Julien Klepatch, CEO and founder of EatTheBlocks, talks about the advantages of Web3, building web applications with Web3, its connection to Blockchain, and more! They discuss trade-offs in transaction security, purchasing tools at Harbor Freight, and engage in light-hearted conversations about board games and movies with emotional impact.
Web3 applications use blockchain and IPFS to ensure decentralization and provide ownership and control over data.
Web3 brings advantages such as user ownership of data, transparency in content sharing, and decentralized finance opportunities.
JavaScript developers can easily integrate with Web3 by using libraries and APIs to interact with smart contracts and blockchain data.
Deep dives
Web3 and Decentralized Applications
Web3 is the concept of building decentralized applications that are not controlled by any central authority. These applications use technologies like blockchain and IPFS to ensure decentralization. Social media platforms like Lens and decentralized marketplaces like OpenSea and Uniswap are examples of Web3 applications. The blockchain layer is the core of Web3 apps, enabling ownership and control over data. Web developers can build Web3 integrations using APIs and libraries to interact with smart contracts and blockchain data.
Advantages and Opportunities of Web3
Web3 brings several advantages and opportunities. Users gain ownership and control over their data, ensuring privacy and autonomy. In social media, Web3 provides a solution to censorship and allows for more transparent content sharing. In finance, Web3 enables decentralized exchanges and the creation of new financial assets. Web3 also challenges existing systems, such as the geopolitical dominance of the US dollar. While there are challenges in terms of scalability and user experience, progress is being made to address these limitations.
JavaScript and Web3 Integration
JavaScript developers can easily integrate with Web3 by building front-end integrations. They can interact with smart contracts and blockchain data using libraries and APIs. Blockchain APIs like Infura, QuickNode, and Alchemy provide access to Ethereum nodes, simplifying the integration process. JavaScript developers can leverage tools and libraries that offer lightweight wallet creation, address generation, key signing, and more. Web3 integration allows developers to incorporate decentralization into their web applications, giving users more control and ownership over their online experiences.
The Future of Web3 and Improvements in UI/UX
The podcast discusses how Web2 applications will transition into Web3, focusing on the importance of retaining ownership over in-game assets and the clunkiness of current Web3 experiences. The speaker mentions a major improvement in UI/UX, the development of smart contract wallets, which will offer features like social recovery and customizable spending authorization. While progress has been made in terms of UI/UX, there is still room for improvement.
Scalability and the Shift to the App Layer
The podcast highlights the scalability issue in current blockchain networks, specifically high transaction fees on Ethereum. The introduction of sharding and layer 2 blockchains is expected to address this concern. However, the speaker emphasizes the need for more focus on building actual use cases in the Web3 space, shifting from infrastructure to the app layer. The dominance of Ethereum in the Web3 space is recognized, with other networks potentially integrating technological improvements into Ethereum rather than competing directly.
Julien Klepatch is the CEO and founder of EatTheBlocks. He joins the show to talk about Web3. He begins by sharing his past experiences and how he became a Software Developer. Additionally, he explains the reasons why developers should get into the Web3 world, its advantages, building web applications with Web3, its connection to Blockchain, and many more! Sponsors
