Web3 – Online IT Bootcamp; Learn Coding, Data Science, AWS, DevOps, Cyber Security & Salesforce https://clarusway.com Reinvent Yourself Sat, 23 Mar 2024 21:13:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://clarusway.com/wp-content/uploads/2022/07/favicon-35x35.png Web3 – Online IT Bootcamp; Learn Coding, Data Science, AWS, DevOps, Cyber Security & Salesforce https://clarusway.com 32 32 What is Cold Wallet? How Does it Work? What to Be Careful About it? https://clarusway.com/what-is-cold-wallet/ Tue, 04 Apr 2023 21:20:37 +0000 https://clarusway.com/?p=31854 A popular saying in the cryptocurrency world goes, ‘not your keys, not your coins.’ The saying implies that if you do not have custody of your crypto keys, you do not control the assets in the wallet. As the value of cryptocurrency increases, it is important to look for a reliable way to store them securely. Considering this, a cold wallet is a secure way to store your asset.

In this article, we will discuss cold wallet storage, how it works, how to set it up, and the pros and cons of using a cold wallet.

cold wallet

What is a Cold Wallet?

A cold wallet is simply a wallet that stores cryptocurrency and other digital assets without an internet connection. Crypto wallets or web3 wallets are designed to protect public and private keys, and cold wallets safeguard cryptocurrency keys offline using a hardware device. A cold wallet is also referred to as an offline wallet, hardware wallet, or cold storage wallet

What are the Types of Cold Wallets?

What are the Types of Cold Wallets?

Cold wallet store cryptocurrency using hardware. Hardware refers to tangible items that can be seen and touched. The type of hardware used in storing cryptocurrency determines the type of cold wallets. They include the following:

Paper Wallet

Paper wallets are physically printed documents such as paper that have your public and private keys on them. Paper wallets have the keys printed in QR codes and can be accessed by scanning. A paper wallet is secure to use, provided the safety of the paper is not compromised because there is the risk of damage or theft. Paper wallets eliminate the possibility of hacking. 

Hardware Wallets

Hardware wallets are physical devices that look like USB cables and are used to save private keys offline. Hardware wallets allow users to access their assets by connecting the device to computers using desktop apps. In addition, hardware wallets eliminate the risk of hacking as the private keys never leave the device. Good examples of hardware wallets are Ledger Nano S and Trezor.

Sound Wallets

Sound wallets are cold storage wallets where the seed phrase or private keys are stored as an encrypted audio file. The sound wallet is an encrypted cold wallet that can be likened to paper wallets but in an audio format. The wallet is decrypted using a stethoscope app, or the information will sound like white noise to listeners. A sound wallet is safe, but it is an expensive and obscure method of storing bitcoins or other cryptocurrencies.

Deep Cold Storage

Deep cold storage is a way of keeping your cold wallets from being accessed easily, even by the owner. Deep cold storage can include keeping your cold wallet in a vault or safe deposit box. However, despite the safety of using cold wallets, there is the risk of damaging the paper wallet or misplacing the hardware wallet. 

Offline Software Wallets

Offline software wallet provides the function of both an offline and online wallet by storing the private keys offline and public keys online. Then, a new unsigned transaction is generated by the online wallet and sent to the offline wallet for signing. Finally, the signed transaction is broadcasted to the blockchain by the online wallet after it has been transferred from the offline wallet. 

Using an offline software wallet will be difficult for less technical users, but it is safe to use. It eliminates the risk of hacking because the private key was never connected to the Internet. Users can remove the offline wallet after signing a transaction when using offline software wallets. Examples of offline software are Electrum and Armory.

Brain Wallets

Brain wallets are cold wallets that store private keys in the user’s memory rather than online. A brain wallet is a type of wallet where the user memorize the seed phrase after it has been generated. The drawback of a brain wallet is the possibility of forgetting the seed phrase. Mycelium is an open-source cold wallet that can generate seeds for a brain wallet.

Why Do You Need a Cold Wallet?

One of the drawbacks associated with crypto wallets is the risk of hacking. There have been so many cases of users losing their assets in hot wallets because of hacks. These hacks happen online, either by downloading malware, visiting phishing links, or even click-baiting. 

A cold wallet is essential if you have cryptocurrency you cannot afford to lose. Cold wallets were created to eliminate hacks by storing private keys offline, making it impossible for hackers to access them via the internet. Another good reason why you need a cold crypto wallet is that it gives total control over private keys and funds. 

How Does Cold Storage Work?

Web3 wallet simply stores private keys and public keys of crypto assets. Private keys are alphanumeric codes used in cryptography to access funds and prove cryptocurrency ownership. Public keys are code that can also be alphanumeric and allows users to receive assets.

Cold storage works by ensuring the safety of private keys and creating an offline environment for it to sign transactions. The private keys are temporarily connected to the internet to sign transactions and then disconnected to prevent hackers from accessing the private keys. Therefore, cold storage ensures the private keys are not connected to any server online, which can compromise its security. 

What Happens When You Put Cryptocurrency in Cold Storage?

Cryptocurrency in cold storage means you are saving your wallet keys offline. Cryptocurrency ownership is stored on the blockchain, so you can always see your assets in your wallet but only access them with the private keys using a mobile cold wallet.   

What Happens When You Put Cryptocurrency in Cold Storage?

How to Use a Cold Wallet?

A cold wallet will help secure your bitcoin or altcoins by storing the seed phrase offline. Here is a step-by-step guide on how to use a cold wallet or transfer your assets to a cold wallet. 

Step 1: Buy a Hardware Wallet 

The first step is to buy a hardware wallet from any manufacturer of your choice online with your credit card or from stores near you. Ledger and Trezor are popular hardware wallet manufacturers.

Step 2: Set up The Hardware Wallet 

After buying a hardware wallet, the next step is to set up the hardware cold wallet by following the instructions in the manual. You will need to set up a Pin for the wallet. During set up, write down the 24-word seed phrase given to you and keep it safe. 

Step 3: Transfer Cryptocurrency

To transfer cryptocurrency into your cold wallet, you have to generate a public key that will be used to receive the crypto. Your public key will receive your preferred cryptocurrency in your cold wallet. You can also buy cryptocurrency using your credit card from different platforms and transfer it into your cold wallet.

Step 4: Store Safely

Disconnect your USB cold wallet from your computer and keep it safe when not in use. 

What is The Difference Between a Cold and Hot Wallet?

The difference between a cold and hot wallet lies majorly in how their keys have been stored. A hot wallet has its private keys stored online, while a cold wallet has its private keys stored offline. The hot wallet vs. cold wallet debate is popular in cryptocurrency as many crypto enthusiasts prefer one over the other for different reasons. We will highlight different aspects in which both types of wallets are different from each other. 

differences between cold and hot wallet

Security

Cryptocurrency is decentralized, and there is no insurance whenever assets are lost, meaning users should be responsible for securing their assets. In terms of security, cold wallets are considered more secure than hot wallets because they are not prone to online attacks like hacking.

