Cryptocurrency Q&A
Is Web3 and blockchain same?
Is Web3 and blockchain same?
StarlitFantasy
Tue Feb 04 2025
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6
answers
1459
I'm confused about the difference between Web3 and blockchain technology. Are they the same thing, or are there distinct differences between the two? I want to understand if Web3 and blockchain are interchangeable concepts or separate entities.
6 answers
Lorenzo
Thu Feb 06 2025
This feature ensures that all activities on the blockchain are visible and verifiable, enhancing trust and security in the system.
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CryptoWizardry
Thu Feb 06 2025
Blockchain technology facilitates the transparent recording of transactions.
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ZenBalanced
Wed Feb 05 2025
These applications run on a blockchain network and benefit from its decentralised, transparent, and secure nature.
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alexander_jackson_athlete
Wed Feb 05 2025
On the other hand, Web3 introduces a new paradigm by enabling interactions between users and applications in a decentralised and democratic manner.
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Lorenzo
Wed Feb 05 2025
Unlike traditional web platforms controlled by centralised entities, Web3 promotes user sovereignty and empowers individuals to participate in the decision-making process.
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