How does blockchain technology support Web3

Description: Floyx employs blockchain for secure, decentralized data storage, utilizing distributed database technology to ensure transparency and consistency, while blockchain's decentralized digital ledger records transactions across a network of computers. Blockchain is used by SocialFi platforms to ensure that users receive payments via a decentralized system. Since these are peer-to-peer platforms, users or other network members decide the value of contributions. This means that the process of creating value becomes more equitable, with decision-making authority distributed widely. Know More - - bit.ly/45EugqH

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