hello friends

I originally put this together as a resource for a few friends so it's largely oriented around their most common web3 and crypto questions/misconceptions. 70%+ of it is curated from content created by people 10x smarter than me. I’ll do my best to update it from time to time and feel free to comment questions directly on the google doc or DM me with any concerns / corrections.

If you’re entirely new to Web3 and or the world of Crypto, I hope this guide is a helpful start to your journey down the rabbit hole. Have fun and always DYOR.

• Jay 🏄🏾‍♂️ 🏄🏾‍♂️

What the fk is web3? (read more here)**

Web1 (1980s - early 2000’s) The first phase of the Internet, Web1, was mainly about providing the everyday consumer with online content and information.

• As consumers could only read information or content online, and not yet interact with it, Web1 was incredibly static.
• When you think about Web1, think Internet Explorer, Yahoo, or Netscape. While web1 was read-only, the companies we associate with web1 were built on open protocols (meaning pretty much any person or organization could build on the internet and know they were subject to the same rules as the next person or organization).

Web2 is the version of the internet most of us know and use today. Where Web1 was static and “read-only,” Web2 was “read-write,” and interactive. Under Web2, the internet became more usable: web2 was dynamic and users could consume, interact with, and create content on the internet themselves.

• Along the way, the internet became largely dominated by four behemoths today we know as Apple, Amazon, Facebook, and Google. Web2 also saw an explosion in the use of smartphones, and most of internet use was through mobile apps and hardware built by these companies. While this meant more people could participate in the internet, it also meant the internet was becoming increasingly controlled by the leading digital platforms.
• Why is this a problem? In the centralized internet we know today, Apple can take a 30% cut on all paid-app downloads and in-app purchases, Twitter and Facebook can de-platform the POTUS, and the everyday consumer has less privacy, security, and control over their online information than ever before.

Web3, the future internet we’re moving towards, is a decentralized internet. Under Web3, the internet is shared online and governed by the collective “we,” rather than owned by centralized entities.The Web3 world is one that has open-source protocols at its foundation. additional features and Web3 is about rearchitecting internet services and products so that they benefit people rather than entities.

Web1: Read

Web2: Read-Write

Web3: Read-Write-Own

https://lh4.googleusercontent.com/PpQjZB2tJqYsZAvWV1L2i5zHebxcmEeRWXx0v69ErSt5_LZVHkUNVqUoRZ3_aLB2E3khWNyDty5hHl_QgLufnnYKzq0k3-S28CBvyAsL1VemW39f0BV0BJARrWWrsbFmpa0EQEOu=s0

Crypto basics: let’s start from Square 1…

What is a blockchain? (read more here)

Blockchain is an immutable, digital ledger that facilitates the process of recording transactions and tracking assets in a network; it is updated and shared across many computers in a network.

How does a blockchain work?