Starting with Web3
Revolutionize the way that information is stored and shared.
When we say Blockchain, the first thing that comes to our mind is Bitcoin but Blockchain is more than that. It's a technology, masterpiece, and art. Blockchain and its technology are admired by those who understand its true value.
"There's no centralized source that controls the blockchain."
Everything that happens on a blockchain, everybody else can see, work with, and see that everyone's playing by the same rules. It's about moving from brand-based to math-based solutions and being trustless. Blockchains can't be changed, tampered with, or corrupted, and are incredibly secure.
Well, I have bragged about how good blockchain is but it's not all, there are enormous features and importance of it.
Blockchain
let's imagine a situation, you are the finance officer of a company and you delegate the task to keep the transaction records of the company to someone within the company, say a bookkeeper, now there are concerns about loyalty, trust and validity of the records. what if he tampers the records? you might say, ok I will keep the logs and so on but keeping those things apart there is no way to ensure that the records are clean and authentic
Now there comes blockchain a savior 🕵️♂️💂
Think of blockchain as a ledger or an excel sheet that not only resides in a single computer but exists among multiple fellows with multiple computers. Now if the bookkeeper tries to tamper with the record then the remaining people can verify the authenticity of the record
Taking the analog, we define blockchain as a series of blocks that are linked and secured using cryptography. Each block contains a record of multiple transactions, and once a block is added to the chain, the transactions it contains cannot be altered
Now there is no single person or entity who controls the whole process
The most important thing about blockchain is you can also be part of the chain and keep the network running. Involvement with the chain requires no extra hassle like KYC verification, document fillup and interaction with the central entity.
"You can truly be anonymous or be public"