Cold wallet crypto is secure because the private key is not connected to any server online, making it free from hacking. In contrast, the private key of a hot wallet is stored online, making it prone to attacks. In addition, some hot wallets are usually custodial wallets and password protected, giving a user little authority over their assets.

User Experience

It is easier to use a hot wallet than a cold wallet. Cold wallets require an extra step of connecting the hardware to the internet before transactions occur. Hot wallets do not require extra measures, making it easy for users to transact easily. In addition, setting up a cold wallet can be difficult for users that are less technical.

Cost

A crypto cold wallet is expensive, unlike hot wallets like web wallets and desktop wallets, which are usually free. Hardware wallets like USB cold wallets cost between $100 to $200. 

Capacity

Regarding capacity, hot wallets are preferred because many cryptocurrencies accept them for storage. However, only reputable cryptocurrencies like Bitcoin and Ethereum are accepted for storage for offline cold wallets. 

Hot wallets offer more crypto solutions than cold wallets. For example, a multisign wallet is used to authorize a transaction from more than one source. In addition, multi-signature wallets provide an extra layer of security for users. 

Suitable Users

Mobile wallets are a good example of hot wallets used by cryptocurrency traders that want quick payments. On the other hand, cold wallets are used mainly by people who want to store their crypto assets in a highly secure environment.

suitable users

How Do Cold Wallets Prevent Theft?

One of the significant reasons for crypto-asset theft is the vulnerability of private keys. With hot wallets, private keys are generated and stored online. In addition, hot wallets digitally sign transactions online using private keys. This can cause hackers to access the private keys used to sign the transaction after it has been broadcasted.  

Cold wallets prevent theft by ensuring private keys are not exposed online and also creating an offline environment to sign transactions. 

Can You Lose a Cold Wallet?

It is possible to lose or misplace your hardware or damage your wallet, as in the case of a paper wallet. Therefore, it is important to always do a cold wallet backup for your wallets by keeping your recovery seed safe. 

Can Wallets Be Hacked?

Yes, wallets can be hacked especially hot wallets. Hot wallets store their private keys online, either on a device or an application. This makes them susceptible to different hacking strategies, such as using malware or phishing links. Cold wallets are the most secure form of safeguarding cryptocurrency.

What are the Pros and Cons of Crypto Cold Wallets?

One of the significant features that make crypto cold wallets unique is the security they provide. In this section, we will highlight the common pros and cons associated with using cold crypto wallets.

Pros

  • Cold wallets are not prone to hacking.
  • Every transaction must be signed using the hardware wallet.
  • Provides an extra layer of protection with pin protection.
  • Assets can be recovered if the seed phrase is still available. 

Cons

  • Hardware wallets are expensive.
  • There is the risk of losing your hardware wallet or damaging a paper wallet.
  • There is a limit to the number of cryptocurrencies that can be stored in cold storage.

Final Thoughts

A cold wallet is a secure and reliable way to store your cryptocurrency. They provide immunity against hack and theft by storing your private keys offline. Different types of cold wallets are available, with hardware and paper wallets being one of the most popular.

Cold wallets offer higher security than hot wallets, but it is less convenient to use. Unlike custodial hot wallets, they also give you total control over your assets. It is important to always back up your seed phrase when setting up your wallet. 

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How to Learn Web3? https://clarusway.com/how-to-learn-web3/ Sat, 05 Nov 2022 12:11:26 +0000 https://clarusway.com/?p=26872 Are you one of those that asked many questions when they first heard the term ‘web3’? Is web3 a website or a programming language? What is web3, and even more importantly, how do I learn web3

Web3 is considered one the most lucrative sectors in the world, but many people are confused about what web3 is or how to switch careers to web3. By the end of this article, you should know what web3 is and how to learn web3. Before we dive into how to learn web3 development, let’s briefly talk about what web3 is.

web3

What is Web3?

Web3 is the advanced version of the present-day internet known as web2. Web3 is simply the decentralized version of the internet, built on blockchain technology to give more power to internet users. Web3 will complement the flaws of web2, which is the centralization of authority by a small group of tech companies like Google, and Facebook that is in charge of our data.

The core value of web3 is to create a decentralized, permissionless, and trustless version of the internet. A decentralized internet puts users in charge of their data and assets. A permissionless internet gives everyone equal rights to participate without barriers. With the introduction of blockchain smart contracts, web3 creates a  trustless internet that eliminates the need for third parties or censorship by a centralized authority. 

The introduction of web3 has brought a change to how we do things traditionally. Decentralized finance and cryptocurrency have changed traditional banking by putting users in total charge of their assets by just using a web3 wallet. Besides the job opportunities in Web3, there are opportunities like running a node or mining. For example, running an Ethereum node does not have a monetary incentive but allows access to the Ethereum network and keeps it secure.

Where Can You Learn Web3 Development?

According to an analysis by  Market Research, the Web3 market will be worth 6 billion dollars in 2023 and will do even better in the coming years. This is a lot of zeros to go around if you get involved. Therefore, learning web3 places you ahead of the pack because there is high demand for developers in the web3 space to build web3 apps.

Presently a web3 developer is one of the highest-paid developers in tech. The average salary of an Ethereum developer is $150,000, according to ZipRecruiter. The lucrativeness of web3 jobs has made many people want to switch careers to web3. 

Web3 is still a young and thriving sector with room for growth and more hands. Since web3 is a new industry, many people find it challenging to start a career path in web3. In this section, we will discuss all the necessary steps required for you to learn web3 development.

Where Can You Learn Web3 Development?

Step 1: Sign Up For Clarusway Web3 Course

To get started in web3 development, the very first step is to get a very detailed web3 course or join boot camps organized by experienced web3 developers. Bootcamps are an effective way of acquiring new tech skills as they set you on the right path to a successful career. 

Clarusway provides the course to learn web3 development you can apply now. The boot camp offers a 24-week blockchain and Web3 development Bootcamp that teaches students from scratch and provides a post-learning mentorship program. 

This course teaches students to code web3 languages, develop smart contracts, create NFT collections, and more. The course also offers to teach you how to utilize your skills in real-life projects and present them on your portfolio when searching for jobs.

Join Clarusway Discord Server 

Step 2: Join Clarusway Discord Server 

Discord is an app initially designed for gamers, but it is also a social messaging app used in the web3 space. Most web3 communities are created on the discord app. Clarusway discord channel allows students to share ideas, ask questions and learn from one another on the server. Also, students can access resources, events, and jobs on the server.

Step 3: Follow Web3 Developers

One of the fastest ways to grow is by following the footsteps of experienced people in the field. Many web3 developers share their work on their different social media platforms. Some popular web3 developers include;

  • Vitalik Buterin – Co-founder of Ethereum
  • Anatoly Yakovenko – Co-founder of Solana
  • Tim Beiko – core Ethereum developer 

Step 4: Subscribe to Web3 Newsletters

To learn web3, it is necessary to stay up to date with trends in the industry. Crypto Newsletters and web3 blogs provide web learning resources, updates, and tools for developers. Some popular crypto blogs are The Block Crypto and EthHub Weekly.

Subscribe to Web3 Newsletters

Step 5: Participate in Web3 Hackathon 

Hackathons help developers learn on the job by carrying out real projects and trying to solve real problems. As a web developer, participation in hackathons helps build your portfolio, and it is an opportunity to win prizes and grow your network by getting acquainted with other developers. Some popular hackathons exist in the web3 space, like Polygon BuildIT, Chainlink Fall Hackathon, ETHDenver’s BUIDLathon, and Solana Summer Camp.

How Long Does it Take to Learn Web3?

Learning web3 from scratch would take 24 weeks to go through the Clarusway web3 course for blockchain and web3 development. The course offers a roadmap to learning web3 that takes students from being beginners to advanced web3 developers. 

The web3 learning path is broken down into two parts: The technology Module and the Development Module. The technology module includes topics like Consensus mechanisms, smart contracts and Ethereum, Dapps, Daos, web3 wallet, and so much more. The Development module includes topics like Terminal Git, HTML, Introduction to Web3.0, Javascript, Solidity, Web3.0 Libraries, Chainlink, The Graph, and GraphQL.

What Skills are Needed for Web3?

There are so many skills needed in the web3 space. If you are already into tech, then you are halfway into the world of web3. One of the most sought-after skills in web3 is a smart contract development and blockchain development. Other skills like full stack development, UX Design, community management, and content creation are also in high demand.  

What Knowledge Do I Need to Learn Web3?

By enrolling for the web3 course by Clarusway, you do not need any previous knowledge of any programming language. The technology module is created to teach you from scratch and make you ready for employment.

Is Web3 Easy to Learn?

Learning web3 is not difficult, but getting access to the right resources or course is the hurdle. The Web3 space is still growing, and access to learning resources is quite complex. 

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What is a Web3 Wallet?  https://clarusway.com/what-is-a-web3-wallet/ Thu, 11 Aug 2022 12:36:10 +0000 https://clarusway.com/?p=23781 Getting a wallet is one of the first steps in getting started in web3, cryptocurrency, and blockchain technology. One fundamental aspect of blockchain technology we need to understand is getting a wallet.

Take this article as the first module in learning about web3, as you will get to learn everything there is to know about a web3 wallet. Then, we will discuss the types of wallets, their pros and cons, and different web3 wallet alternatives.

web3 wallet

What is Web3?

Web3 is a term created by Ethereum’s co-founder Gavin Wood in his article Insights Into a Modern world, where he described Web3 as the “Post Snowden Web”. He talked about the need for us to get a zero-trust interaction system that makes users of the web in charge of their data.

Web3 is the version of the internet based on blockchain technology. It is the generation of the internet that takes decentralization as one of its fundamental core. Also, Web3 aims to put power in the hands of internet users, giving them more control of their data. 

What is Web3?

Web3 aims to enhance the version of the internet we know of today, which is web2. One of the many ways web3 will enhance the internet is through payments and identity. Web3 applications run on a blockchain or decentralized networks, known as Decentralized Apps (DApps).

Web3 and cryptocurrency go hand in hand as cryptocurrency plays a major role in web3. Different DApps use cryptocurrency as a financial incentive to encourage users to participate. Users can be rewarded for using a platform which is not the case with web2 platforms we know of. 

To learn more about What is web3? You can read the article ”What Is Web3? Full Guide To Understand Web3

What is Web3?

What is a Web3 Wallet?

A web3 wallet is simply a digital wallet that can be used to store digital assets. These digital assets include Non-fungible tokens (NFTs). A “crypto wallet” is the same as a web3 wallet, and it is a tool for accessing the web3 economy, allowing users to interact with Dapps. 

Web3 wallets are often non-custodial wallets, meaning that the wallet owner can store digital assets without needing a third party. Furthermore, the absence of a third party eliminates the need for KYC/AML, which preserves the privacy and anonymity of wallet owners. 

It simply means the wallet owner has total control over the wallet. On the other hand, there are custodial wallets, and a centralized authority like centralized exchanges usually secures them, but they cannot be used on a web3 platform.

A web3 wallet comes with its unique private keys or seed phrase that is used to access the wallet, and the responsibility of securing the wallet lies with the owner of the wallet. Asides from the function of being able to store digital assets, a web3 wallet is used to send and receive digital assets and swap tokens.

In Web3, a user’s identity is the web3 wallet that is used to interact with the Dapp. This enhances the traditional login authentication of email and password. Web3 wallets are anonymous, but users can decide to tie their identity to a wallet publicly.

What is a Web3 Wallet?

What are the Types of Web3 Wallet?

Web3 wallets are used mainly for interacting and connecting with decentralized applications (Dapps) and carrying out transactions on the blockchain. Web3 wallets are categorized into Hot wallets or Cold wallets.

types of web3 wallet

Hot Wallets

Hot wallets are any crypto wallet that is connected to the internet. They are easy to use and are the most common type of wallet. Although they are called hot wallets because funds are saved online, one popular drawback of this type is the vulnerability of the wallet as they are prone to hacking and malicious attacks.

Hot wallets can be further broken down into 2 different types;

Web-Based Wallets

A good example of this type of wallet is the MetaMask wallet. Most web-based wallets work as extensions for browsers. Users can send cryptocurrency and interact with web3 platforms.

Mobile wallets

A very good example is Trustwallet, which allows users to store and manage assets on their mobile phones. In addition, users can use their wallets to also interact with web3 platforms using a protocol called Wallet Connect. WalletConnect is a protocol that establishes an encrypted connection between two applications, wallets, and devices.

Cold Wallets

Wallets that are not connected to the internet are called cold wallet. Instead, there are hardware devices that store cryptocurrency offline. Cold wallets are the most secure kind of wallet because they are less prone to malicious attacks and are hack-proof. Trezor and Ledger are the popular cold wallets available on the market.

cold wallets

Private keys are stored on the internet or cloud for hot wallets, while private keys are stored offline in a cold wallet. A cold wallet is designed to be immune to hacking because every transaction requires an additional signature on the wallet.

Pros of Web3 Wallet

We have established the fact that a web3 wallet is our gate pass into the web3 ecosystem. The advantages of using web3 wallets are as follows;

Easy to Use

Web3 wallets are easy to use as they are very easy to set up, even for people new to cryptocurrency. A web3 wallet can be created in very few easy steps, and users can start transacting. Users can easily get wallet balance web3, and send and receive assets instantly.

Privacy and Anonymity

Users’ privacy is a significant feature of using a web3 wallet. To interact with any web3 platform, all you need is a web3 get wallet address which is a string of letters and numbers where cryptocurrencies can be sent to and from. The wallet address also serves as an identity to interact with web3 apps.

Security

The responsibility of securing assets is on the users. Web3 wallets ensure utmost security, and even the wallet developers cannot access the wallet, which is why users are advised not to reveal their private keys to anyone.

