What is the Role of Blockchain in Web3?

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What is the Role of Blockchain in Web3?

pearlbrown
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.

• Security: The ledger on a blockchain is unchangeable. Because data recorded content cannot be changed, Web3 serves as a strong defense against cyberattacks and data manipulation.

• Transparency: All transactions on a blockchain are publicly viewable, guaranteeing Web3 apps' transparency and building user confidence.

• Smart Contracts: By managing agreements without the need for middlemen, these self-executing contracts that have the terms directly written into code simplify Web3 procedures.


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