Saturday 9 July 2022

Why Web3 is Changing the Future

Web3 is booming and it is not slowing down that. It is not new but now is the time it's reaching the large numbers. This is the next big thing in web development. Opportunities for employment in the area of web3 are growing day by day. There is high demanded for developers of blockchain, Web3 developers, and other positions related to web3. There are many jobs and opportunities in web3 and this will increase in the coming years.

If you are a novice in the web3 development field it may be difficult to grasp some terms and concepts. Previously, Web1 was mostly end-user-oriented. It was used to consume data.

Web2 was born out of the growth of social media that allowed users to create content on the internet. This has led to the popularity of the creator of content online and ultimately becoming a celebrity. During this period the consumers and creators of content develop.

Web2 is also famous for centralizing data. Large corporations manage the data of the entire world. One corporation owns multiple companies What is Web3, which means they can acquire data from various sources. This become one of the issues for the internet2 and caused the new revolution in the internet.

web3

WEB3

Web3 is regarded as to be the next major revolution in the internet. Web3 is the decentralization of data through blockchain-based applications , as well as the use of tokens to facilitate economic transactions. "Web3" is what it's called "Web3" was coined in 2014 by Ethereum co-founder Gavin Wood. It has gained popularity lately due to the many tools and platforms that can be used to build the blockchain-based app.

Developers has mixed feeling about web3. Some consider it to be as a trend that isn't going to last long. I do believe in Web3 due to following reasons:

The community is growing in recent times to help in learning and developing There are new ideas for startups based on web3

Companies are developing tools to aid in the development process. There are grants available for web3 projects

I highly suggest web developers to try out the web3 at least for once. Both Web2 as well as Web3 will interact with one another in the near future. Let's look ahead to learn about web3 better. Blockchain is a unmodifiable ledger system that tracks the transaction and it is shared with the node i.e, the computer participating within the networks. Blockchain Development

The blockchain was first popularized by one person (or group of people) who claimed to be the pseudonymous name of Satoshi Nakamoto in 2008. Blockchain solved the issue that data was distributed across the world via Web2. Since the data is shared between the different nodes, there's no any one person or company having all the data.

Web3 Applications are founded on blockchain concept. Bitcoin is a use case of blockchain. It is a ledger system that can be used for payments however, it can also be used to facilitate any kind of data transfer. There is various network based on blockchain like Ethereum, Polygon, Solona, Avalanche, and other.

Dapp or Decentalized application are those application that uses smart contract, which are deployed on a blockchain network to function.

dApp

Dapp(Decentralized application) is the same application as a web application with the only extension of smart contracts. You can divide the Dapp into the following sections:

It's the norm in web development. You need to have your front end developed using HTML, CSS, and JavaScript. You can choose any framework such as React, NextJS, or anything else.

The backend can be used to communicate with the smart contract deployed in the network. It is possible to implement this into your frontend, however separate the frontend and the backend will allow you to manage the app more easily.

Smart Contract will be deployed on the blockchain network. Our application will be interacting with it to ensure the operation and operation of our application.

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