These Principles are:

Decentralization: As we mentioned previously, making it so that data belongs to everyone makes the internet so much stronger. Sure, your little node in the network could potentially come down, but the thousands of others running in parallel make sure that not a single piece of information is lost. This also allows you to have equal power to your peers, instead of a corporation calling the shots.

Transparency: Everyone keeps the network going strong, so everyone has access to the data produced by it. Imagine what you could do if you knew exactly how social media’s algorithms worked, or if you could create your own.

Immutability: Lastly, everyone working in the same network means we must keep it secure and away from bad actors. To achieve this, Blockchains use their namesake (Blocks) to submit information into the public ledger, once it’s in there, no one can edit or modify it.

These Principles are:

Decentralization: As we mentioned previously, making it so that data belongs to everyone makes the internet so much stronger. Sure, your little node in the network could potentially come down, but the thousands of others running in parallel make sure that not a single piece of information is lost. This also allows you to have equal power to your peers, instead of a corporation calling the shots.

Transparency: Everyone keeps the network going strong, so everyone has access to the data produced by it. Imagine what you could do if you knew exactly how social media’s algorithms worked, or if you could create your own.

Immutability: Lastly, everyone working in the same network means we must keep it secure and away from bad actors. To achieve this, Blockchains use their namesake (Blocks) to submit information into the public ledger, once it’s in there, no one can edit or modify it.