(Originally Posted on October 10th 2023) Current Blockchains are like arcades, an area with all types of machines that take coins distributed by the arcade. Many of the machines spit out tokens that can be traded for rewards. The coins, tokens, and rewards all have a value but only in that specific arcade. The purpose […]
Category: Blockchain
What are the benefits of Web3?
(Originally Posted on August 21st 2023) “Web 3” is a decentralized internet but it isn’t supposed to replace the current internet. “Web 2” is the current internet where users congregate towards websites such as ‘Twitter'(X), ‘Facebook'(Meta), ‘Linkedin’, to discuss, debate, and express themselves on a social platform while companies such as ‘Amazon’, ‘Walmart’, ‘Macy’s’ and […]
Learning about what they do and how to use
(Originally Posted on August 11th 2023) All these ventures I’ve learned about are in their early stages of development and while many have already achieved success using them there are still many more heights to reach with any of these pieces of technology. Although many call these things a “Replacement” for what is currently available […]
What Does ‘Ownership on Web3’ mean?
(Originally Posted July 16th 2023) Bit of a wide question but I think the importance of ownership means more for small time developers and personal accounts. Many platforms on ‘Web 2’ usually retain the rights to anything and everything created on their platform. “Web 3” is about ownership of (self)creation regarding blog posts, personal photos, […]
Keeping up with Blockchain and Cryptocurrency
It’s tough keeping up with the many Blockchains and the Cryptocurrencies. Looking up videos on Crypto is mainly users telling you which cryptocurrency they are hoping will quadruple in price and finding news for a specific blockchain can be difficult as many are more connected than one would thinnk. It’s hard to understand what is […]
What is Blockchain?
The concept of Blockchain is basically a ledger of information that is distributed to everybody on the network. Everybody agrees that the transaction happened and the data is supposed to be incredibly transparent so nothing is hidden or used for nefarious purposes. Once a transaction is made, it is nigh impossible to reverse as enacting […]