Intro to Web3

Imagine a place that transcends the conventional use of the internet as merely a hub for sharing information or chatting with friends. Envision a space crafted on the foundation of trust—not the kind that arises from mutual assurance among users, but a trust meticulously woven into the fabric of technology itself, guaranteeing fair play for all. This concept may seem like a leap into the future, yet it's a reality unfolding before our eyes through the advent of web3.

Let's delve into a narrative that brings this idea closer to home: the tale of the Bitcoin pizza. Picture the year 2010, when an individual proposed a deal to exchange 10,000 bitcoins for two pizzas. Looking back from today's vantage point, where the value of bitcoin has skyrocketed, this transaction seems almost ludicrous. Nonetheless, at the time, it marked a significant milestone in the practical application of digital currency, proving that bitcoin could transcend its status as a mere digital novelty to facilitate real-world exchanges.

Fast forward to the present, we find ourselves at the cusp of revolutionizing the internet based on these foundational principles. This new iteration, known as web3, is characterized by the use of technology to ensure fairness, security, and autonomy in online exchanges—whether it's currency, art, or even a simple tweet—eliminating the need for traditional intermediaries such as banks or social media platforms.

This book is your portal from the quaint beginning of a pizza transaction to the vibrant ecosystem of web3. Here, digital currencies, smart contracts, and decentralized applications are redefining our understanding of the internet. It's a transition from an experimental phase to a groundbreaking system poised to reshape our digital interactions, livelihoods, and entertainment. Welcome aboard the journey into web3.