Freedom

Users are in total control of their wallets, and since they own the private keys, all assets in the wallet belonging to the user. Web3 wallets also give users the liberty of sending their assets to anyone and anytime they like. There is no censorship because no one controls the network.

Freedom

Cons of Web3 Wallet

Despite the numerous advantages of web3 wallets, there are some cons associated with web3 wallets, and they are highlighted below;

User Responsibility

Users are their bank, meaning they have to take yresponsibility for anything that goes wrong.

Technicality

Some people find it to navigate through a web3 wallet for reasons like terminology or because they are unfamiliar with the new ecosystem. 

Vulnerability

There is the risk of hacking or getting attacked by malicious links when private wallet keys are compromised. 

Vulnerability

Why Do You Need a Web3 Wallet? 

One of the primary reasons we need a web3 wallet is to manage crypto assets fully.Web3 wallets have simple user interaction. There are usually two main action buttons: Send button and Receive button for users to send out and receive crypto assets, respectively.

Another important reason a web3 wallet is needed is Accessibility. Web3 wallets are used as gateways to access numerous web3 platforms. Furthermore, using web3 wallets, users can gain access to DApps as most DApps require crypto assets. A very good example of such DApps is Decentralized Finance (Defi). Therefore web3 wallets can also be used as Defi wallets.

What are Web3 Wallet Alternatives?

There are a reasonable number of web3 wallets in the world right now, and they are of different types. The purpose of all web3 wallets is the same, but every single web3 wallet has a unique feature that differentiates it from the other wallets.. For example, some are web-based while some are mobile wallets, not forgetting that they are cold wallets i.e, hardware wallets.

Due to the growing number of web3 wallets, selecting from numerous alternatives can be difficult for a user. Therefore, we will highlight 3 of the best web3 wallet alternatives in the world presently. 

MetaMask

MetaMask is one of the most popular web3 wallets in the world. According to Consensys, in a press release in August 2021, MetaMask has 10 Million MAUs (monthly active users). MetaMask is a web3 wallet that has both a mobile app version and also a browser extension version and is used for interacting with different DApps across the blockchains.

MetaMask

MetaMask was created in September 2016, and it has been the primary go-to wallet in terms of interacting with web3 platforms. It has also been a central catalyst in adopting decentralized applications on the Ethereum blockchain.

TrustWallet

TrustWallet is another popular worldwide wallet with an estimated 10 million users. Trust wallet allows users to store and manage their cryptocurrencies and non-fungible tokens securely. Furthermore, the wallet is a blockchain agnostic wallet that supports various chains’ assets. In simpler terms, you can store any type of token with Trustwallet.

TrustWallet

Trust wallet launched in 2017, and after it gained recognition by the cryptocurrency community, it was acquired by cryptocurrency exchange giant  Binance. As a result, users can buy and sell tokens easily with the built-in support created by Trust Wallet to support popular crypto exchanges.

Hardware Wallets

The most secure type of web3 wallet are hardware wallets, and they are regarded as one of the best web3 wallets because of their security. Either Ledger or Trezor is a good choice to go for, and they both allow connection to DApps through web-based wallets.

Both Ledger and Trezor are good cold wallets with the same function of securing cryptocurrency assets. They only differ in additional functionalities; for example, LedgerX Nano offers a connection via Bluetooth instead of the normal USB connection. In addition, Trezor Model T offers touch screen navigation as opposed to the use of buttons.

Conclusion

You can see how important web3 wallets are in the web3 ecosystem. It is the first thing one must get when planning to get started in cryptocurrency. Web3 wallets allow storing of assets and, at the same time grant access to Dapps on various chains. Users are in total control of their assets without the presence of a third party to regulate activities,

Web3 as a sector of its own is still relatively new. Web3 wallets are continuously being developed, and there is room for more wallets with exciting additional functions. There is a high demand for Web3 developers in the sector, and web3 is a great place to consider a career switch or to start a career.

Clarusway offers the best online bootcamps on Web3 development and Blockchain you can find. They offer an intensive course that teaches everything there is to know about starting a career in web3 at an affordable fee. Clarusway also offers courses besides Web3 development like Cloud Computing, Cyber security, and Data Science.

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How to Become a Web3 Developer? https://clarusway.com/how-to-become-a-web3-developer/ Mon, 08 Aug 2022 10:30:33 +0000 https://clarusway.com/?p=23507 In the next couple of years, Web3 will be a significant part of most industries. If you are considering a career switch or you want to start a career in technology, then becoming a web3 is a very good move. Web3 is still in its infancy stage with a high demand for skilled developers, which makes the sector one of the most lucrative in the world presently.

In this article, you will learn everything you need to know to become a web3 developer.

What is Web3 Development?

Nik Kalyani, Decentology, a Web3 developer tools company, sees Web3 as an opportunity to simplify software development dramatically. Web3 development involves developing blockchain-based technologies. Similarly, as with web2, web3 has front-end and back-end development, and also, there is smart contract development which is essential for the development of decentralized applications (DApps).

How to Become a Web3 Developer?

For web3 applications, front-end developers or designers can take their existing skills and apply them to developing web3 applications. In terms of the back-end, developers simply pick a blockchain, then work with a single language, and then figure out the change in architecture on the blockchain. Also, to become a good smart contract developer, developers start to improve efficiency, optimize for storage, and so on that blockchain.

What is Web3 Development?

What Does a Web3 Developer Do? 

A Web3 developer is well versed in blockchain technology, and they have excellent problem-solving skills, creativity, and communication skills. C++ and Javascript are some of the programming languages to know to put together solutions with smart contracts. Also, Web3 developers must possess analytical skills to be successful, and a good way to learn these skills is by getting up to speed with the latest developments in the industry.

Transparency and decentralization are the foundations of blockchain technology. And blockchain technology makes it possible for every transaction to be transparent. Moreover, it solves security and data mutability. Web3 developers are employed to create these platforms and build on the blockchain. In other words, a web3 developer is responsible for creating applications on a blockchain or decentralized network.

Most Popular Web3 Developer Roles?

A Web3 developer’s salary is high because the developers are in high demand. As with jobs with high salaries, you would expect high competition, but that is not the case here. The job market for web3 developers is still strong because there are not enough developers to meet the demand. Companies compete to get the most qualified candidate for their jobs, putting a highly qualified web3 developer in high demand.

Most Popular Web3 Developer Roles?

Here are some of the web3 roles;

Blockchain Developer

Blockchain software developers create decentralized applications based on blockchain protocol and architecture. They can also create smart contracts. Smart contracts are programs stored on a blockchain that automatically run when the conditions are met. Smart contracts are used to automate agreements for all participants without the presence of a third party.

Blockchain software developers are similar to web developers because they create the front-end and back-end of a decentralized app (DApp). Specifically, there are two types of blockchain developers: blockchain software developers and core blockchain developers.

Core Blockchain Developer

Core blockchain developers create the blockchain’s architecture, design, and security. A core blockchain developer designs the protocol of the blockchain designs the security and consensus network and supervises the entire blockchain network. In addition, they are responsible for creating a development environment on a blockchain to help develop, test and deploy smart contracts.

