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

MetaMask: a self-custody wallet

A self-custody wallet, or a non-custodial wallet, is a type of cryptocurrency wallet where you as a user are in full control of your private keys. This means that you are responsible for the safekeeping of your own keys and have full access to your funds without the need for a third party or an intermediary.

With self-custody wallets, users can generate and store their own private keys and sign transactions on the blockchain themselves without the need to rely on a centralized intermediary. This provides users with more control over their funds and greater security.

Examples of self-custody wallets include the following:

  • Hardware wallets such as Trezor or Ledger
  • Software wallets such as MyEtherWallet or MetaMask
  • Paper wallets, where private keys are written down on a piece of paper

It is important to note that self-custody wallets come with the added responsibility of keeping the private key safe. If the private key is lost...