Blockchain and related applications

Cryptocurrency

Cryptocurrency is formed by a public blockchain network, not by the government. It is composed of cryptographic algorithms to ensure safe and fast storage and receipt. Cryptocurrency quickly became the most searched keyword in the last few years because of its outstanding features:

No Intermediaries: Blockchain technology can eliminate the need for intermediaries. When it was first applied, people had a new perspective on a fully active tradable asset.

Transparency and immutability of results are proven facts. All records or transaction history are stored indefinitely and accessible to everyone.

Limited supply: Most cryptocurrencies have a certain amount, which means they can avoid inflation like regular fiat currencies, and they will tend to increase in value over time.

Web 3

Web 3 is a new concept in the next generation of the internet, where websites and applications can process data more intelligently like humans through machine technologies (ML), Big data, Distributed Ledger Technology, etc. Data will be linked in a way that is not centralized, which is better than the current internet, where all data is stored in one place.

Web 3 is the full convergence and full promotion of the technological value of blockchain and AI with the expectation of providing the foundation for future, human-centered applications to meet all needs quickly and conveniently. most convenient. The main features of Web 3 must include:

Ubiquity: Web 3 takes ubiquity to the next level by making the internet accessible to anyone, anywhere, at any time. At some point, the internet will be accessible not only from computers and phones like it is now, but also from many other smart devices through IoT technology.

Semantic Web: This network gives the ability to delve deeper into the relationships between words, analyzing a wealth of data from the web, including content, transactions, and human connections.

Artificial intelligence: Web 3 computers can read and decode the emotional meaning conveyed by a set of data, so they will create intelligent machines that can upgrade themselves to suit each field.

3D Graphics: Multi-dimensional space is developed to remove physical and digital boundaries, 3D graphics is also a perfect experience and its application can be widely applied in other fields together.

NFT

An NFT (Non-fungible token) is a data unit on the blockchain chain. It can represent any type of asset and exhibits uniqueness and ownership thanks to identifiers. Many products, like pictures, music, game items, etc., have helped spread the word about NFT.

Metaverse

The Metaverse is a digital space created by the internet and technology applications such as VR and AR. As a result, it can quickly connect people from all over the world, almost comprehensively and accurately simulating real-life activities and assets. The Metaverse also paves the way between decentralized networks and crypto, creating new jobs and business forms that attract tech enthusiasts and partly convert traditional entrepreneurs.