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73 | Building web3 with Nader Dabit

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What Is a Block Chain?

Block chain is a way of storing information that can be accessed by anyone in the world. It acts as this shared state that everyone in the world can use and depend on without having to trust e centralized intermediary. Smart contracts are still fairly early, but we're already seeing protocols that offer similar products to banking,. where you end up with billions of dollars of transactions being processed through smart contracts. But i think we were also seeing technological improvements around both efficiency and speed.

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