Source:Click Here
Web3.0 will operate on blockchain-enabled technology working on P2P network. It will transform netizens’ experience but the flow of information will be administered by the participants themselves and no control shall be enforced by any single authority. In the absence of a third party like a bank to vet the transaction there is a need to validate ‘system security’ by solving complex puzzles by the cryptographers on devices which are energy hungry. Only after solving the puzzle, miners add a new block to the chain and receive a token as a reward.
No comments:
Post a Comment
If you really like my post, please leave your valuable comments/feedback for improvement: