On 18 August, an article on the Government Communications Network explained that the foundational technology of Web3 is the blockchain, a distributed public ledger that records information, including cryptocurrency transactions, non-fungible token (NFT) and smart contracts. Information is maintained using a network of decentralised nodes, which require a consensus to add new records. It warns that a decentralised internet is an opportunity for criminals and terrorists to exploit an unregulated, anonymous and decentralised landscape.
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NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!