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Thank you for following along with my #Web3ExplainedToAKid series over the past 30 days. Please take a moment to share your thoughts. For any other feedback please let me know in the comments 🙏 #Web3 #CodeWithSimon #Blockchain

Day 30: Nodes #Web3ExplainedToAKid 🌐 Imagine you're part of a big network of friends, and each friend has a special role to play in keeping the group connected and informed. That's what nodes are all about in Web3! 🖥️ Nodes are like digital friends that help run and maintain a…

Day 29: Layers in Web3 #Web3ExplainedToAKid 🏞️ Imagine you're building a delicious cake, and each layer adds something special to make it even tastier. That's how layers work in Web3! 🎂 In the world of Web3, there are different layers, each serving a unique purpose to create a…

Day 28: Gas Price ⛽ #Web3ExplainedToAKid 💸 Imagine you're driving a car and need to fill up the tank with gas. The price you pay at the pump determines how much fuel you can get. That's what a gas price is all about! ⛽ In the world of Web3, where transactions are powered by…

Day 27: Liquidity Pools #Web3ExplainedToAKid 💧 Imagine you have a big pool filled with water where everyone can jump in and swim. But instead of water, it's filled with digital assets like cryptocurrencies. That's what a liquidity pool is all about! 🏊 Liquidity pools are like…

Day 26: Cross-Chain Swaps #Web3ExplainedToAKid 🔄 Imagine you have a superpower that lets you trade things between different worlds, like swapping your favorite toy for a friend's cool gadget from another universe. That's what cross-chain swaps are all about! 🔀 Cross-chain…

Day 25: Web3 Wallets #Web3ExplainedToAKid 🔒 Imagine you have a magic piggy bank that not only keeps your coins safe but also lets you access all sorts of cool stuff on the internet. That's what a Web3 wallet is all about! 💳 Web3 wallets are like digital safes that store your…

Day 24: Sharding #Web3ExplainedToAKid 🧱 Imagine you have a giant puzzle with thousands of pieces, and it's taking forever to put together. That's where sharding comes in to save the day! 🔍 Sharding is like breaking the big puzzle into smaller, manageable pieces, so you and…

Day 23: Governance Tokens #Web3ExplainedToAKid 🏛️ Imagine you and your friends have a clubhouse where you make all the rules together. But instead of using voice votes or hands, you have special tokens that give you the power to decide. That's what governance tokens are all…

Day 22: Cross-Chain Bridges #Web3ExplainedToAKid 🌉 Imagine you have two magical lands, each with its own special treasures and adventures. But what if you want to explore both without having to choose just one? That's where cross-chain bridges come in! 🔗 Cross-chain bridges…

Day 21: IPFS (Inter Planetary File System) #Web3ExplainedToAKid 🚀 Imagine you have a treasure map, but instead of leading to a single treasure chest, it shows you how to find lots of treasure chests scattered all over the world. That's what IPFS is all about! 📁 IPFS, or…

Day 20: Layer 2 Scaling Solutions #Web3ExplainedToAKid 🚀 Imagine you're playing a super fun game online with your friends, but sometimes it gets a bit slow because too many players are joining. That's where Layer 2 Scaling Solutions come to the rescue! 🎮 Layer 2 Scaling…

Day 19: Interoperability #Web3ExplainedToAKid 🌐 Imagine you have different puzzle pieces from different sets, but they all fit together perfectly to create one big picture. That's what interoperability is all about! 🔌 Interoperability means different things, like apps,…

Day 18: Smart Contracts #Web3ExplainedToAKid 🤖 Hey there! Ever played with a magic toy that does exactly what you tell it to? Well, that's kinda like a smart contract! 🎮 Imagine you have a super special LEGO block. You can build it to do a specific job, like giving your…

Love your #web3ExplainedToAKid series! 👨‍🏫📚

Day 17: NFTs #Web3ExplainedToAKid 📚 NFT stands for Non-Fungible Token. Think of it like a digital certificate of authenticity that proves ownership of a unique item or piece of content. 💎 Unlike cryptocurrencies, which are interchangeable and have the same value, each NFT is…

Day 16: Metaverse #Web3ExplainedToAKid 📚 The metaverse is like a digital universe where people can interact, work, play, and create in virtual environments. 🌐 Instead of being limited to the physical world, the metaverse expands our reality into endless virtual realms. It's…

Day 15: How Does a DAO Work: Explained Simply! #Web3ExplainedToAKid 📚 DAO stands for Decentralized Autonomous Organization. Think of it like a digital company run by its members instead of a central authority. 🤝 Members of a DAO make decisions together using smart contracts…

Day 14: DApps #Web3ExplainedToAKid 📚 DApps, short for decentralized applications, are like regular apps you use every day, but they run on a decentralized network instead of a central server. 🌐 Unlike traditional apps, which are controlled by a single entity, DApps operate on…

