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Web3 is the next iteration of the web. As opposed to Web1, which consisted of static web pages, and Web2, which brought us web apps and the web as a platform, Web3 consists of decentralized networks built on blockchains.
There is a high demand for Web3 developers, as relatively few current developers are experts in this field. So if you’re an established Web2 engineer wanting to break into Web3, where would you start? What are the fundamental concepts to know, and what tools and technologies would you need to learn?
In this article, we’ll explore Web3, why it matters, and how it differs from Web2. We’ll then look at the tech stack that aspiring Web3 developers should become familiar with to get started.
Web3 101
Before we dig into the tech used in Web3 apps, let’s first begin by understanding what Web3 is and why it’s important.
Five key features of Web3 are decentralization, blockchains, security, scalability, and privacy. In the decentralized world of Web3, blockchain technology and other protocols fundamentally change how data is stored, distributed, and accessed while providing a native transaction layer. Popular use cases for Web3 are decentralized finance (DeFi and cryptocurrencies), voting through decentralized governance known as DAOs, and non-fungible tokens (NFTs) as proof of ownership.
It may sound cynical, but a lot of the motivation behind Web3 is based on the erosion of trust between users, companies, and governments.
In decentralized finance, users store their funds in their private wallets and make transactions without ever interacting with a centralized institution or relying on a state’s fiat currency.
A voting app built on a blockchain would make all voting data transparent and easily verifiable by anyone, so you no longer have to trust those in power that an election is being handled fairly. This is what makes Web3 “trustless”: the technology is transparent and secured by cryptography, so there is no need for blind trust in institutions.
Find out more about this interesting topic here.
Article source: https://article-realm.com/article/Computers/Software/25778-Essential-Web3-Tools-and-Technologies-Developers-Must-Know.html
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Decentralized finance empowers users through private wallets, eliminating reliance on centralized institutions. A blockchain voting app enhances transparency and verifiability, fostering trustlessness in elections and ensuring fair processes. Among Us