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

Running a Chainlink node

There are several ways to run a Chainlink node. In this section, we will look at two ways to become an operator.

Running nodes are always complex and resource-oriented tasks. The architecture of an oracle can vary depending on the specific implementation and use case, but an oracle can be broken down into several key components:

  • Data source: The data source is where the oracle retrieves the external data that it will provide to the smart contract. This can include web APIs, databases, IoT devices, and more.
  • Data integration: This part handles integrating the data from the data source into the oracle. This can include parsing the data, formatting it, and making it suitable for the smart contract to consume.
  • Data validation: This part handles confirming the data provided by the data source. This can include checking the integrity and authenticity of the data and ensuring that it is fit for purpose.
  • Data submission: This part handles sending...