Beginners Explanation to Web3

Web3 is growing rapidly and there's no stopping it. It's not a new technology, but now is the time it's reaching the masses. It is the next major technology for web-based development. The job opportunities in the area of web3 are growing day by day. There is a huge demanded for developers of blockchain, Web3 designers, along with other jobs associated with web3. There are numerous jobs and opportunities for web3 developers and this will increase in the coming years.

If you are a novice in the world of web3 development, it can be hard to grasp certain concepts and terms. Let's just understand the meaning behind these two terms Web2 as well as Web3.

WEB2

Web2 represents the 2nd revolution in the internet. It is the time where the number of content creators on the internet has grown. Before Web3 Video Presentation, Web1 was mostly end-user-oriented. It was used to consume data.

Web2 began with the advent of social media Why Web3 is the Future of the Internet, which allows users to create content online. This has led to the popularity of the creator of content online and ultimately becoming a celebrity. The creator and the consumer increase in popularity.

Web2 is also known for centralizing data. Big companies mostly control the data of the whole globe. One corporation owns multiple companies to acquire different data from multiple sources. This is one of the issues for the web2 and led to the new revolution in the internet.

WEB3

Web3 is regarded as the next revolution of the internet. Web3 refers to the centralization of data via 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. It is only gaining popularity lately due to the many tools and platforms that can be used to create the blockchain-based application.

Developers have mixed feelings about web3. Some considered it a trend that won't last long. I am a believer in Web3 because of these reasons:

Communities are growing in recent times to help in learning and development. There are startup ideas revolving around web3

Companies are developing tools to help the development process. There are grants for web3-related projects.

I highly suggest web developers to play around with the web3 at least for one time. The two technologies Web2 as well as Web3 will interact with one another in the near future. Let's look ahead to learn about Web3 more thoroughly. Blockchain Development

The Blockchain was popularized by a particular person (or group of people) who claimed to be the pseudonymous name of Satoshi Nakamoto in 2008. Blockchain solved the problem that data was distributed across the world via Web2. As all data are shared among the different nodes, there is no one particular person or organization having all the data.

Web3 applications are based on blockchain concept. Bitcoin is a use case of blockchain. It works as an electronic ledger system to pay for transactions but blockchain can be used to facilitate any kind of data transfer. There are a variety of networks based on blockchain, including Ethereum, Polygon, Solona, Avalanche, and other.

Dapp and Decentalized applications are the applications that use a smart contract, which are deployed on a blockchain network to function.

dApp

Dapp(Decentralized application) is the same application as a web-based application, that only extends smart contracts. It is possible to split the Dapp into the following parts:

This is as it is when it comes to web design. It is essential to have your front end developed using HTML, CSS, and JavaScript. You can use any framework like React, NextJS, or anything else.

The backend can be used to communicate with the smart contract deployed on the network. It is possible to implement this into your frontend too, but separate the frontend and the backend can help you manage the app easily.

Smart Contract will be deployed on the blockchain network. Our application will interact with it to ensure the operation and operation of our application. NFT Marketplace is an example of dApp. That's pretty much the basic design and structure needed for the creation of a dApp.

Smart Contracts

Smart contracts are computer programs that are non-modifiable once deployed, and automatically executed as long as the conditions specified in it are met.

In simple terms smart contracts are computer programs written in a programming language. These are non-changeable i.e they aren't able to make any changes once they are deployed. The contract is a function that can be called and executed at any time. It can be executed automatically when defined in a specific way. Smart Contracts form the backbone of dApp.

Smart contracts are built using blockchain-driven networks. Test networks are available, which are used during the development stage to check the operation of the app.

Once the smart contract is deployed after which the execution of the smart contract needs gasoline costs. Smart Contracts are executed in the form of a Virtual Machine. Ethereum handles the smart contracts with the Ethereum Virtual Machine (EVM). These gas fees are paid in terms of cryptocurrency. Ethereum uses Ether.