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Ashwin Biju
Ashwin Biju

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A Beginner's Guide to Web3: What I Learned in a Day

Starting out in the world of web3 can be overwhelming, but I'm here to share what I learned in just one day of exploring. Here are the key concepts that I discovered:

  1. Blockchain: It's a decentralized ledger that keeps a secure and transparent record of transactions.
  2. Smart Contracts: These are self-executing agreements written in code. They run on the blockchain and automate the process of executing a contract.
  3. dApps: Applications that run on a decentralized network, powered by blockchain and smart contracts.
  4. Nodes: Computers that help validate and process transactions on the blockchain network.
  5. Ether (ETH): The cryptocurrency used for transactions on the Ethereum blockchain.
  6. Cryptography: A method used for secure information and communication.
  7. Consensus Algorithm: The rules used to validate transactions on the blockchain network.

I was amazed at how these simple concepts can come together to create a decentralized world where users have more control over their data and transactions. I can't wait to keep learning and exploring the possibilities of web3!

What were some key concepts that you learned when starting out with web3? Let me know in the comments!

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