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Learn about web3 with web3forbasicbs
Welcome to our video on WTF is Blockchain
In this video, we break down the meaning of Web3 and explain why it’s important. We touch on the difference between the internet vs world wide web, web1, web2, a little history lesson, and chatGBT?? Grab your favorite drink and join us
Basic Breakdown of Fiat Currency and why it's important to understand. We also touch on the history of money and how it's evolved over time. Let's do this!
How to move your funds from Coinbase to a Ledger hardware wallet
Vanes fell into the web3 world when a friend asked if she could code ERC721 tokens. Her curiosity led her to discovering smart contracts were just code. She pivoted from web2 development and dove headfirst into web3. Through attending hackathons, she landed her first role in web3 as a developer advocate at WalletConnect. As she fully embraced the web3 world, Claudia also began to explore it. After winning a design contest and a scholarship to hack at Eth Global Bogota, she left her role as an ICU nurse to experiment with UI/UX. Being a natural, she won bounties at the next two hackathons she attended. She recently started a new role as head of design at Ensó, a digital closet to grow your social graph.
Claudia and Vanes started Web3 for Basic Bitches because they want to bring web3 to the masses and make it accessible for everyone, not just tech geeks. Claudia, coming from a non-technical background, knows firsthand how intimidating it can be to understand these subjects. Web3 is the future of the web, and it's time for everyone to hop on the train and start creating value in the things they love to do. Plus, they're basically web3 wizards, so trust them.
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Find answers to your questions
Web3 refers to the next generation of the internet, also known as the decentralized web or the blockchain web. It is built on blockchain technology and enables decentralized applications (DApps) and smart contracts to be run on a peer-to-peer network without the need for intermediaries.
Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank and is decentralized, meaning that it is not controlled by any government or financial institution. Cryptocurrency transactions are recorded on a public digital ledger called a blockchain. Bitcoin is the first and most widely known cryptocurrency, but there are now thousands of different cryptocurrencies in circulation.
A blockchain is a decentralized, digital ledger that records transactions across a network of computers. Each block in the chain contains a number of transactions and a reference to the previous block. This creates a chain of blocks, hence the name blockchain. The network is designed to be transparent, secure, and tamper-proof, making it an ideal technology for applications such as cryptocurrencies, smart contracts, and supply chain management.
There are a few ways to get your hands on crypto. You can use a platform like Binance or Coinbase to buy it with real money or other crypto. Or you can buy it from someone you know through a peer-to-peer marketplace. Once you have your crypto, you'll need to store it in a digital wallet. There are different types of wallets, like software wallets, hardware wallets, and paper wallets. Just pick the one that works best for you.
A smart contract is like a computer program that runs on the blockchain and automatically executes the terms of the contract. No need for a middleman. Smart contracts are transparent, tamper-proof, and can be used for all sorts of things like financial transactions, supply chain management and even voting.
DApp stands for decentralized application. It's an app that runs on the blockchain and isn't controlled by any one entity. DApps use smart contracts to run automatically. They can be used for all sorts of things like social media, gaming, and finance.
A public blockchain is like a huge open network that anyone can join, like Bitcoin or Ethereum. A private blockchain is more like a closed network that only certain people can join, like Hyperledger or Corda. Public blockchains are fully decentralized, and private blockchains are more centralized, where access and decision making is restricted.
Did you know?
Fun facts about crypto