You have probably heard about Web3 and decentralization. Decentralization means you have the complete right to your own content. It means instead of centralized entities; ownership gets distributed amongst users. Every user that ownership over their content.
Think of a smart contract as a backend code, where the logic for the application happens. These smart contracts should be compiled into the binary format and then deployed on any blockchain. The complied file or ABI can be used in the front end to interact with smart contracts.
Now let's talk about querying the data. You can either use smart contract events with help of packages like ethers.js or you can use @graphprotocol.The Graph is an off-chain indexing solution that can help you query data in a much easier way. It uses GraphQL query language.
So, we have talked about many things such as Querying data, Signing transactions, storage, and providers but there is one more important thing that we need to consider. Scaling!!!
As you know Ethereum doesnβt scale properly. There are a few problems with Ethereum scaling, due to so many transactions, it is a bit slow and has high gas fees.
Here is where @0xPolygon comes in. Polygon is an L2 scaling solutionsthat is fast and cheap than Ethereum.
Here is where @0xPolygon comes in. Polygon is an L2 scaling solutionsthat is fast and cheap than Ethereum.
Conclusion
Of course, this is such an overview of it and it is just the beginning of Web3. I believe that we might see much better tooling in the future. I didn't mention anything about Oracles, because I have another separate thread for it, stay tuned :)
Of course, this is such an overview of it and it is just the beginning of Web3. I believe that we might see much better tooling in the future. I didn't mention anything about Oracles, because I have another separate thread for it, stay tuned :)
Loading suggestions...