Decoding Web3 Development: Opportunities and Challenges

The Essence and Characteristics of Web3

Web3, as the vision of the new generation of the internet, aims to reshape the online ecosystem through blockchain technology. It has the following key characteristics:

1. Decentralized architecture, breaking the monopoly of giants.
2. Open participation, everyone is equal
3. Trust mechanism based on economic incentives

Momentum of Web3 Development

The Web3 industry has shown strong momentum since the DeFi explosion in 2020:

• The number of users is experiencing explosive growth
• Regions such as Hong Kong are actively embracing Web3 and frequently releasing favorable policies.
• It is expected that with the Bitcoin halving and the arrival of a bull market in 2024, the industry will further expand.

Advantages of Web2 Developers Transitioning to Web3

There are many advantages for Web2 developers to venture into the Web3 space:

• Maintain technical acumen and expand professional horizons
• Combine existing experience with new technology to stimulate innovation
• Prepare for the unexpected and lay out plans in emerging fields in advance.

Web3 Technology Stack Overview

The Web3 technology stack mainly consists of four layers:

1. Network Layer: Various public chains and Layer 2 networks
2. Blockchain Interaction Layer: Node services, browsers, and other infrastructure
3. Presentation Layer: Tools and Libraries for Developers
4. Distributed Application Layer: Various user-oriented DApps

DApp Development Skill Requirements

DApp development mainly involves two major directions: front-end and smart contracts.

• Frontend: Familiar with Web development + blockchain wallet integration
• Smart Contracts: Master chain-specific languages such as Solidity
• Backend: Understand blockchain SDK, proficient in languages such as Go/Rust.

Web3 Learning Recommendations

1. Follow industry media to grasp the latest trends.
2. Participate in developer community communication
3. Conduct in-depth research on project documentation and code
4. Accumulate experience through practical projects
5. Emphasize the cultivation of English proficiency

Web3 undoubtedly represents the future direction of the internet. For Web2 developers, stepping into Web3 not only allows them to leverage existing advantages but also to broaden their horizons and enhance their creativity. However, while seizing opportunities, it is essential to remain rational and focus on the essence of technology, engaging in endeavors that hold long-term value in order to steadily grow in this emerging field.