Saturday, 9 July 2022

Easy Guide to Web3

Web3 is booming and there's no stopping this. It's not new, but at the moment it's reaching the millions. This is the next big thing for web-based development. Opportunities for employment in the web3 field are growing day by day. There is a high need for Blockchain developers Web3 developer, as well as other positions related to web3. There are many job and opportunities for web3 developers and it will rise in the near future.

What is Web3

For a beginner starting in the web3 development space, it can be hard to comprehend some concepts and terms. Let's look at the meaning behind these two terms: Web2 and Web3. What is Web3

WEB2

Web2 refers to the second revolution in the internet. It is the time during which the amount of the content creator on the internet has increased. Previously, Web1 was mostly end-user-oriented. It was used to consume data.

web3

Web2 was born out of the growth of social media, which allowed users to create content via the internet. This leads to the popularity of the content creator on the web and eventually becoming a well-known celebrity. The creator and the consumer increase in popularity.

Web2 is also known for its centralization of data. Big corporations typically control all the data in the world. One company owns several companies that acquire information from different sources. This is one of the problems for the internet2 and caused the new revolution in the internet.

WEB3

Web3 is regarded as the next step in the evolution of the internet. Web3 involves the decentralization information through blockchain-based applications and the use of the token to facilitate economic transactions. The term "Web3" was coined in 2014 by Ethereum co-founder Gavin Wood. The term has only gained traction recently due to so many platforms and resources available to build the blockchain-based app.

Developers has mixed feeling about web3. Some considered it an unsustainable trend that will not last long. Some believe in Web3 because of these reasons:

Community is building in recent times to help in learning and developing There are new ideas for startups based on web3

Companies are building tools that aid in the development process. There are grants available for web3 projects.

I highly suggest web developers to test the web3 at least for one time. Both Web2 and Web3 will be able to coexist with each other in the future. Let's move forward to understand web3 better. Blockchain is a permanent ledger system that keeps track of the transactions and is shared among the nodes i.e, the computer participating in the network. Blockchain Development

The Blockchain was popularized by a person (or group of people) with the assumed pseudonymous name Satoshi Nakamoto in 2008. Blockchain solved the problem of decentralization of data in Web2. Because the data is shared among the different nodes, there is no single person or entity having all the data.

Web3 Applications are founded on the blockchain concept. Bitcoin is a use case of blockchain. It is a ledger system that can be used for payments but blockchain can be used for any data transaction. There are a variety of networks based on blockchain like Ethereum, Polygon, Solona, Avalanche, and other.

Dapp or Decentalized application are applications that make use of smart contract, which is based on blockchain netwrok for its functioning.

dApp

Dapp(Decentralized application) is the same app that is a web application but that only extends smart contracts. It is possible to divide the Dapp into the following parts:

This is the way it is with web-based development. It is essential to have your front end developed with HTML, CSS, and JavaScript. You can use any framework, like React, NextJS, or any other framework.

You can utilize the backend to interact with the smart contract running in the network. It is possible to implement this into your frontend as well, but separate the frontend and the backend will allow you to control the app with ease.

Smart Contract will be deployed on the blockchain network. Our application will interact with it to facilitate the use and operation of our application.

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