Web3 Introduction: Technological trends that I can't remember in two years of retirement

If you want to hear stories about me I'm happy to fire a fireball. Summer is not yet here and it is best to stay cool. The best time is in the evening at sunset we sit at the back We sit by the pool We hear the children playing in the distance. Light hanging from a lake with a wide black sand beach and several tents. , cold nights arrive as expected.

There are so many stories about me online, there are versions here and there are versions. It is just a combination of similar elements of choice, luck and wealth. But when it comes to versions, I want to start from a distant day. It is a very long story in which an introverted boy tries to change himself but stubbornly chooses to stay with the law. It's the whole story of getting away from it all at a time that you have to choose. It's long, lethargic, and a little sad, it's both boring and insignificant compared to the drastic change that's happening right now. It is also personal, emotional and indifferent.

Thirteen years ago, I started to learn to code. It was also my first contact with the site. Like many, we have a curiosity for the unknown, but we can never predict the future. How have these technologies changed our lives over the past three years? People often choose to make the world a better place with a model in which employees criticize themselves. Because for a lot of people such an ideal goal doesn't seem to become realistic, but my opinion will be a little different. You can use it. The world has improved, but once a change begins we can make a difference.

A programmer for over 10 years, I've been hearing about things that are happening and have come to realize that the importance of this product is far beyond my imagination. These times are fantastic. For example, iPhones, social media, deep learning as recommended, these times are sometimes short. . story

But there is no story that turns into as big and expansive as Web3 and the search for rebuilding the internet we live in.

In April 2013, while watching the hacking news, I was satisfied with a cryptocurrency algorithm called Bitcoin, and when this article came out, the value of Bitcoin hit $ 100. Alipay's Experience and Technology Department that week, when I tried to remove the wallet, it took a long time to sync all the data. After a few days I got it. wallet. I received a transfer from a friend.

Only six months later, history repeated itself. But this time the cost is over $ 1000. Due to the significant differences between foreign and domestic trade, I wrote a simple command line question board for two days and put the npm under the name btc. available in the community.$ npm installer BTC

Then, in 2017, history resurfaced and we saw the shocking “price bubble” and ICO confusion. It was also the year that I first tried to write a smart contract. Of course, in my time frame it has also been a year of turmoil and dawn.

If a story unfolds the same way three times, you'll almost conclude that it will happen again. I just can't figure out what form it will come out of. After deciding to retire in February 2020, many things affected his old plans, and the constant international epidemic forced him to temporarily put all of his plans on hold except to write text and focus on managing his. own life. These two years have been very calm for me, but they have been a mess in the world of Web3.

Apart from the chewing gum, what has changed and what may have caused the change?

Some start with DeFi Summer 2020.

In the film "Spirit of the Age" he said that the basis of governance today works in the way the Federal Reserve creates money that is not available in the air, which means no only assets but also guarantees. Unless he proves to the public that the ERC-20 token is not only economically viable, but a house of white cards in the sky, it won't be able to bubble. DeFi intelligently automates banking transactions through contracts, becoming a 'bank on the chain'. These changes made the pool more stable, absorbing the chain's assets like a sponge, and the companies themselves became DeFi users.

As the lake of chained stability pieces grows, the story changes. What we think BTC or ETH should do is make more and more ERC-20 Stable Coins. These tokens have all of the following advantages: free flow, stable value and can be extracted by “liquid” in the air. that is to say that the intermediate and derivative exchanges are always formed by a combination.

At the same time, the consensus of the deal allows real US money to flow into a single interconnect through the bridge interconnect (i.e. blockchain and its two-tier solution). Hegemony increases with the scale of stable outcomes. Its growth continues towards blockchain, the trading of derivatives for all network connections, which have long been closed in the network. Why would you need a bank if merchants can get a strong, transparent 24/7 giveaway? DeFi logically tells an indestructible story that anyone can and wants to understand.

I think this story could be the basis for everything that happened after that.

If ERC-20 can represent stable income, why can't it represent capital? If even the toughest businesses can be transformed by automating contracts, what organization can't?

There is no doubt that DeFi opened people's minds to the important architecture represented by ETH. And this thinking is more than the change that has taken place on the Internet.

The potential of the strongest human being, the lord of this blue world, is in the works. We have a very thoughtful and efficient mind, able to break down anything difficult into simple tasks, detailed information and solve them one by one. By installing the most powerful brain in the world, we can get more energy than the world knows. You must be strong.

