BLOCKCHAIN is a decentralized,distributed digital leger that record transaction across many computers. its is also a database of transcation HOW BLOCKCHAIN WORKS -someone request a transaction -Transaction is complete and permanent -Network validates the transaction usingalgorithms -Block is added to the existing blockchain Transaction is broadcast to a network of computers(nodes). "nodes"-multiple server "block"-bunch of transaction KEY BLOCKCHAIN CONCEPTS -Decentralization -transparency -immutability -consensus -crytograhy WEB 3 is the next evolution of the internet that focuses on decentralization, blockchain technology, and user owners -Aim to reduce reliance of big tech companies -built on blockchain technology Web1-Web2-Web3 web-1 -read only static websites -one way infomation flow web-2 -interactive, social platfrom -user-generated content web-3 -user-owned internet -Decentralized application