Code is the law: Exploring the world of Web3 from a programmer’s perspective

admin

In the Internet realm, the code supports various products and services on different platforms. Programmers play a key role in this. It’s fair to say that programmers are indispensable in today’s Internet world.

Today’s Web3 is hailed as the next generation of the Internet, and it differs considerably from Web1 and Web2 in its essence. Web1 and Web2 build the platform and infrastructure for users, who have surprisingly little control and limited options. Similarly, programmers have no control over it and can only create code as required by the service provider.

Web3 is designed to make a difference. Based on underlying technologies such as the blockchain, Web3 establishes a new realm of open collaboration and privacy protection driven by users and developers. Programmers can choose to become developers in the Web3 world and participate in a Web3 project, thus gaining real control. For programmers who previously worked in the Web2 industry, the world of Web3 can present barriers and challenges. However, it also offers a wealth of opportunities.

In the traditional world of the Internet, programmers often follow a centralized, offline working model, and many of them have to put up with long working hours. Web3 has offered them the opportunity to change the way they work. Instead of spending a lot of time commuting, they can work in a more comfortable and flexible environment. Elvin, a programmer for the renowned cryptocurrency exchange CoinEx, once said that Web3 had given him more flexibility at work, also noting Web3’s openness, collaboration, and privacy. For many programmers, Web3 represents both an opportunity and a significant turning point.

CoinEx, a leading cryptocurrency exchange, has been at the forefront of adopting and promoting Web3. In 2016, Haipo Yang, who used to be a programmer and is now the founder of CoinEx, resigned from a Web2 giant to venture into the world of cryptocurrencies. He completed all the code for ViaBTC Pool by himself and launched it in two days. For Haipo Yang, the code is a weapon that he uses to explore the world of cryptocurrencies, but it is also the law in his eyes.

According to Haipo Yang, the order of the market is important, but the methods used to establish that order vary between the traditional financial market and the cryptocurrency market. The first is based on regulations to maintain order. Due to the lack of transparency in the information, it requires a large number of intermediaries to verify the information and ensure smooth transactions through legal regulations. In contrast, the cryptocurrency market establishes order through code. The code serves as law, and many projects and applications are open source. Data on the blockchain enjoys greater transparency compared to the traditional financial industry. Therefore, the cryptocurrency market, built on consensus protocols and smart contracts, does not require regulation nor can it be regulated. However, a more trustworthy, transparent, free and open trading environment can be created.

The cryptocurrency industry has offered a decentralized, open and transparent financial market where everyone is free and equal. Web3 can take power and control out of the hands of big technology companies and back to individual users. All users have control over their own cryptocurrency assets. CoinEx shares a similar vision with Web3, aiming to break the chains of traditional finance, serve as an easy gateway to the world of cryptocurrency for global users, and enable more people to take advantage of the opportunities and wealth that finance offers. crypto.

“The code changes the world.” It has become a reality rather than a dream for programmers including Haipo Yang. In the world of cryptocurrencies, the code is more than a series of symbols. It works like law, helping to make this world a more mature and beautiful place. This is especially true in the world of Web3.

Click to rate this post!
[Total: 0 Average: 0]
Next Post

Regulatory Challenges: Banks Face Crypto Integration

Banks are struggling to integrate these digital assets into their financial systems as cryptocurrencies continue to captivate consumers, investors, and financial institutions with their decentralized nature and the promise of greater economic freedom. While the appeal of lower-cost transaction processing and greater efficiency is undeniable, concerns about compliance and regulation […]

Subscribe US Now