Blockchain and the Decentralized Web: Concepts and Use Cases
Blockchain and the Decentralized Web: Concepts and Use Cases Blockchain technology creates a shared ledger that records transactions across many computers. It helps reduce the need for a single gatekeeper. The decentralized web pushes this idea further, so people can control their data and interact directly with others. Together, they offer safer, more open apps that run on open standards. Core concepts Distributed ledger: all participants keep a copy, making the history transparent and hard to alter. Consensus: the network agrees on a single history without a central authority. Smart contracts: programs that run on a blockchain to enforce rules automatically. Tokens and digital assets: units of value, access, or rights on the network. Identity and privacy: people can prove who they are and what they own without revealing extra data. Smart contracts automate how apps work. They can handle simple payments or complex business logic without a middleman. A well-designed system uses incentives and math to keep people honest. Different blockchains offer different features, so developers choose the right tool for the job. ...