An Introduction to Cryptocurrency, Web3, NFTs, and DAOs
Let’s Tackle All the Buzzwords in One Place
Tech is changing fast. This especially applies to the Crypto/Web3 space. Despite the media attention, there doesn’t seem to be a good article explaining these different buzzwords.
This article is an introduction to the 4 most innovative tech trends:
- Cryptocurrency
- Web3
- NFTs
- DAOs
This will be a non-technical article that requires zero prior knowledge. The only thing you need is the ability to read.
Cryptocurrency
Cryptocurrency is digital cash. It uses cryptography to keep the system secure.
Bitcoin is a cryptocurrency. I can send you Bitcoin and anyone can see that transaction. Thanks to cryptography, they cannot interfere with it in any way, shape or form.
Additionally, I can’t take my Bitcoin back. Once I send it, it is sent. Bitcoin, and other cryptocurrencies, use something called blockchain to secure data.
You can think of a blockchain as a public ledger. It records every transaction that happens. And it allows anyone to see it. Again, cryptography prevents them from stealing funds or…