DAO is the product of this theory. We can understand DAO as a “chain business,” whose simple commerce is built on smart promises.These contracts can clarify and resolve issues such as decisions, payments, expenses, investments, etc. Tokens are stored in multiple linked wallets, and members can use any method (whether they manage tokens or not). of DAO)), all public exchange shares (management tokens) provided by a DAO can be used for identification in order to obtain independent participation and deletion, due to the similarity of the token contract and '' improve the connection method. The acquisitions and investments of every network investor mean that DAO was already a global company when it was born.

Recently, many investments in the cryptocurrency industry have paid off in the form of tokens, which seems to prove that the value of the DAO managed token has been widely accepted in the market.DAO value tokens are a powerful addition to DeFi. Investors can spend a lot of money to find stable capital in the market or use part of their capital to invest in a growing organization, developing a new DAO to generate income.

As the fixed cost of network connectivity increases, the human resource market will increase further depending on the network itself, which means not only investments, but also trading and purchasing.All of these actions are worthless if you have to rely on an over-the-counter (OTC) or medium-term exchange to convert your tokens into fiat so that you can make a purchase.

The virtual world business has been working with the Internet for many years, but in the case of interconnections, the most important thing is to establish the rights of the virtual device. We create value on the Internet, not because we sell products on the Internet, but because the images, text, videos, and even numbers that we create are commercial products. In the world of the Web2, it is almost impossible for such a product to be protected by copyright. Not only because our account belongs to the marketing company, but also to change the conditions and "free" models of making money is an important part of Internet marketing products.

The NFT represented by ERC-721 is the protagonist of this story.Almost everyone has heard the story of OpenSea's growth as the volume of the NFT industry explodes in 2021, but even though OpenSea is the largest industry in the world, it is only 1/1 the size. of existing retail space. Unlike money, commodities have unique properties and, in particular, virtual world products have a unique advantage over non-commodities.

Heritage is one of the most important foundations in business thinking.Sometimes they don't necessarily represent merchandise, but sometimes they represent gifts or personalities, and the potential of NFTs lies in their ability to tell great stories. , thinking like DAOs. Tickets can be NFTs, signs can be NFTs and do not represent a price but have a special price. These benefits will not be affected by the ERC-721 contract, but will generally be reflected in the subsequent agreement. An inimitable metadata system

If the certification law only establishes virtual property rights, it cannot explain the property exchange provided by Web3.Since DApps are created by a shared agreement, registration and access is not required. All information about user behavior is stored on the public network readable by all devices, of course user privacy is offline and secure.

The wallet war hasn't started yet, but the Web3 wallet has become a reality on the network portal. Companies do not have user data tables and have lost this value. Exchange, since all the devices can read and understand the exchange data in a network connection, DApp can work on other devices without creating a private API, but pure DApp cannot work in the long term. In the long run, however, this practice could free the business of most businesses from trivial problems and focus on providing better services to users.

For businesses to host Web3, they need to sign in to a wallet (or create a wallet for their users).This will create a new way to reach users because human behavior can describe groups better than others and it is one of the biggest ranking issues for big platforms like Taobao (user data consumption) . Companies are unlikely to adapt these benefits to the new connectivity, but some of the new services will become new features with improvements to Web3.

Many people think that DApps is just a combination of a traditional web interface and a smart contract, but the story behind it is this:In the world of Web3, different products can come together and collaborate on functions never seen before, and users can move between staff and utility of different products.No time on the internet has ever done that. After all, we've never even come to the conclusion of HTML rendering logic on a mailbox.

You won't be confused if you see this as we have developed a lot of new ideas in a short period of time. In some of the stories above, we want to avoid mentioning specialty companies and products. Because there are so many professional engineers creating dazzling new products that affect people and keep them from focusing on thinking about problems.

These are completely different stories that are similar to the stories that happened in 2011, 2013, and 2017, and the changes that took place over the span of two years. The word "bubble" is what I think.

With the design of multiple channels and the rise of DeFi, more and more assets are slowly being integrated into equal networks, allowing people to enjoy the benefits of a stable and affordable investment in the network, to purchase products and graphics and to create decentralized organizations based on smart technologies. contracts. These organizations are spread all over the world. Members work together through the network and distribute their salaries and assets in the form of tokens. All of this product only requires you to access: Same Web3 bag.

It looks like a few stories have been shared by Lego. According to Chinese netizens, it has created a "closed loop". I think that's the charm of Web3. This whole story is no big deal. The marketing company is a new network made up of different products, different DAOs and interconnected processes. That's why I always call it "parallel network".

Unlike the traditional Internet, this connection is its own network of value streams. These results are driven by a number of ETH-inspired processes. This approval process, this accounting layer, this storage layer, and this application layer support the next generation of the Internet. The applications are different, but they are all indicative. The same future decision:

An open and free internet range for users to enjoy, expand, expand and stay the matrix.