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

Summary

In this chapter, we delved into the world of ZKPs and their wide-ranging applications in cryptography, blockchain technology, and smart contracts. Here are the key takeaways.

We discussed the fundamental concept of ZKPs, which allows one party to prove a statement’s validity without revealing any additional information, enhancing privacy and security.

We explored how ZKPs are integral to privacy-focused cryptocurrencies such as Zcash and Monero, as well as Layer 2 scaling solutions such as zkSync, which leverage zk-Rollups to enhance transaction throughput and reduce gas fees on Ethereum.

Then, we introduced the concept of the zkEVM, highlighting how ZKPs can enable privacy-preserving smart contracts and computations, revolutionizing blockchain technology.

Although various zkEVM types exist, there is not a widely accepted classification system yet. Nevertheless, numerous projects and researchers are actively working on implementing ZKPs in Ethereum and creating...