Web3
Blockchain
A distributed ledger technology where data is stored in blocks linked cryptographically.
Why it matters
- Enables trustless, decentralized applications
- Provides immutable record keeping
- Foundation for cryptocurrencies and Web3
When to use
- When decentralization and transparency are required
- For applications requiring immutable records
- When building Web3 applications
Common mistakes
- Using blockchain when a database would suffice
- Not understanding gas costs and scalability
- Ignoring the complexity of blockchain development
Related terms
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