Day 13: DeFi: #Web3ExplainedToAKid 📚 DeFi, short for decentralized finance, is like a digital revolution for banking. It's all about making financial services more accessible to everyone, everywhere! 💰 Instead of relying on traditional banks, DeFi uses smart contracts and…

Day 29: Layers in Web3 #Web3ExplainedToAKid 🏞️ Imagine you're building a delicious cake, and each layer adds something special to make it even tastier. That's how layers work in Web3! 🎂 In the world of Web3, there are different layers, each serving a unique purpose to create a…

Day 17: NFTs #Web3ExplainedToAKid 📚 NFT stands for Non-Fungible Token. Think of it like a digital certificate of authenticity that proves ownership of a unique item or piece of content. 💎 Unlike cryptocurrencies, which are interchangeable and have the same value, each NFT is…

Day 21: IPFS (Inter Planetary File System) #Web3ExplainedToAKid 🚀 Imagine you have a treasure map, but instead of leading to a single treasure chest, it shows you how to find lots of treasure chests scattered all over the world. That's what IPFS is all about! 📁 IPFS, or…

Day 14: DApps #Web3ExplainedToAKid 📚 DApps, short for decentralized applications, are like regular apps you use every day, but they run on a decentralized network instead of a central server. 🌐 Unlike traditional apps, which are controlled by a single entity, DApps operate on…

Day 24: Sharding #Web3ExplainedToAKid 🧱 Imagine you have a giant puzzle with thousands of pieces, and it's taking forever to put together. That's where sharding comes in to save the day! 🔍 Sharding is like breaking the big puzzle into smaller, manageable pieces, so you and…

Day 12: DeFi Use Cases: #Web3ExplainedToAKid 📚 Imagine having a magical wallet that lets you do all sorts of cool things with your money. That's what decentralized finance (DeFi) is all about! 💰 With DeFi, you can lend your money to others and earn interest, just like putting…

Day 23: Governance Tokens #Web3ExplainedToAKid 🏛️ Imagine you and your friends have a clubhouse where you make all the rules together. But instead of using voice votes or hands, you have special tokens that give you the power to decide. That's what governance tokens are all…

Day 15: How Does a DAO Work: Explained Simply! #Web3ExplainedToAKid 📚 DAO stands for Decentralized Autonomous Organization. Think of it like a digital company run by its members instead of a central authority. 🤝 Members of a DAO make decisions together using smart contracts…

Day 22: Cross-Chain Bridges #Web3ExplainedToAKid 🌉 Imagine you have two magical lands, each with its own special treasures and adventures. But what if you want to explore both without having to choose just one? That's where cross-chain bridges come in! 🔗 Cross-chain bridges…

Day 18: Smart Contracts #Web3ExplainedToAKid 🤖 Hey there! Ever played with a magic toy that does exactly what you tell it to? Well, that's kinda like a smart contract! 🎮 Imagine you have a super special LEGO block. You can build it to do a specific job, like giving your…

Day 20: Layer 2 Scaling Solutions #Web3ExplainedToAKid 🚀 Imagine you're playing a super fun game online with your friends, but sometimes it gets a bit slow because too many players are joining. That's where Layer 2 Scaling Solutions come to the rescue! 🎮 Layer 2 Scaling…

Day 25: Web3 Wallets #Web3ExplainedToAKid 🔒 Imagine you have a magic piggy bank that not only keeps your coins safe but also lets you access all sorts of cool stuff on the internet. That's what a Web3 wallet is all about! 💳 Web3 wallets are like digital safes that store your…

Day 27: Liquidity Pools #Web3ExplainedToAKid 💧 Imagine you have a big pool filled with water where everyone can jump in and swim. But instead of water, it's filled with digital assets like cryptocurrencies. That's what a liquidity pool is all about! 🏊 Liquidity pools are like…

Day 13: DeFi: #Web3ExplainedToAKid 📚 DeFi, short for decentralized finance, is like a digital revolution for banking. It's all about making financial services more accessible to everyone, everywhere! 💰 Instead of relying on traditional banks, DeFi uses smart contracts and…

Day 16: Metaverse #Web3ExplainedToAKid 📚 The metaverse is like a digital universe where people can interact, work, play, and create in virtual environments. 🌐 Instead of being limited to the physical world, the metaverse expands our reality into endless virtual realms. It's…

Day 19: Interoperability #Web3ExplainedToAKid 🌐 Imagine you have different puzzle pieces from different sets, but they all fit together perfectly to create one big picture. That's what interoperability is all about! 🔌 Interoperability means different things, like apps,…

Day 26: Cross-Chain Swaps #Web3ExplainedToAKid 🔄 Imagine you have a superpower that lets you trade things between different worlds, like swapping your favorite toy for a friend's cool gadget from another universe. That's what cross-chain swaps are all about! 🔀 Cross-chain…

Day 30: Nodes #Web3ExplainedToAKid 🌐 Imagine you're part of a big network of friends, and each friend has a special role to play in keeping the group connected and informed. That's what nodes are all about in Web3! 🖥️ Nodes are like digital friends that help run and maintain a…