Whois & Analysis for cblocknet.com

Web3 (also known as Web 3.0) is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics.

Some technologists and journalists have contrasted it with Web 2.0, wherein they say data and content are centralized in a small group of companies sometimes referred to as "Big Tech".

The term "Web3" was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms.

Fintech meetup at Hilton Colombo in Sri Lanka.

Financial technology (abbreviated fintech or FinTech) is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services.

Artificial intelligence, Blockchain, Cloud computing, and big data are regarded as the "ABCD" (four key areas) of FinTech.

The Fintech industry is an emerging industry that uses technology to improve activities in finance.

The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public.

Financial technology companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies.

A subset of fintech companies that focus on the insurance industry are collectively known as insurtech or insuretech companies.

Bitcoin blockchain structure.

A blockchain is a growing list of records, called blocks, that are securely linked together using cryptography.

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 leafs).

The timestamp proves that the transaction data existed when the block was published to get into its hash.

As blocks each contain information about the block previous to it, they form a chain, with each additional block reinforcing the ones before it.

Therefore, blockchains are resistant to modification of their data because once recorded, the data in any given block cannot be altered retroactively without altering all subsequent blocks.

A logo for Bitcoin, the first decentralized cryptocurrency.

The genesis block of Bitcoin's blockchain, with a note containing The Times newspaper headline.

This note has been interpreted as a comment on the instability caused by fractional-reserve banking.

Hard drives store information in binary form and so are considered a type of physical digital media.