To be a good blockchain developer, asides from being able to develop web apps and have experience in a couple of programming languages, you must possess the following hard skills;

Cryptography

Cryptography is the study of blockchain protocols that prevent a data breach from unauthorized and unwanted parties because security is a fundamental tenet for blockchain technologies. There are two popular concepts in cryptography; public key cryptography and cryptography hashing.

Public-key cryptography forms the backbone of cryptocurrency transactions, while cryptographic hashing transforms cleartext passwords into enciphered text for storage.

Data Structures

Blockchain networks consist of data structures; a good developer must have extensive knowledge of these data structures.

Blockchain Architecture

Blockchain developers need to know everything about blockchains like ledgers, smart contracts work, and consensus.

Solidity Developer  

To create and deploy smart contracts on Ethereum, developers use solidity. Solidity is a statically typed programming language whose syntax is quite similar to C++ and JavaScript, making it easier for developers that know these languages to learn quickly.

Solidity developers build secure smart contract protocols, coordinating deployment, and integrating them with existing tools and services. Solidity is a popular language due to the rise of DApps building on the Ethereum blockchain.

Some of the responsibilities of a Solidity developer are;

  • Manage the blockchain development lifecycle and ensure blockchain integration in applications.
  •  Build and review smart contracts for security and functionality.
  • Supervise Web Apps and DApps that use blockchain technology.
  • Integrate solidity code across different platforms.

Smart Contract Developer

Smart contract developers are hired to build smart contracts on blockchain platforms. As their name implies, they are responsible for designing and building smart contract architecture. Solidity and Vyper are some programming languages they use to create smart contracts.

To be a successful smart contract developer, you must possess some hard skills like knowledge of cryptography and experience in different programming languages like NodeJS, Solidity, and JavaScript.

Companies switching to web3 or building a web3 product will need the services of a smart contract developer because;

  • They design smart contracts and deploy these smart contracts on decentralized platforms like yield pools and Defi platforms.
  • They test and upgrade smart contracts.
  • They explore and research smart contract design implications.

Rust Developer

Another important role in web3 development is a Rust Developer. Rust is a unique programming language with a wide range of Web3 applications. For example, Rust is used when building on the Solana blockchain. It is a very popular programming language among developers because of its many advantages like easy documentation.

Rust Developer is employed to code different applications like web browsers, system software, and operating systems. Rust Developers is also used to debug and test for security.

To excel and add value to a company, a rust developer must possess some vital skills. A Rust developer;

  • Must have knowledge and experience using other programming languages like C++, Golang, Python, Java, etc.
  • Must possess experience using operating systems like Android and Linux and also databases such as MongoDB etc.
  • Must have experience performing secure code practices.

How Much Is A Web3 Developer Salary?

One of the most exciting things about getting a web3 job is the salary. A Web3 developer’s salary is known to be significantly high. For example, a web3 developer’s salary can be as high as $200,000. One major reason for this is that there are not enough web3 developers, and the demand for blockchain developers soared in 2021, making it one of the most lucrative jobs in the world.

Blockchain Developer Salary

Blockchain software developers and core blockchain developers charge as high as $70 per hour with a yearly salary of $150,000. According to ZipRecruiter, startups or small companies pay an average of $80,000 yearly.

Solidity Developer/Smart Contract Developer Salary

Solidity developers and smart contract developers are in high demand in the web3 space, and the average yearly salary for a solidity developer is $120,000. Depending on the company, the salary can be as high as $150,000 per year.

Rust Developer Salary

According to statistics gathered by ZipRecruiter, rust developers in the US receive an average of $100,000 yearly. Of course, these figures can be higher depending on the location and company.

Rust Developer Salary

How to Become a Web3 Developer?

The web3 ecosystem is small and with high demand for developers. Accompanied by the increase in cryptocurrency adoption and more money coming into the industry, there will be more demand for web3 developers. Anyone can become a web3 developer with the right study material and mentorship to grow in the industry. In 3 steps, I will highlight how to become a web3 developer;

Learn about Blockchain Technology

The first step to becoming a web3 developer is learning about blockchain technologies’ concepts. It involves learning about different types of cryptocurrency and the underlying programming language that is used for creating them.

Learn Programming Language

Solidity and Rust are one of the most important programming languages to learn to develop a web3 platform. After learning one of these languages, then you can develop your smart contract.

Deploy Smart Contracts

The next step is to test your smart contracts on a live blockchain platform. Different cryptocurrencies have testnets to test smart contracts before deploying them on the main network. Deploying smart contracts on testnets will help check for any potential bugs in your code that could lead to loss of funds or data integrity issues.

Make The Leap from Web2 to Web3 to Become A Web3 Professional With Clarusway! 

One reliable way of learning how to become a web3 developer is by attending an online bootcamp. Online bootcamps are designed to teach people how to learn a skill and be competent in a small amount of time. Over the years, bootcamps have become one of the most sought methods of acquiring a new skill because they provide a flexible schedule and are affordable.

Clarusway is one of the most reliable online bootcamps to learn Web3. Clarusway offers a 24week intensive course on Blockchain and Web3 Development. The course will expose students to everything they need to know about web3 development and to build decentralized applications (DApps) with different languages. The course will cater to students with little or no background knowledge of any programming language.

Clarusway not only provides a detailed Web3 course, but they also offer Data Science, Cybersecurity, and Cloud Engineering courses. In addition, Clarusway provides mentorship for students to monitor their growth and prepare them for a web3 role in the real world.

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Difference Between Web2 and Web3: Complete Guide https://clarusway.com/difference-between-web2-and-web3-complete-guide/ Thu, 04 Aug 2022 08:27:11 +0000 https://clarusway.com/?p=23505 We have moved from viewing just static web pages in the 90s to creating social media, and we are currently experiencing another paradigm shift known as Web3. As the world keeps evolving, we need to get up to speed with the trends and benefits of these innovations. In this article, we will see the different versions of the internet and also highlight the web2 web3 difference.

What is Web 1.0?

Between 1991 -2004, the first generation of the internet existed. This version of the internet is known as Web1.0, and it was a read-only web. Web1.0 was mainly used as a stream for information, allowing the broadcast of information on static pages. With Web1.0, users could search for information and just read it, which is why it is referred to as the read-only web.

Unlike what we see today, Web1.0 web pages are joined using hyperlinks with no additional visuals, interactivity, text forms, and control. Web1.0 had very few content creators and lots of content consumers. These readers had no option of interacting with the sites, and there were lots of personal sites.

What is Web 1.0?

Features of Web 1.0

Web1.0 is a term created to refer to the stage of the internet before the term Web2.0 was coined by Darcy DiNucci. During the Web1.0 era, websites are the following features; 

Static Pages:

Web1.0 has no interactive features on web pages because most pages were built with static HTML pages just to display information.

Website Storage:

To currently store a website’s content, we use databases. During the Web1.0 era, website content was not stored in a separate database but stored directly in the website files.

