This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COWhat Is Web 3.0?Web3 is one of the hottest trends in the cryptocurrency space. Projects like Polkadot (#9 by market cap) and Chainlink (#14 by market cap) are rising through the ranks, displacing coins that have held the top spots for years. To understand these tokens and the evolution of Web3, it’s best to start with the origins of the computer and the World Wide Web. The first iterations of the technology were simple, able to perform basic calculations and store data on massive machines like the Altair 8800. In time, the transmission and storage of data improved, harkening the shift into the Web2 phase. With a desire for better communication, platforms were built around the ideas of ease of use, user-generated content, and interoperability. This is Web2, which exploded in the last 10 years and is the version that we are all familiar with. Examples of Web2 are PayPal, Facebook, Microsoft, AWS, etc. These platforms have made it extremely simple to connect with anyone in the world that has a phone and internet connection. Still, with all of these incredible platforms, exchanging value and democratizing data are still difficult. Web3 solves this.Data exists on the internet, but its transmission is clunky, unreliable, human-dependent, centralized and transactionally poor. Web2 brought us closer together, but between every exchange of value or information, there was a middleman collecting a toll and slowing down the process. Decentralized blockchains, as the backbone of Web3, create a universal state layer with no company or 3rd party. Rather, it’s just an underlying technology enabling peer-to-peer interaction. In theory, Web3 could be broad enough to include Bitcoin, because it follows the principles of Web3, but if you want a clearer picture, start by researching Polkadot’s light paper or Chainlink’s white paper. From there, the rabbit hole deepens, showing the endless potential of a world with no middle men and toll collectors, and individuals free to exchange value directly as they see fit, without asking permission. Once you dive further into Web3 and truly understand the potential, you will likely start to become interested in investing in related coins.Do your research.As I mentioned, I have rebranded my Friday livestreams to "Bullish On Bitcoin" and will be hosting a guest each week. The Peter Brandt episode was not without technical difficulties, but today will be smoother - with amazing guest Nebraskan Gooner. Tune in at 2 PM EDT - https://www.youtube.com/watch?v=c_ovgzCmR8IIn This Issue:Web 3.0Bitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsDeFi Hack ResolvedCoinbase Retracts Statement About USDCCardano’s Smart Contract Capability Is Coming SoonMy Recommended Platforms And Tools
The Wolf Den #307 - Web 3.0
The Wolf Den #307 - Web 3.0
The Wolf Den #307 - Web 3.0
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COWhat Is Web 3.0?Web3 is one of the hottest trends in the cryptocurrency space. Projects like Polkadot (#9 by market cap) and Chainlink (#14 by market cap) are rising through the ranks, displacing coins that have held the top spots for years. To understand these tokens and the evolution of Web3, it’s best to start with the origins of the computer and the World Wide Web. The first iterations of the technology were simple, able to perform basic calculations and store data on massive machines like the Altair 8800. In time, the transmission and storage of data improved, harkening the shift into the Web2 phase. With a desire for better communication, platforms were built around the ideas of ease of use, user-generated content, and interoperability. This is Web2, which exploded in the last 10 years and is the version that we are all familiar with. Examples of Web2 are PayPal, Facebook, Microsoft, AWS, etc. These platforms have made it extremely simple to connect with anyone in the world that has a phone and internet connection. Still, with all of these incredible platforms, exchanging value and democratizing data are still difficult. Web3 solves this.Data exists on the internet, but its transmission is clunky, unreliable, human-dependent, centralized and transactionally poor. Web2 brought us closer together, but between every exchange of value or information, there was a middleman collecting a toll and slowing down the process. Decentralized blockchains, as the backbone of Web3, create a universal state layer with no company or 3rd party. Rather, it’s just an underlying technology enabling peer-to-peer interaction. In theory, Web3 could be broad enough to include Bitcoin, because it follows the principles of Web3, but if you want a clearer picture, start by researching Polkadot’s light paper or Chainlink’s white paper. From there, the rabbit hole deepens, showing the endless potential of a world with no middle men and toll collectors, and individuals free to exchange value directly as they see fit, without asking permission. Once you dive further into Web3 and truly understand the potential, you will likely start to become interested in investing in related coins.Do your research.As I mentioned, I have rebranded my Friday livestreams to "Bullish On Bitcoin" and will be hosting a guest each week. The Peter Brandt episode was not without technical difficulties, but today will be smoother - with amazing guest Nebraskan Gooner. Tune in at 2 PM EDT - https://www.youtube.com/watch?v=c_ovgzCmR8IIn This Issue:Web 3.0Bitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsDeFi Hack ResolvedCoinbase Retracts Statement About USDCCardano’s Smart Contract Capability Is Coming SoonMy Recommended Platforms And Tools