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Getting started with Web3? Here's what you need to know.
If blockchain, decentralization, smart contracts, and NFTs feel like foreign concepts, you're not alone. But understanding these four pillars will set you up for success in the Web3 space.
Let's break it down:
**Blockchain** – Think of it as a digital ledger. It's a record-keeping system that's transparent, secure, and distributed across networks rather than controlled by a single entity.
**Decentralization** – No middlemen required. Instead of relying on banks or institutions to facilitate transactions, blockchain networks operate peer-to-peer. You have more control over your assets.
**Smart Contracts** – These are self-executing agreements. Once conditions are met, the contract automatically executes without needing intermediaries to enforce it.
**NFTs** – Digital ownership on the blockchain. NFTs represent unique digital assets – from art to collectibles – with verifiable proof of ownership.
Mastering these fundamentals opens doors to trading, investing, and participating in decentralized finance. Ready to dive deeper?