Book Image

The Essential Guide to Web3

By : Vijay Krishnan
3 (1)
Book Image

The Essential Guide to Web3

3 (1)
By: Vijay Krishnan

Overview of this book

Web3, the new blockchain-based web, is often hailed as the future of the internet. Driven by technologies such as cryptocurrencies, NFTs, DAOs, decentralized finance, and more, Web3’s aim is to give individuals more control over the web communities they belong to. Whether you’re a beginner or an experienced developer, this book will help you master the intricacies of Web3 and its revolutionary technologies. Beginning with a concise introduction to blockchain and the Ethereum ecosystem, this book quickly immerses you in real-world blockchain applications. You’ll work on carefully crafted hands-on exercises that are designed for beginners as well as users with prior exposure. The chapters show you how to build and deploy smart contracts, while mastering security controls and discovering best practices for writing secure code. As you progress, you’ll explore tokenization and gain proficiency in minting both fungible and non-fungible tokens (NFTs) with the help of step-by-step instructions. The concluding chapters cover advanced topics, including oracles, Layer 2 (L2) networks, rollups, zero knowledge proofs, and decentralized autonomous organizations (DAOs). By the end of this Web3 book, you’ll be well-versed in the Web3 ecosystem and have the skills to build powerful and secure decentralized applications.
Table of Contents (25 chapters)
Free Chapter
1
Part 1 – Introduction to Web3
5
Part 2 – All about Smart Contracts
9
Part 3 – Writing Your DApps for Web3
12
Part 4 – Fungible Tokens
15
Part 5 – Non-Fungible Tokens
18
Part 6 – Web3 Advanced Topics

Tokenization

You have probably heard of the term digital assets. In Ethereum, tokenization is a simple way to create digital assets. Your tokens are a kind of digital asset. In simple terms, making traditional assets such as money, real estate, and creative work into digital tokens on the web is how you turn them into digital assets in the Web3 world. It involves creating a business model around these tokens to use them in the digital economy. Theoretically, you can tokenize anything that has a physical or virtual form in this world.

Tokenization refers to the process of digitally representing ownership of physical or non-physical assets on a blockchain network. Ethereum, with its versatile and robust platform for creating smart contracts, has emerged as a popular choice for asset tokenization.

Tokenization is the process of converting rights to an asset into a digital token on a blockchain. For example, valuable commodities such as real estate, artwork, precious metals, or company...