Frequently Asked Questions (FAQ)

Blockchain is the technology that serves as the foundation for a decentralized economy. Decentralized computing will alter how we transact with others online by putting the control of your personally-identifiable data in your own hands. You go from “being the product” to "owning the product-your data."

“Blockchain is one of the most fundamental inventions in the history of computer science.” - Marc Andreessen, Inventor of Netscape

What is the Blockchain Revolution?

The “Blockchain Revolution,” a phrase coined by Don Tapscott in his foundational book “Blockchain Revolution,” is the phenomenon happening today among developers. Teams across the planet have been creating blockchains in anticipation of a decentralized economy.

What is Decentralized Computing?

Decentralized computing is giving resources to other locations, which is done through blockchain and distributed ledger technology. Blockchain and DLT encrypt your data and carry it through cryptonetworks instead of storing your information within centralized services like Facebook, Amazon, Netflix and Google.

Decentralized computing is the allocation of resources, both hardware and software, to each individual workstation, or office location. In contrast, centralized computing exists when the majority of functions are carried out, or obtained from centralized locations.” - Wikipedia

"I believe that decentralized computing will mark a transition away from cloud computing and is the next wave of computing.  Some core tech components have been developed for 8 years now.”                         – Dr. Muneeb Ali, co-founder of Blockstack

Decentralization is built on the foundation of mathematics, making it safe and credible, unlike centralized computing. This is why more and more businesses are turning to blockchain, game theory and crypto economics. Read Why Decentralization Matters by Chris Dixon to learn more.

Cryptocurrency is a digital or virtual currency. Cryptocurrency is often built with blockchain technology, which is arguably more secure than other mediums.

What are the W3C Standards?

The W3C, or World Wide Web Consortium, is the international standards organization for the world wide web. In order to promote ethical standards for Web technologies, the W3C outlines processes and publishes them as Web Standards. These standards align with W3C's mission to promote fairness, responsiveness and progress. Learn more on their site.

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