The transition to Web 3.0 is proceeding swiftly around the globe. It’s a new era of the Internet in which individual users will have control over their own data, artificial intelligence will handle their queries as efficiently as humans, and data will be stored and processed across a decentralized system. This is not some far-fetched theory; rather, it is occurring now. A growing number of Web3 initiatives are now accessible. Here, you’ll learn how to get your Web3 project off the ground so you can reap the most benefits from this growing industry trend.

What is Version 3.0 of the World Wide Web?

Web3 is the next evolution of the Internet, enabling computers to think and act more like humans by mimicking our perception and processing abilities. Artificial intelligence, neural networks, blockchain, spatial computations, Big Data, virtual reality/augmented reality, etc., will all play a role in making this a reality. The future of the Internet is a virtual world populated by helpful AI bots. Like in fiction books or movies, they’ll be able to read minds and grant wishes.

A Relationship Between Web3 and Blockchain

Only decentralized protocols, such as blockchain, smart contracts, cryptocurrency, the Internet of Things, and DApps, will allow Web3 networks to function. Therefore, we predict that Web3 will have a substantial symbiotic relationship with these protocols. They will be fully automated, universally applicable, and easily adaptable to new contexts thanks to smart contracts.

The Best Ways to Use Web3 and Blockchain Together are Listed Below:

Decentralization: Data for Web3 solutions is kept in a distributed ledger called a blockchain. It allows login from any internet-connected device. Since computers process everything in a decentralized fashion, there is no need for middlemen to handle particular tasks.

Autonomy: The need for middlemen like banks, lawyers, the government, and others is reduced because Web3 applications can set up the action algorithms and carry them out autonomously.

Censoring Resistance:  Web 3.0 is a censorship-resistant network where users can freely share information without worrying that it will be removed or altered.

Secure Messaging: The concept offers secure messaging via blockchain, so users need not be concerned about their conversations or other sensitive data being intercepted by cybercriminals.

Fraud Protection: Web3 also protects against fraud because it prevents unauthorized parties from changing the details of a transaction.

It does not require permission: It is unnecessary to ask for approval: Smart contracts automatically carry out transactions, making Web3 solutions decentralized. That is to say; you won’t have to shell out a ton of cash to get your hands on what you need.

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Web3 Solution Development Roadmap

Creating a Web3 project such as a cryptocurrency wallet, NFT platform, or decentralized application takes time and effort. An exhaustive account is provided below.

Step 1: Opening Phase

Like any other startup or IT product, developing a Web3 solution begins with an inception period. In this step, you will define the concept of the project and conduct research into the market, the intended audience, and the competition. It enables one to foresee the outlook of the niche, comprehend the needs of one’s intended audience, and evaluate the benefits and drawbacks of one’s rivals. A business analyst will gather requirements for the look and feel of your upcoming project so that programmers can calculate ballpark figures for time and money spent.

Stage 2: Identifying Its Functions

The development team has reached the phase where they decide what new feature to implement. The tasks involved will change from one project to the next. A cryptocurrency wallet and a decentralized exchange offer very different sets of features. In addition, the list of features can be an MVP (Minimum viable product) or a full product launch that provides all features to customers immediately after the release, depending on how you plan to enter the market.

Users’ roles within the product should be taken into account as well. Users and administrators are the two most common types of participants. The parts, however, are not complete. Positions include, for instance, viewers and subscribers in the context of creating a Web3 Streaming Platform. Create a cryptocurrency, and regular users, miners/validators, and developers will all work to enhance the code and add new features.

To illustrate, consider the cryptocurrency’s list of features.

