1/ 1/ The short history of Web3.
It is going to be a really short thread, the #DeFi historian promises.
Also, any reader will also become a prolific #javascript developer after reading this.
Storytime.
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It is going to be a really short thread, the #DeFi historian promises.
Also, any reader will also become a prolific #javascript developer after reading this.
Storytime.
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2/ Web3 originally meant three different APIs injected to web context. This was circa 2015-2016.
Web = web context
3 = three different APIs
Web + 3 = web3.
But what does this mean?
Web = web context
3 = three different APIs
Web + 3 = web3.
But what does this mean?
3/ API stands for Application Programming Interface. It tells how applications (developed by a software developer) can communicate with other applications that they have not developed themselves.
For example, how your wallet can communicate with #Ethereum is defined by API.
For example, how your wallet can communicate with #Ethereum is defined by API.
4/ "Context" in this case means simply "within a web page."
Any web page could access these APIs and build applications on the top of them. These applications become known as decentralised apps, or Dapps.
APIs are provided by a browser plugin (usually MetaMask).
Any web page could access these APIs and build applications on the top of them. These applications become known as decentralised apps, or Dapps.
APIs are provided by a browser plugin (usually MetaMask).
5/ For the #javascript developers, it means that you had window.web3 object which then gave you access to these APIs and you could build applications on the top of them.
6/ And the three APIs were...
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7/ - eth = Access #Ethereum blockchain data and make transactions
- bzz = Swarm. Decentralised storage. Now @ethswarm
- shh = Whisper. Peer-to-peer encrypted messaging.
- bzz = Swarm. Decentralised storage. Now @ethswarm
- shh = Whisper. Peer-to-peer encrypted messaging.
8/ eth API you all know very well. It is what makes your MetaMask and web page to work together. Every time there is a MetaMask pop up, a developer has developed on web3.eth and you are using it.
9/ @ethswarm has been out from the spotlight many years. But this blog post is promising the year 2022 to be the comeback of Swarm.
medium.com/ethereum-swarmโฆ
medium.com/ethereum-swarmโฆ
10/ Shhh.... very quit here? The only active Shh developer I know is @ethstatus
More here
status.im/research/securโฆ
More here
status.im/research/securโฆ
11/ Only one of three Web3 APIs was mega successful... #Ethereum. Because we needed peer-to-peer transactions and smart contracts more than anything else.
Also solving decentralised storage and p2p messaging is more difficult and has less money in them.
Also solving decentralised storage and p2p messaging is more difficult and has less money in them.
12/ Then the future happened
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13/ Of course, the term Web3 was later hijacked by venture capital firms to promote their investments.
14/ For consumers Web3 now means
- NFTs
- Dapps
- Any random low quality project that wants to raise money on questionable product market fit
- NFTs
- Dapps
- Any random low quality project that wants to raise money on questionable product market fit
16/ That's all today.
Now back to my coffee cup.
Now back to my coffee cup.
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