Website Layout And Combination of Content:

Designing web pages during the Web1.0 era, most styling was done on the HTML page. It was an acceptable web practice at that time, but present web practice requires separating HTML pages from styling pages. In other words, most modern websites use external style sheets to style the web pages.

Web Browsers Support for Proprietary HTML Tags:

Web1.0 browsers offered support for proprietary tags which resulted in incompatibility problems for some websites. Web1.0 browsers did this to stand out from each other. Site visitors had to use a particular browser to visit some websites.

Guestbooks:

Web1.0 pages had a page called “Guestbook Page”. Users’ comments are added to the page rather than the content page.

What is Web 2.0?

The present version of the internet, known as Web2.0, represents a paradigm shift in how the internet is used. The term became famous due to the  Web2.0 Summit held in 2004 by Tim O’Reilly and Dale Dougherty. Web2.0 is the internet that we know of today that provides interactivity, user-generated content, and social connectivity for users.

Web2 is the enhanced version of web1.0 as it replaced the dull web pages of web1.0. Web2 is more dynamic, and it transformed how we deliver information by introducing blogs, wikis, and social media platforms.

Mobile internet access, social network, and mobile devices are some innovations that led to the exponential growth of web2.0. Web2.0 developments led to the discovery of applications such as Facebook and Twitter that expanded social interactivity and other utility. Web2.0 made the whole world a small village. 

Web2 made it possible for us to see the world differently, it enabled many people to earn income in different ways on a part-time or full-time basis. It made it possible and easier for anyone to sell services online, rent homes, and work from the comfort of their home.

Features of Web 2.0

Web2 is the second generation of Web-based services, and it also fosters online interaction and connectivity among users. Web2 gave rise to the evolution of digital applications. Some of the features of web2.0 are;

Features of Web 2.0

Classification of Information

Web2 makes it possible for users to get easier access to information through easier sorting of information. Users can retrieve and classify information.

Better User Experience

Web2 provides a better user experience to users as web2 uses Ajax (Asynchronous JavaScript + XML), and HTML5 to make dynamic and interactive web pages. The technologies employed in web2 replaced traditional modes like SWF Flash media used in web1.0.  

User Interaction

The ability of users to interact with the website is one of the significant features of web2.0. Web2 makes it possible for users to contribute content by the addition of review and comment features to web pages. Users can also participate in content sourcing by putting up their content on the website. Web2 provides a platform for user interaction which is an improvement to web1, which provides static pages.

A good example is content-sharing platforms like YouTube and Vimeo.

What is Web 3.0?

Let’s take a look at ”What is Web3?” Web3 is the version of the internet after web2, an upgrade to its precursors: web1.0 and web2.0. It is the evolution of the internet that caused a paradigm shift just the same way web2 did. Web3 is a word coined by Ethereum co-founder Gavin Wood. Web3 will use blockchain technology, cryptocurrencies, and NFTs to make web users experience more control of the data and activities on the internet.

Web3 is a blockchain-based internet that will improve the way we use the internet currently. Web3, also known as Semantic web, will be an enhanced version of web2 where Artificial Intelligence and Machine Learning will make computers interpret information like humans.

One major difference between web2 and web3 is how Web3 will improve on the flaws of web2 by allowing web users to monetize their activity and contributions to a platform. Presently, social media users do not get paid to use these social media platforms, but a social media platform built on web3 will make it possible for users to earn while using its platform.

Another flaw associated with Web2 is data privacy, as big Tech companies are in total control of a user’s data gotten from sign-ups or surveys etc. Data ownership is another difference between web2.0 and web3.0. Web3 will put users in charge of their data by ending incessant signup with innovations like the Domain Naming service, where identities will be tied to a Web3 wallet address.

Difference Between Web2 and Web3

Features of Web 3.0

Web3 enhances the internet as we know it today and to understand web3, we need to know some of the features of Web3.0:

Semantic Web

According to Berners-Lee, the Semantic Web allows computers to analyze data from the web in a different form by allowing the computer to decode meaning and emotions. This will allow internet users to enjoy a better user experience through enhanced data connectivity.

Decentralization

Decentralization is one of the fundamental features of web3.0. Ownership and governance will be distributed among its users rather than giving control to a small group of people as with web2 platforms.

Decentralization will be possible because information on web3 will be stored in multiple locations, so internet giants will not have access to the database. Users will retain data ownership by selling data generated by powerful computing resources, technology companies, and appliances through decentralized data networks.

Universality

Since web3 is an enhanced version of web2 and web2 is already popular worldwide. Web3 will take the internet a step further by making the internet accessible to everyone. We would see different web2 platforms switching to incorporate web3 services on their platform. IoT (Internet of Things) will bring forth new types of smart devices, and concentration will shift from using internet-connected devices on smartphones and computers.

Trustless and Permissionless

Web3 will provide a trustless network in the sense that it will not require the presence of a third party before participants can interact. Also, a permissionless network that does not require participants to receive authorization from a governing body. This feature makes Web3 an ideal network where decentralized services are built. An example is decentralized finance (Defi).

Difference Between Web2 and Web3

The difference between web1, web2, and web3 signifies how far we have come as humans. The Web2 web3 difference table will highlight the difference between both versions.

Web2 Web3
Community development and Interaction are the focus.Decentralization, semantic learning, and giving more control to users are the focus.
Social media can censor accounts. There can be no form of censoring due to decentralization.
The Network has control over data.Users have control over data.
HTML, CSS3, and JavaScript are some of the technologies used.Machine Learning, Artificial Intelligence, and decentralized protocols are used in Web3.
Payment services are centralized.Decentralized Payment services.
Difference Between Web2 and Web3

Which One is Better Web 2.0 Vs. Web 3.0?

We cannot underestimate the benefits of these two versions of the internet. We have seen and experienced an easier way of doing things using web2.0 and web3.0 platforms. Web2 vs web3 is a discussion where critics rate one version over the other but  Web 2 vs Web 3 argument will highlight how both versions will improve how we use the internet. To shed more light on the web2 web3 difference and web 3.0 vs 2.0 argument, we would consider the relevance of both versions.

Considering Web2.0

Web2.0 brought dynamic content and interactivity to the internet due to technologies like HTML, CSS, and JavaScript. These technologies have led to the creation of different applications that we all use today.

Social media, blogging, and podcasting are interaction-based, and they have made communication and information dissemination easier for everyone. People can engage each other through comments and messages easily. Web2 brought about the popularity of Facebook, Google, and Twitter.

Considering Web3.0

Web3 is an advanced version of Web2, and it uses new technologies like AI to know content semantics on the web. Artificial Intelligence makes it easier for users to find, merge and share information easily as machines can understand and interpret data like humans.

Decentralization and permissionless systems which are the core features of Web3, will give users more control over their data.

We can deduce that the “web 2.0 vs 3.0”  argument proves that the technological advancement in Web3 does not mean the internet will have a different look, but it will complement the flaws we see in web2. Therefore, we should see an increase in decentralized versions of Web2 applications that we use now without too many visual differences.

