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A blockchain is a distributed ledger with growing lists of records (blocks) that are securely linked together via cryptographic hashes. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree, where data nodes are represented by leaves).
Algorand is a blockchain platform founded in 2017 by Silvio Micali, a computer scientist and professor at the Massachusetts Institute of Technology (MIT). Micali's expertise in cryptography and distributed systems has been instrumental in shaping Algorand's innovative approach to blockchain technology. [2] [3]
Dan Kaminsky, a security researcher who read Bitcoin's code, said that Nakamoto was either a "team of people" or a "genius"; Laszlo Hanyecz, a developer who had emailed Nakamoto, had the feeling the code was too well-designed for one person; Andresen has said of Nakamoto's code: "He was a brilliant coder, but it was quirky."
Blockchain has been acknowledged as a way to solve fair information practices, a set of principles relating to privacy practices and concerns for users. Blockchain transactions allow users to control their data through private and public keys, allowing them to own it. Third-party intermediaries are not allowed to misuse and obtain data.
Uses Distributed computing. Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, ADA. [5] Cardano's development began in 2015, led by Ethereum co-founder Charles Hoskinson.
Web3. Web3 (also known as Web 3.0 [1] [2] [3]) is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics. [4] Some technologists and journalists have contrasted it with Web 2.0, wherein they say data and content are centralized in a small group ...
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