Blockchain

Standard explanation: "Blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies." Simple understanding: "Blockchain is essentially a decentralized distributed database."

In the cryptocurrency world, consensus mechanisms are protocols and algorithms that enable computer networks to work together to ensure network security. 51% of the nodes in the network must agree on the global status of the network in order to reach a consensus.

Web3, or Web 3.0 for short, is the latest generation of the Internet that is evolving to create a more decentralized, secure and transparent Internet.

Since the launch of the white paper in 2008, Bitcoin has received unprecedented attention, especially since the first transaction of Bitcoin and its ten million fold increase in ten years, every sharp rise and fall of Bitcoin has become the focus of attention and caused huge controversy.

The public chain Polygon has more daily active users than Ether, and its overall market capitalization has exceeded the $10 billion mark, and there are three main reasons behind its current success.

Globally, environmental pollution and climate change have become very serious problems, and solving them requires joint efforts in various fields. In recent years, with the development of blockchain technology, it has started to be widely used in the field of environmental protection.

Payment can be said to be a link of great concern to both sides of the transaction. E-commerce is now developing at a high speed, and payment is a fundamental link in the process of fund financing, which is very important. With the development of blockchain technology, there are now many ways to realize fund transfer through blockchain technology

It is also necessary to understand the benefits that the Internet of Things can bring to companies, so that companies can make wise decisions about whether to use this technology.

When blockchain projects show that their technology can provide something that the traditional Internet does not have, large investors will participate.

The decentralized, consensus-driven and lack-of-trust nature of blockchains makes them inherently resilient to attacks.