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

Popular DAOs

There are so many popular DAOs that highlight the diversity of applications and opportunities that arise from decentralized governance and community-driven decision-making in the blockchain space. As mentioned earlier, we have many DAOs in popular cities around the world.

Here is a list of popular DAOs, with details about their founding date, location, purpose, and their current level of success:

  • The DAO: Founded in April 2016, in Zug, Switzerland. It aimed to operate as a decentralized venture capital fund, allowing members to vote on investment proposals. However, due to a security vulnerability, it suffered a major hack and funds were eventually recovered through a hard fork. The DAO was dissolved, but it served as an influential precursor to other DAO projects.
  • MakerDAO: Founded in December 2017, in Santa Cruz, California, USA. MakerDAO is one of the pioneering DeFi DAOs. It operates on the Ethereum blockchain and its primary purpose is to provide a...