What is a Cryptocurrency?
Cryptocurrency, or crypto as it is known in the community, is the monetary aspect of a blockchain network. Crypto holds various functions and can be used for more than just making transactions. The greater the utility and overall necessity of a cryptocurrency is what drives the price up or down depending on how many users purchase, hold, and sell their coins.
What is Web3? Separating Facts from Fiction
It’s easy to get an explanation of Web3. Everyone has one to offer. The trouble is, most descriptions are vague, amorphic, and only partially true. And another thing: they are full of buzzwords like Metaverse and NFTs and driven by euphoric self-interest.
But as a professional, you want to cut through the clutter and get the real thing. And you’re right. It’s time to understand the potential Web3 offers for you - or whether it offers any at all.
In this article, we’ll present the elements of Web3, the philosophy behind Web3, and analyze the potential benefits of Web3 applications. Are you ready for a brave journey into the possible future of the World Wide Web? Let’s start.