (like the banks),
Blockchain uses a network of computers to
approve and record each transaction. This
creates proof of records of all transactions,
which are what make the blockchain so
secure. And The key benefits of
blockchain include:
โช๏ธ Immutability
(means, once a transaction is recorded, it can't be altered or deleted)
โช๏ธ Transparency
(means, every transaction is recorded and available for anyone to see)
โช๏ธ Decentralization
(means, it's not controlled by any central authority like banks or the government)
These features highlighted above make
Blockchain a powerful tool for a wide
range of applications, including
Crypto, NFTs, DeFi, SociaFi.
and the likes as listed
above earlier.
Note: Without Blockchain, Crypto or Web3
applications wouldn't be possible! Got it??
That's a wrap for Day 2 of our 4-week of Crypto/Web3 Content.
Was this content easy for you to understand? Or what stood out for you most?
Let me know in the comment section.
๐ Kindly hit like ๐ if you find this content
easy and interesting in order to boost it.
๐ญ๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐? ๐ป๐๐๐ ๐ญ๐ถ๐ณ๐ณ๐ถ๐พ ๐๐
ยฉ Michael Akerele (#AwesomeMike)
#Web3 #crypto
#HDLifeCommunity
#bitcoin #blockchain
