From the course: What Business Leaders Need to Know about Web3 (+ Metaverse)
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What is Web3?
From the course: What Business Leaders Need to Know about Web3 (+ Metaverse)
What is Web3?
- [Cathy] When explaining the eras of the internet, I often say that while Web 1.0 connected us to information, and Web 2.0 connected us to each other, Web3 connects people, places, and things. Going deeper than that, The most important things you need to know are one, it is built on the blockchain technology. Two, it emphasizes decentralization and greater individual ownership of digital assets. And three, there are many different visions for how it'll operate. I like to think that you're here because you want to understand and be a part of building that future. So let's start with the foundational understanding to do that. First principle of Web3, blockchain. What is a blockchain? A blockchain is a shared database that links data in blocks that cannot be edited. This creates an irreversible timeline of data allowing you to see when and where any piece of data was created or stored at any given moment. Another…
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