Hacker Noon September 20, 2022
Since the inception of digital currencies, decentralized technology has continued to evolve in the direction of web 3.0 (i.e., a new version of the internet with advanced capabilities of decentralization and more real connection). This evolution can be said to be occurring in a layered manner as several web 3 innovations appear to expand the technology as they are introduced.
For example, the creation of digital currencies can be considered as the early step in decentralized technology, then the introduction of Bitcoin expanded digital currencies through integration with the blockchain, then cross chain technology was introduced which grew the blockchain into a network, then Dapps evolved the blockchain network into a decentralized finance system, and more recently, this system grew...
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