Conclusion

Customized browsing experience, human-like search assistance, and decentralization are some of the benefits the new version of the internet will provide. Web3 is still in its infancy stage, and it will make the internet more integrated into our daily lives. We can also see that the web2 web3 difference comes to who controls or owns data and content. 

Aside from the benefits, it will provide users with career opportunities abound as many people will switch careers to enjoy its lucrative job opportunities. There are so many job opportunities like  Blockchain development and web3.0, Cloud Engineering, Data Science, Salesforce, and Cyber security. 

One of the best and most reliable methods of getting this knowledge, as advised by experienced people in the field, is attending IT bootcamps. Clarusway provides the perfect boot camp that teaches everything about learning web3 and also other services to make every student succeed in their learning and post-learning journey.

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What is Web3? Full Guide to Understand Web3 https://clarusway.com/what-is-web3-full-guide-to-understand-web3/ Tue, 02 Aug 2022 16:24:50 +0000 https://clarusway.com/?p=23788 One of the most significant functions of the internet is to share information. This function still holds ground today, and almost everyone knows what the internet is. The internet started around 1960, and that version of the internet is known as web1.0.

We evolved, and more people got access to the internet. The present version of the internet still maintains its relevance of making sharing of information faster, but we enjoy this privilege at the expense of our data. 

What is Web3 in Simple Terms?

Web3 or Web3.0 is the version of the internet built on blockchain technology, and it is based on decentralization and token economics as its concepts. The co-founder of Ethereum, Gavin Wood, coined the word “Web3,” the term gained interest in 2021 from the cryptocurrency community; and it is in contrast with Web2.0. Web2.0 refers to the version of the internet that we all know of today, controlled by a small group of companies that are in total control of our data.

Internet users deserve a better version of the internet that gives them more control of their assets and data. One of the many benefits of web3 to users is that it brings increased data security, and privacy for users, unlike web2 platforms that have total control of user data. Web 3.0 is sometimes known as the semantic web, and the goal of the semantic web is to make internet data machines readable.

What is Web3?

What is Web3 Used For?

Mat Dryhurst, a Berlin-based artist and researcher, said;

“There’s a small group of companies that own all this stuff, and then there’s us who use it, and despite the fact that we contribute to the success of these platforms, we don’t have anything to show for it,”

Web3 is about grabbing some of the power back from these big tech companies because Web3 will function alongside web2 as different web2 platforms will apply web3 ideas to their services to stay relevant. In essence, we would see more blockchain-based social networks, transactions and businesses thrive on the internet.

The attractiveness of web3 is that it enables peer-to-peer (P2P) transactions without a third party. Some Web3 applications include decentralized finance (Defi), NFTs, Play-to-Earn (P2E) games, Move-to-Earn (M2E) applications, and decentralized autonomous organizations (DAOs), to mention a few.

DeFi Protocols: 

Decentralized finance (Defi) is a transparent financial system that allows new forms of value and utility not seen within the traditional financial system. Defi protocols provide different financial solutions such as lending, borrowing, staking, NFTs, and even synthetic assets. In addition, Defi allows users to have total control over their funds by making users store their assets in a non-custodial wallet. There are different platforms such as Aave and MakerDao that provide these services.

Decentralized Autonomous Organizations (DAOs):

DAO is an online community that facilitates community governance and decision-making based on the consensus of its members. In a DAO, no central authority makes decisions and uses smart contracts to count votes and implement decisions. DAO is an example of a web3 use case that shows decentralization, used as a governance model in web3 organizations.

Play to Earn Games using NFT: 

“Play-to-earn games” basically means playing games to earn real income. Play-to-earn games make it possible for players to get rewarded by creating tradeable NFTs items, tokens, or in-game currency. An example of these games is the Smooth Love Potion of Axie Infinity. Players can earn in-game NFTs as a reward for completing daily quests and challenges. Also, NFTs in the game could represent items, characters, or any other in-game collectibles useful in the game only. Another example is the MOBOX games, where players earn NFT as rewards for staking tokens.

Content Creation: 

One significant benefit of web3 is that everyone can become a content creator. Web3 creates an opportunity for content creators to enjoy the maximum benefit of their hard work. Content creators such as digital artists and musicians can tokenize their work as NFTs, which use smart contracts to ensure that there are no intermediaries and they are paid on their terms. Web3 will not eliminate web3’s content creation platform, but it will serve as an additional income stream for content creators.

Move-to-Earn Applications: 

Move-to-earn is another benefit of web3, and it is one of the innovations that prove that web3 has come to stay. Move-to-earn games (M2E) have become popular within the last few months, with projects like STEPN and Genopets being among the first to adopt this model. M2E applications use a concept known as FitnessFi as it rewards its users for exercising. FitnessFi (Fitness Finance) concept is another segment in web3 that enables users to control and monetize their data, promoting a healthy lifestyle.

Why is Web3 Important?

What Crypto is Web3?

Web3 is an extension of cryptocurrency built on blockchain technology. Blockchain enables the use of cryptocurrency, terms of a self-executing contract, or the code for a decentralized app (DApp). Web3 and cryptocurrency run on a decentralized blockchain that does not require a central authority to run its affairs. Web3, being a decentralized internet, uses cryptocurrency as the liquidity mechanism for its foundation. 

Cryptocurrency is used in web3 to incentivize the behavior of new and existing audiences, which helps develop web3 infrastructure. As a result, different web3 projects have emerged across different industries, and these projects are developed on cryptocurrency projects such as Ethereum, Solana, Avalanche, and Near as their infrastructure. In addition, cryptocurrency unlocks new financial and economic innovations as tokens can be created using existing blockchains such as Ethereum and Solana, and these tokens can be used to create their own economy.

Why is Web3 Important?

Web3 is becoming increasingly popular, and just like the word internet, it will most likely become a term everyone will know in the nearest future. The importance of web3 cannot be overemphasized judging from its use case only. That said, web3 is gradually becoming our new version of the internet, and some of its importance are;

Ownership: 

Web3 gives you total ownership and control over all your digital assets stored in a non-custodial wallet. A good instance is a web2 game; the creator has the power to delete a gamer’s account, thereby making the gamer lose all the assets acquired while playing the game. In contrast to web3, the game creator cannot take away a gamer’s assets, and all assets can be traded in an open market even after the gamer has stopped playing the game.

No Censorship:

Web3 balances the power dynamic between platforms and content creators because it gives power to the users of a platform. Many web2 companies monitor users and their activities and censor their content. On web3, data lives on the blockchain, so you have the liberty of carrying your reputation and data to any platform of your choice. Over the years, social media companies have been deactivating a user’s account for putting up a particular type of content.

Identification:

Traditionally as with web2 platforms, there is always a sign-up form that means access to our data which we do not know how protected it is. We give out our data with the blind trust that these platforms will protect our data as they promised. Also, when we want to update our data or profile, we have to do it across all the different platforms. Web3 allows us to have total control of our identity with Domain naming services such as ENS. It makes it possible to have a login across platforms using a wallet address, and it is secure and anonymous.

