BLOCKCHAIN
WAAT is on Blockchains
Blockchain is a distributed ledger technology that enables secure, verifiable, and tamper-proof records. It facilitates the creation of digital assets that are owned directly by users, without the need for centralized intermediaries.
One of the fundamental benefits of blockchain is its ability to enable individuals to hold and control their financial assets directly through self-custody. Over time, blockchain networks aim to achieve increasing levels of decentralization. This model gives users more control over their data and access, and in some ecosystems, allows communities to participate in governance processes.
WAAT Games leverages this technology across multiple blockchains to ensure broader accessibility, community integration, and long-term sustainability.
What is blockchain?
Blockchain is a decentralized digital system that records and verifies information in a secure, transparent, and tamper-proof way.
It works like a public ledger where data is stored in blocks, then linked together chronologically to form a chain. Once a block is added, it cannot be modified ; ensuring integrity and traceability.
Key features include:
Transparency: All data is visible and verifiable by the network
Security: Information is protected through cryptography
Decentralization: No central authority controls the system
Ownership: Users can hold and manage digital assets directly
Blockchain enables applications such as cryptocurrencies, NFTs, and smart contracts, and forms the technological backbone of Web3 ; the next generation of the internet based on user ownership and trustless interactions.
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