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

The state of Ethereum in 2023

As of 2021, Ethereum is the second-largest blockchain network by total value locked (TVL) after BTC. The Ethereum network has been growing rapidly in recent years, with an increasing number of dApps and DeFi platforms being built on top of it.

One of the biggest changes made to Ethereum was when it started using PoS. This made the network run faster and use less energy. Before that, Ethereum used PoW like BTC, but it required a lot of energy and couldn’t handle too many things at once.

Ethereum 2.0, also known as Serenity, is the name for the upgrade that aims to bring the Ethereum network to a full PoS consensus. It was rolled out in phases. The first phase, called the Beacon Chain, has already been launched and is currently running on the mainnet.

The Ethereum network has also seen significant growth in the DeFi space, with an increasing number of platforms and protocols being built on top of it. DeFi protocols and platforms provide a...