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Demystifying Blockchain, Web3, and Crypto

Daisy Auma on February 05, 2024

In the rapidly evolving landscape of digital technology, terms like blockchain, Web3, and crypto have become buzzwords, often used interchangeably ...
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Dan

I've been working in web3 relatively recently (mainly ethereum ecosystem) and I think coding economic incentives to encourage expected behavior across a network of strangers is really neat.

I love it ideologically but honestly struggling to find that web3 is strictly better than web2 for many things. There are a few examples (cross border transactions, alternatives in unstable economies) but largely many projects feel really cool but not necessarily more valuable.

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Daisy Auma

Thanks for the info!

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Ben Sinclair

Fundamentally, the decentralised movement is powered by blockchain

I disagree. We've had decentralised stuff for decades and it's not been anything to do with blockchain. Blockchain is a specific way of doing things, which swaps centralisation cost for distributed environmental cost.

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Alex Roor

3 years ago I had no idea what a cool thing crypto and blockchain generally were!
Now it's part of my everyday life.
I started using WhiteBIT and am very happy about it because the first trades on demo tokens are super!
what do you use?

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Daisy Auma

I have only used Binance

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