Web 3.0

A blockchain is a type of distributed, immutable ledger. It is a way of storing records of data in a way that prevents the record from being changed after it has been created (immutable in computing terms).

Copies of the records are then decentralized, or shared across a wide number of computer systems to help prove their accuracy. If someone managed to change a record on one system, the other distributed versions of the record will still show the details of the original record.

Blockchains are most commonly used in cryptocurrencies like Bitcoin or Ethereum; decentralized finance (DeFi) _products that aims to remove intermediaries and brokers from the financial markets; and _Non-Fungible Tokens (NFT), non-interchangeable units of data that are stored on a blockchain and can be traded.

>>>>> gd2md-html alert: inline image link here (to images/image1.png). Store image on your image server and adjust path/filename/extension if necessary.
(Back to top)(Next alert)
>>>>>

Are blockchains, decentralisation and tokens really the future of the Internet?

I don’t know. But many smart people thought so, and leading venture capital firms have bet on it by raising multi-billion dollar investment funds to invest in web3 businesses.