diff --git a/introduction/how-is-it-useful.md b/introduction/how-is-it-useful.md index be3ffa4..472dfa8 100644 --- a/introduction/how-is-it-useful.md +++ b/introduction/how-is-it-useful.md @@ -4,17 +4,19 @@ Contributors: [@paarugsethi](https://twitter.com/paarugsethi) {% endhint %} -Imagine if a company like Spotify was owned and operated by a group of artists, producers, listeners - and the more time and creativity you put into the platform the larger your ownership of it. This kind of large scale coordination is now possible in ways it wasn’t before. +Wouldn't it be cool if a company like Spotify was owned and operated by a group of artists, producers, and listeners? The more time and creativity one puts into the platform, the larger one’s ownership becomes. This kind of large-scale coordination is now possible in ways it wasn’t before. -Products can now write their data to public blockchains instead of servers owned by any single entity. This means all information is public and no one can be “de-platformed” If a team behind a product goes rogue or makes decisions against the will of their creators or users, the community can simply start a new product, take their data/followers/art and leave. +Products can now store their data on public blockchains rather than on servers owned by any single entity. This means all information is public and no one can be “de-platformed”. If a team behind a product goes rogue or decides against the will of their creators or users, the community is not powerless. They can start a new product. Creators can take their data/followers/assets and leave. -This means all the products as we know them today can be re-created and improved on web3 - the way loans are given, the way music is created, the social networks we use or the way those companies are run. Everything can be can be done better. +This means all the products as we know them today can be re-created from first principles and improved on web3. Think banking, loan distribution, music creation, social networks, property agreements, and much more. Almost everything that feels too centralized, we can do better. ## Here's a video to get you going +{% embed url="https://www.youtube.com/watch?v=RplnSVTzvnU&feature=emb_title" %} + {% embed url="https://www.youtube.com/watch?v=Yo-BrASMHU4&feature=emb_title" %} -## Bonus Podcast +## Here's a podcast to hear from the experts {% embed url="https://www.youtube.com/watch?v=DlNDYMNJ5zQ&feature=emb_title" %} diff --git a/introduction/what-is-a-blockchain.md b/introduction/what-is-a-blockchain.md index 4f99f03..17198f6 100644 --- a/introduction/what-is-a-blockchain.md +++ b/introduction/what-is-a-blockchain.md @@ -1,16 +1,16 @@ # ⛓ What is a blockchain? {% hint style="success" %} -Contributors: [@abbas](https://twitter.com/Abbasshaikh42), [@mohitchawdhry](https://twitter.com/chawdhrymohit) +Contributors: [@abbas](https://twitter.com/Abbasshaikh42), [@mohitchawdhry](https://twitter.com/chawdhrymohit), [@anilgeorge04](https://twitter.com/anilgeorge04) {% endhint %} -An interesting analogy for understanding blockchain is a Google Doc. +A Google Doc is a good analogy to explain the basics of blockchain. -When you create one and share it with a group of people, the document is distributed instead of copied or transferred while giving access to everyone. Every change is recorded in real-time with a transparent history of who made what change to the document. +When you create and share a document with a group, it is distributed to the connected accounts/devices instead of being copied or transferred, and everyone has access to it. Google also transparently shows the version history of who made what change when to this shared document. -A Blockchain is an open-source ledger that works in a similar manner. It is a database that stores encrypted blocks of data then chains them together to form a chronological single-source-of-truth for the data. +Think of blockchain as an open-source digital book of accounts that works similarly. It stores a batch of transactions as encrypted blocks of data. The blocks are chained together to form a chronological single-source-of-truth for the data. The secret sauce is that this data is distributed to a series of connected devices called nodes. Nodes verify the blocks and maintain the security and integrity of the network. -Digital assets, most commonly Cryptocurrencies in Web3, are distributed instead of copied or transferred, creating an immutable record of an asset. The asset is decentralized, allowing full real-time access and transparency to the public. +Digital assets, most commonly Cryptocurrencies in Web3, are distributed instead of copied or transferred, creating an immutable record of an asset. The asset is decentralized via nodes (connected devices), allowing full real-time access and transparency to the public. ## Here's a video to get you going