Payments: 

Payment infrastructure in web2 is based on banks and payment processors, which excludes a large number of unbanked people. A significant number of the population are unbanked due to reasons like documentation. Web3 uses tokens to send money directly to anywhere in the world without a third party.

What are the Advantages of Web3?

  • Expanded Data Connection: The semantic web will help the online data network by linking additional data.
  • Improved showcasing as it has a very professional look.
  • Bringing value to virtual items and assets.
  • Web Security
  • Privacy
  • With the aid of Web3’s artificial intelligence, sellers can understand our buying demand and display relevant items.
  • It is beneficial to everyone.
  • Total control
  • Easier information dissemination

What are the Limitations of Web3?

Web3 is still in its development stage, and despite the benefits of Web3 currently, many limitations still need to be solved. Some of these limitations are;

Scalability: 

One major setback facing web3 and blockchain technology as a whole is the problem of scalability. For a system to be scalable, it means the system should maintain its effectiveness and security when handling large numbers of transactions per second. Unfortunately, this scalability problem makes transactions on web3 slower, and the problem needs to be solved in order for web3 to achieve global adoption.

Education: 

For web3 to be accepted globally, everyone needs to understand it, even people that are not crypto-savvy. People need to understand this new version of the internet without having to use a search engine anytime they encounter a strange word. Web3 is not difficult, and it is just different from what we are used to. It must be hard to believe now that websites used to come with manual instructions but look at how far we have come now and the amount of progress made over the years.

User Experience: 

The technical barrier currently in web3 is high, and users must understand security concerns, complex technical documentation, and navigate intuitive user interfaces before they can interact with a web3 platform. This is a major challenge that must be solved to promote adoption.

Accessibility:

Currently, accessing web3 platforms is extremely segregated because depending on where you live and the kind of device you use, you may not be able to use a web3 platform. For example, web3 is less likely to be used in poor countries because of the high transaction fees experienced on some blockchains like Ethereum.

Cost: 

Building a successful Dapp is expensive, which is why most successful companies only put a small portion of their code on the blockchain.

Web 2.0 vs Web 3.0

We cannot underestimate that Web2 is still a part of our lives. We have over 2 Billion people that still use Web2.0 every day. Web3 will not displace Web2, but it is the future of the internet. Web3 will change how we use the internet. Let’s take a look at the differences between Web2 and Web3.

Social Media Censorship:

Web2: Social media companies can censor or deactivate accounts.

Web3: Web3 social media platforms are uncensored because there will be no central authority.

Payment Platforms:

Web2: Banks or other payment platforms may decide not to work on certain days.

Web3: Web3 payment cannot disrupt financial transactions as it requires no personal data.

Technology:

Web2: Servers can go down, and this can affect work.

Web3: Servers cannot go down because they are built on a decentralized network.

Decentralization:

Web2: A central authority is always in charge of making crucial decisions.

Web3: A decentralized network has no central authority.

Web 2.0 vs Web 3.0

What are the Job Opportunities in Web3?

Web3 is the next big career path, and it is still in its early development stage. It will offer millions of workers the solution to making a better, passionate, and very lucrative living. Web3 needs more talent in a huge number of areas, and it will provide opportunities to rub minds with bright minds.

Software Engineers: 

This is one of the most important jobs in web3, and they charge serious money because good solidity developers and frontend developers are in high demand. Smart contract development is a technical skill, and it involves high stakes as you will be writing codes to determine the movement of people’s funds. In addition, the front-end developers build the platform that will consume the smart contract and are in high demand in both web2 and web3.

Designers: 

UI/UX Designers are highly sought after in web3 as well as web2. This is because they ensure that users are satisfied with a platform and get the most of the platform by making sure the users do not experience any hassle while using it.

Data Engineers and Scientists: 

Web3 companies employ data scientists to analyze and optimize data and trends to apply Machine Learning and Artificial Intelligence. Therefore, data scientists that are well skilled in web3 python will be in high demand.

Content Creators:

Content creators such as digital artists and writers are in demand as different projects employ their skills to market their projects. For example, digital artists create NFT arts while writers create articles explaining the project’s new developments.

Cyber Security Experts:

Security is important in web3, just as it is in web2. Web3 represents a decentralized internet, and with the increasing popularity of web3 and cryptocurrency, cybersecurity professionals will demand to reduce the occurrence of these attacks. 

DevOps/AWS Cloud Engineers: 

Cloud Engineers are professionals that handle different types of cloud services. As a result, cloud Engineers are highly sought after as different companies hire to deploy cloud services.

Product Managers:

Product Management is a technical skill and is very vital in a company. Product managers help to prioritize a company’s resources. As different platforms will be switching to web3, there will be a high demand for Product Managers to make vital decisions regarding the features to implement or remove in the product.

How to Learn Web3 Development?

Learning a new skill is good, but it makes the journey more difficult without proper guidance and mentorship. Even after learning a skill, there is not sufficient groundwork necessary to find a job without proper guidance. Bootcamps make it easy for students to learn their desired skills from experienced tutors with the right resources to give and also help students tackle their challenges, having experienced some of them themselves.

Bootcamps are a fast-rising method employed in learning a new skill as they offer an approach to learning with lesser time commitment, more affordability, and direct mentorship to ensure the growth of students. Bootcamps also include individualized mentorship, job placement after completion of the program, and other soft skills that make students successful in their careers. In addition, bootcamps make the learning process easy by making sure students learn the exact skills employers are looking for. Over the years, boot camps have proven to have a track record of success.

Clarusway: IT Bootcamp to Start Your Six-Figure Career

Clarusway is a Virginia-based IT training school that offers Up-to-date courses in blockchain development and web3.0, Cloud engineering programs, Data science programs, Salesforce, and Cyber security.

Clarusway Bootcamp offers a 24-week-long training on Blockchain and Web 3.0 Development. The course teaches students blockchain technology from scratch together with the latest advancements, with no need for prior coding knowledge as all you need is a laptop to begin this journey. Unlike other online courses, Clarusway Bootcamp aims to teach everything as regards Web3, such as blockchain technology, scalability, bridges, storage, and so on. In addition, Clarusway Bootcamp will give students a deep understanding of concepts like token economics, decentralization, and Web 3.0 applications.

Flexible Payment Options

Clarusway offers very flexible payment options to students to ensure students achieve their dreams.  Clarusway allows students to pay while learning, pay upfront or pay in installments with specific advantages. Clarusway also has the Income Share Agreement that allows students to defer payment until they get a job or apply for a student loan.

Career Management Service

Clarusway provides career management services to students for them to land a job. Professionals employ career management services to achieve their goals by carrying out activities that take them from where they are to where they want to be in their careers.  Clarusway offers career management training to students like Life coaching, Resume building, creating a stand-out LinkedIn profile, and interview preparation to make them stand out and make them employable.

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