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Understanding the basics of blockchain technology. “The only way to understand web3 is by understanding the basics of blockchain technology and how it works”. To understand the full concept of web3, it’s really important to understand what blockchain is and how it works. The only way to understand web3 is by understanding the basics of blockchain technology and how it works. When you see or hear the word “blockchain” what comes to your mind is cryptocurrency or sometimes NFTs but the question you should ask is, what is this blockchain everyone keeps talking about and how does it work? For a better understanding follow up this article closely, at the end of this article you should be able to understand the basics of blockchain. What is blockchain? A blockchain is an immutable or unchangeable ledger of information. It’s also a chain of blocks, each containing information of transactions, telling a linear story about all transactions that have ever taken place. Once a transaction is added...

“ The next evolution of the web will be the web3.0”. The original World Wide Web that was first created in the early 1990 was effectively web1.0, the first version. Web1.0 most contents were static and most people were consumers of existing content and there was very low communication between people and the website they use. Web1.0 era was roughly between 1991–2004. Web2.0 is the social web came about thanks to the emergence tools and platform making it easy for people to create & publish their own content on web and to have ongoing interaction with other people through the web. The web went from being information resource to communication platform. This includes the social media platforms we have today, we are still very much in the web2 era but gradually moving into web3. The next evolution of the web will be the web3.0. The question is, what will that evolution be? The inventor of the World Wide Web suggested that the next evolution of the web will be a semantic web where all da...