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

Your First Ethereum Transaction

Now we are ready to learn how to make our first transaction using the Ethereum blockchain. Even though executing a transaction with Ethereum is simple enough, it has steps that we need to follow and it is essential to understand these steps to know what we are doing. In this chapter, we will prepare the wallet, initiate a transaction, sign the transaction, and submit it to the public Ethereum blockchain. We’ll learn how to look for this transaction using a blockchain explorer. Then, we’ll summarize everything so that you can try submitting new transactions and get your hands dirty before we dive deep into programming smart contracts.

In this chapter, we’re going to cover the following main topics:

  • Setting up Hardhat
  • Preparing your wallet
  • Initiating a transfer transaction
  • Viewing and verifying results

There are many ways to submit an Ethereum transaction. It also depends on what kind of transaction we...