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Hello everyone, I am a newbie in this industry, and I have just learned about blockchain for a week. Now I would like to share some small knowledge that I understand with you.

Last time I mentioned that 'Bitcoin (BTC) is a cryptocurrency'. So what is cryptocurrency?

Cryptocurrency is a type of digital currency that is protected by cryptography. It is the core financial tool of Web3.

All transactions are recorded on the blockchain and are not controlled by banks or governments, so we can freely hold and transfer it.

Cryptocurrency is used for payments, storing value, investments, and trading digital assets.

For example: Bitcoin (BTC), Ethereum (ETH), USDT. #BTC #ETH #USDT #cryptocurrency #Web3

Hello everyone, I am a newcomer in this industry. I have just learned about blockchain for a week, and now I want to share some small knowledge that I understand with you.

Last time I mentioned that "blockchain technology has created the third generation of the internet." So what is the third generation of the internet?

First, let's understand the first and second generations of the internet.

The first generation of the internet (Web1) is a static network. What is a static network? It is when we can only read content and browse web pages without interaction between people. For example: Yahoo 1998.

The second generation of the internet (Web2) is an interactive network. What is an interactive network? It is when we can interact with others, upload content, but it requires intermediaries, and the data is controlled by platforms. For example: Facebook, Youtube.

The third generation of the internet (Web3) is a decentralized network. What is a decentralized network? It is when we control our own accounts, data, and assets. For example: DeFi, DAO.

Hello everyone, I am a newbie in this industry, and I have just learned about blockchain for a week. Now I want to share some small knowledge that I understand with you.

Last time I mentioned that "Bitcoin (BTC) is based on blockchain technology." So what is blockchain?

Blockchain is a part of the internet.

Usually, our actions online such as shopping, reading news, and playing games are based on the methods of data transmission between internet data.

Without data transmission, the actions mentioned above cannot be realized.

Blockchain uses various new technologies to transmit data and has upgraded and innovated the existing internet, creating the third generation of the internet!

Hello everyone, I am a newbie in this industry, I have just learned about blockchain for a week, and now I want to share some small knowledge that I understand with you.

So what is Bitcoin (BTC)?

Bitcoin is a cryptocurrency, which can also be understood as digital currency, created by Satoshi Nakamoto in 2009.

It is based on blockchain technology, decentralized, and not controlled by any government or bank.

Bitcoin can be used for payments, value storage, and investment.