What is Web3?
Web3 is a way to use the internet to access and interact with things called “smart contracts”. These are special programs that can do things like store information, send money, or make decisions based on rules that are written into them.
To use web3, you might use a special program called a “wallet” that helps you send and receive information to and from these smart contracts. You can also use web3 to build your own smart contracts and share them with other people, so that you can all work together on things like creating a new game or building a new business.
Overall, web3 is a way to make the internet more powerful and useful by allowing people to do new and interesting things with it.
What is blockchain?
Imagine you have a special notebook that you and your friends can write in. Each time someone writes something in the notebook, they also write down the date and time they wrote it. Then, they pass the notebook to the next person.
This way, everyone can see what has been written in the notebook and when it was written. And because each person writes down the date and time, it’s very hard for anyone to change or erase what has been written. That’s a little bit like how a blockchain works.
In a blockchain, computers all around the world work together to keep track of a list of things, like transactions or records. Each time someone wants to add something new to the list, they have to follow some special rules. Then, all the computers in the blockchain check to make sure the new thing follows the rules. If it does, they add it to the list and record the date and time.
A blockchain is like a special kind of list that is very hard to change or cheat. That’s why people use it to keep track of important things like money or information.