Blockchain
The foundation for Web 3.0 infrastructure. Blockchain was initially created for cryptocurrencies, but today its potential is planned to be used in the fields of finance, supply chain management, healthcare, etc.
Web 3.0 blockchains act as a permanent, open, and secure platform for transactions and Phone storage. This facilitates the development of decentralized systems where control is distributed across multiple nodes instead of one huge Phone , providing a level of security that far exceeds traditional centralized models.
Blockchains also generate smart contracts — protocols that take effect on their own. The terms of such agreements are built right into the code. They streamline transactions and interactions without the need for intermediaries like banks. For example:
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