We are on the brink of a new era of the internet that has the potential to revolutionize the way we handle finances and reclaim control over our data and privacy from large corporations by adopting a decentralized approach. This new era is referred to as Web 3.0. With Web 1.0, information sharing and commerce were transformed, and giants like Google and Amazon emerged. Web 2.0 unlocked the social potential of the internet and brought about Facebook, Twitter, and Snapchat. However, it is still unclear precisely what Web 3.0 will eventually bring to the table.
It’s undeniable that the foundation of Web 3.0 can be traced back to the technological, social, and economic advancements that were brought together by Bitcoin and its blockchain technology. However, while the earlier versions of the web were relatively easy to comprehend, the inner workings of Web 3.0 are still more obscure and surrounded by an air of mystery.
There are currently two main groups of people discussing Bitcoin and the blockchain revolution. The first group consists of technological “experts” who are often personally invested in the success of Bitcoin and blockchain. The second group comprises “critics” who are often deeply invested in maintaining the status quo and discouraging the adoption of Bitcoin and blockchain. However, there is a need for a middle ground to provide the public with an unbiased view of this important technology.
The aim of this book is to demystify the blockchain revolution and guide the readers in unlocking its full potential. It does not dismiss radical or outlandish ideas and does not blindly follow the trend of hailing Bitcoin and blockchain as the ultimate solution to all problems.
What you’ll learn
- The history of virtual currencies
- Understand the technical trajectories that merged to become bitcoin
- A fresh view on the identity of Bitcoin inventor Satoshi Nakamoto based on critical historical analysis
- Contextualize Bitcoin in the history of money
- The social structures that created Bitcoin
- How Bitcoins believers resemble a religion
- The possible future scenarios of Bitcoin
- Whether Bitcoin can be said to exhibit the properties of a living organism
Who This Book Is For
This book is primarily for a general non-technical audience trying to understand the nature of Bitcoin and the blockchain in order to see more clearly the contours of the Web 3.0 revolution. For more technically proficient readers the book is still useful since it puts Bitcoin and the blockchain into a social, economic, and philosophical context.