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Blockchain is a decentralized, distributed ledger technology that records transactions across multiple computers so that the records cannot be altered retroactively. It’s the foundation for cryptocurrencies like Bitcoin and Ethereum.
Web3 is the next evolution of the internet that integrates blockchain technology to create a decentralized and user-controlled web. Unlike Web2, where large companies own and control platforms, Web3 gives users more ownership and control over their data and digital assets.
Blockchain works by grouping transactions into blocks. Each block is linked to the previous one using cryptographic hashes, forming a chain. This ensures transparency, security, and immutability.
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