The world of Web3 and blockchain can be quite complicated at first, but these beginner resources should help you get started. Please visit our downloads centre and links page for more online resources.
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What is Blockchain?
A blockchain is a decentralized ledger that records all transactions. Each transaction that is conducted leaves a permanent record that can be referenced at any time. The structure of the blockchain allows these transactions to be self executing and immutable. Once validated, data is permanently recorded to the blockchain and cannot be altered in any … Continue reading What is Blockchain?
What is Decentralization?
Decentralized networks are made up of computers, also known as nodes, that interact on a direct, peer-to-peer basis without the need for third parties. Within a decentralized network, information is distributed to every single “node” on the network. Each node has an updated copy of the recorded data. Decentralized networks can also distribute data in such … Continue reading What is Decentralization?
What is Cryptocurrency?
Background Cryptocurrencies such as bitcoin or ether are scarce digital assets which exist on a decentralized network of computers. The currencies, which are referred to as coins or tokens, can be used within their network as a digital store of value or a medium of exchange. Digital Ownership In the same way that ownership of … Continue reading What is Cryptocurrency?
Blockchain vs. Cryptocurrency
What’s A Blockchain? Blockchains are distributed ledgers secured by cryptography. They are essentially public databases which everyone can add to and read. Instead of the data residing on a single centralized server, the data is copied across thousands and thousands of computers worldwide. The consecutive string of every block ever executed makes up a blockchain: … Continue reading Blockchain vs. Cryptocurrency