Web3.0 Made Simple: What's the Relationship Between Blockchain, Bitcoin, and Web3?
π΅ Blockchain
A decentralized, tamper-proof, and transparent distributed ledger technology.
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Itβs the infrastructure layer powering things like cryptocurrencies, smart contracts, identity, and supply chains.
π΅ Bitcoin
The first application built on blockchain β a decentralized digital currency.
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Used for storing value and peer-to-peer payments.
π΅ Web3
A new generation of the internet built on blockchain, where users own their data, identity, and assets.
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Features: decentralization, crypto wallets, smart contracts, token incentives.
π In one sentence:
Blockchain is the tech foundation, Bitcoin is the first product, Web3 is the broader ecosystem.
π― Analogy:
Blockchain = Electricity β‘
Bitcoin = Light bulb π‘
Web3 = Smart grid π 0 reply
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