Features from the User’s Perspective

  • To register a cryptocurrency wallet, a new crypto address must be generated, or an existing one must be reclaimed (linked) during the registration process.
  • The most basic form of a cryptocurrency wallet supports receiving and sending digital assets and can act as an exchange or conversion coefficient.
  • The management of one’s assets is facilitated by wallets, allowing users to buy and sell digital currencies without leaving the app.
  • Incorporating the ability to link a user’s credit card, debit card, PayPal, Google Pay, Apple Pay, or any other electronic payment system improves the service’s usability.
  • The push notification feature is not required to make a usable Web3 wallet, but it’s a nice bonus.
  • Users require two-factor authentication (2FA), fingerprint or face authentication, hardware wallet support, a time-to-live (TTL), and a seed phrase for NFTs to be secure and useful.

Admin Features of Wallet

Instrument panel: Administrators can use this section to monitor the system’s health, users, transaction volume (per second, hour, and day), messages, problems, and more.

User management: In this section, admins can view detailed information about their users and take action to modify, add, delete, suspend, or unfreeze their accounts.

Managing the payment system: In this section, an administrator can manage the payment system by adding or removing available options.

Managing the fees: In this section, admins can manage the fees associated with cryptocurrency and fiat currency exchanges by adding, removing, or modifying existing options.

Managing the content: You’ll need to equip your platform’s administrators with the means to modify, add, and remove the texts, images, animations, and other content displayed in the user interface.

Promotion and marketing: Incorporating ad notifications and banners into a Web3 wallet’s development process.

API documentation: Connectivity to third-party services is outlined in the API documentation.

Step 3: Architecture Development

Information architecture for the future project is the next step in Web3 marketplace development. During this stage, the system’s major parts and interconnections are typically displayed. It’s usually the screens and animations of the UI of the future. The consensus is that the easier it is to navigate a website or app, the better the user experience and the more appealing the interface.

Step 4: UX/UI Design Development

It needs to look professional and be in line with current aesthetic trends and standards. The design must also be in line with what the platform providers suggest. The process of creating a UI design typically involves a number of distinct phases. The first is a rough draft of the final UI, which shows the various screens and their intended layout. The term “low-fidelity wireframe” is commonly used to describe such a rough draft.

When the client is satisfied with the designs presented in the sketches, the next step is to develop an interactive prototype of the user interface in which the visual elements (such as animations and transitions) are functional. Still, the application’s core features are not. In the early stages of development, prototyping is essential for testing the application design with the target audience and securing funding.

Step 5: Writing the Code for the Application

The programmers take over and put everything into code once the functionality has been defined, the information architecture has been built, and the user interface design has been created. To accomplish this, developers must select a set of optimal technologies for the project at hand. It typically consists of a server and client stack (front-end).

Technology Stacks for Building Backend Web3 Solutions

  • Smart contracts: Ethereum Virtual Machine or BSC.
  • SQL databases: MySQL, PostgreSQL, MariaDB, MS SQL, Oracle.
  • DevOps: GitLab CI, TeamCity, GoCD Jenkins, WS CodeBuild, Terraform.
  • NoSQL databases: MongoDB, Cassandra, DynamoDB.
  • Search engines: Apache Solr, Elasticsearch.
  • Programming languages: Java, PHP, Python.
  • Frameworks: Spring, Symphony, Flask.
  • Cache: Redis, Memcached.

Technology Stacks for Building Front-End Web3 Solution 

  • Programming languages for web: Angular.JS, React.JS, and Vue.JS.
  • Programming languages for App: Java, Kotlin для Android и Swift для iOS.
  • Architecture: MVVM for Android and MVC, MVP, MVVM, VIPER for iOS.
  • IDE: Android Studio and Xcode for iOS.
  • SDK: Android SDK and iOS SDK.

Step 6: Testing the Product

Professional quality assurance analysts are responsible for the testing. They review the developed product’s code to ensure it is error-free and meets all requirements. In addition, we check for proper operation, usability, and performance. 

Step 7: Deployment, Release

After your Web solution has been developed and tested, it is released to production on your company’s servers or in the cloud (AWS, Azure, Google). If it’s a mobile app, it gets listed in major app stores like Apple’s App Store, Google Play, and Amazon’s App Store.

Step 8: Product Support

Final preparations include product training and the establishment of a support group.

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