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The Relationship Between Bitcoin, Blockchain, and Web3
Many friends often struggle to understand the relationship between Bitcoin, Blockchain, and Web3. Today, I will explain the technical logic, development evolution, and real-world applications of these three concepts in simple and easy-to-understand language.
Core Relationship
Blockchain (Technical Foundation)
Blockchain is a decentralized, transparent, and secure distributed ledger technology, where data is linked in blocks in chronological order and is immutable. It is the underlying technology for Bitcoin and Web3.
Bitcoin (Pioneering Application)
Bitcoin is the first successful application of blockchain, serving as a decentralized digital currency that relies on blockchain to record transactions. Its significance lies in validating the feasibility of blockchain and promoting the popularization of the technology.
Web3 (Internet Upgrade)
Web3 is the next generation of the internet based on blockchain, emphasizing user sovereignty over data and assets (decentralization). It expands blockchain technology from currency to a wide range of fields such as finance, social networking, identity, and gaming.
Analogous Understanding
Blockchain: Like an immutable ledger that records all transactions and data.
Bitcoin: The first page of the ledger, recording transactions of a decentralized currency.
Web3: The future internet built on this ledger, where users can not only read and write but also "own" data and assets.
Real-World Applications
Blockchain: Supply chain traceability, medical data management, judicial evidence storage.
Bitcoin: Value storage, cross-border payments, safe-haven asset.
Web3:
DeFi: Uniswap, Aave (lending, trading).
NFT: Digital art (Beeple), gaming assets (Axie Infinity).
DAO: Decentralized governance (MakerDAO).
Others: On-chain social (Lens Protocol), decentralized storage (Filecoin).
In summary:
If blockchain is the technology, Bitcoin is the first application, and Web3 is the future of this technology.
Bitcoin was born from blockchain technology, validating the possibility of "decentralized currency." Web3 shows us that the future includes not only currency but also decentralized social networking, content, and identity.
You can also understand it this way: Blockchain is the encryption technology, Bitcoin is a derivative asset of blockchain, and Web3 is the commercial form of blockchain.
#BTC #Web3
Many friends often struggle to understand the relationship between Bitcoin, Blockchain, and Web3. Today, I will explain the technical logic, development evolution, and real-world applications of these three concepts in simple and easy-to-understand language.
Core Relationship
Blockchain (Technical Foundation)
Blockchain is a decentralized, transparent, and secure distributed ledger technology, where data is linked in blocks in chronological order and is immutable. It is the underlying technology for Bitcoin and Web3.
Bitcoin (Pioneering Application)
Bitcoin is the first successful application of blockchain, serving as a decentralized digital currency that relies on blockchain to record transactions. Its significance lies in validating the feasibility of blockchain and promoting the popularization of the technology.
Web3 (Internet Upgrade)
Web3 is the next generation of the internet based on blockchain, emphasizing user sovereignty over data and assets (decentralization). It expands blockchain technology from currency to a wide range of fields such as finance, social networking, identity, and gaming.
Analogous Understanding
Blockchain: Like an immutable ledger that records all transactions and data.
Bitcoin: The first page of the ledger, recording transactions of a decentralized currency.
Web3: The future internet built on this ledger, where users can not only read and write but also "own" data and assets.
Real-World Applications
Blockchain: Supply chain traceability, medical data management, judicial evidence storage.
Bitcoin: Value storage, cross-border payments, safe-haven asset.
Web3:
DeFi: Uniswap, Aave (lending, trading).
NFT: Digital art (Beeple), gaming assets (Axie Infinity).
DAO: Decentralized governance (MakerDAO).
Others: On-chain social (Lens Protocol), decentralized storage (Filecoin).
In summary:
If blockchain is the technology, Bitcoin is the first application, and Web3 is the future of this technology.
Bitcoin was born from blockchain technology, validating the possibility of "decentralized currency." Web3 shows us that the future includes not only currency but also decentralized social networking, content, and identity.
You can also understand it this way: Blockchain is the encryption technology, Bitcoin is a derivative asset of blockchain, and Web3 is the commercial form of blockchain.
#BTC #Web3
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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