Where Web 3.0 is taking the software industry

Like many breakthroughs, the central idea behind blockchain is simple but obscured by the surrounding embellishments and hoopla. At its heart, the idea is a purely technical one, beguiling in its counterintuitiveness: by broadcasting information, it becomes more secure. Ground zero for the blockchain idea is the Satoshi whitepaper, which presents a novel approach to avoiding the double spend problem in digital currencies. By cryptographically signing blocks of transactions and publishing them broadly, a record of who owns what is achieved that is resistant to tampering.

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