Everyday Power- What is blockchain?
[What's New]
Sequoia Capital is playing catchup with arch-rival Andreessen Horowitz in the race to invest in what could be the future of the internet — so-called Web 3.0. The Silicon Valley venture capital firm led a $450 million investment in Polygon, a blockchain network.
Web 3.0 is a hazy concept in tech that refers to efforts to build a more decentralized version of the internet based on blockchain technology. It's generated quite a bit of chatter in Silicon Valley.
Hype around Web 3.0 has attracted some of the biggest names in venture capital, including Andreessen Horowitz, Tiger Global and Sequoia.
[Everyday Power]
What is blockchain?
[Everyday Power]
What is blockchain?
1. The simplest way of explanation, blockchain is a specific type of database.
2. Comparing to traditional database, Blockchain orient its data in a decentralized way without individual to manage
3. It simply structures all data into blocks that are all chained together in chronological order.
4. When a block is filled, it would become immutable and formed as a part of its timeline.
5. The goal of blockchain is to allow digital information to be recorded and distributed, but not edited.
More investing basics will be offered in <Everyday Power>. Keep learning to be a master investor.
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