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Fintech Revolution Just Started
The fintech revolution has only just begun. Over the past decade, we have seen the emergence of a host of new financial technologies that have changed the way we think about banking, payments, and financial services. From mobile payments to online lending and crowdfunding, these technologies have made it easier for people to access financial services and have given rise to a new generation of financial companies.
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Are blockchain transactions traceable?
Yes, transactions on a blockchain are generally traceable. Blockchain is a distributed ledger technology that allows transactions to be recorded and verified in a transparent and immutable manner. Each transaction on a blockchain is recorded on multiple computers, or “nodes,” on the network, and these transactions are linked together in a chronological chain, forming a permanent record of all activity on the blockchain.
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What is Web3?
Web3 refers to the third generation of the World Wide Web, which is a decentralized network of networks that allows users to interact with and access information from anywhere in the world. Unlike the centralized, server-based architecture of the first and second generations of the web, web3 is built on decentralized technologies, such as blockchain and peer-to-peer (P2P) networking.
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What are DLT ledgers?
DLT, or distributed ledger technology, refers to a decentralized system for storing and sharing data across a network of computers. DLT ledgers are a type of DLT that use a distributed database to store and manage data, such as financial transactions or other types of records.
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What are Non-Fungible Tokens (NFTs)?
Non-Fungible Tokens (NFTs) are a type of digital asset that represents ownership of a unique item, such as a piece of art, a collectible, or a digital asset. NFTs are stored on a blockchain, which provides a secure and transparent record of ownership.