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Winston Ma - Blockchain and Web3: Building the Cryptocurrency, Privacy, and Security Foundations of the Metaverse

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Blockchain and Web3: Building the Cryptocurrency, Privacy, and Security Foundations of the Metaverse: summary, description and annotation

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An in-depth and authoritative treatment of one of the most pressing topics of our time

In Blockchain and Web3: Building the Cryptocurrency, Privacy, and Security Foundations of the Metaverse, two tech and finance experts deliver a comprehensive and accessible guide to the present and future of blockchain technology and how it will form the foundation of a new, better internet.

To support a concept as bold as the Metaverse, we need several orders of magnitude more powerful computing capability, accessible at much lower latencies, across a multitude of devices and screens. Youll discover how blockchain can accelerate data flow, exchange, and transactions to create and transfer value around the world and, at the same time, how it can be used to protect user data privacy and security with decentralized web infrastructures. The book also includes:

  • Discussions of how sovereign governments are entering the blockchain fray and how their entry, especially with CBDC digital currency, shapes the conversations around Web3
  • Explorations of whether we will ever realize the holy grail of blockchain tech: interoperability to compete with Big Tech platforms

Discussion of new security and privacy issues rising from the intersection of Blockchain, Web3 and Metaverse.A fascinating and eye-opening treatment of the past, present, and future of blockchain and the role it will play on the internet and metaverse, Blockchain and Web3 is a truly original and engaging discussion of a timely and critical topic.

Winston Ma: author's other books


Who wrote Blockchain and Web3: Building the Cryptocurrency, Privacy, and Security Foundations of the Metaverse? Find out the surname, the name of the author of the book and a list of all author's works by series.

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Table of Contents List of Tables Chapter 4 Chapter 5 Chapter 10 List of - photo 1
Table of Contents
List of Tables
  1. Chapter 4
  2. Chapter 5
  3. Chapter 10
List of Illustrations
  1. Preface
  2. Chapter 1
  3. Chapter 2
  4. Chapter 3
  5. Chapter 4
  6. Chapter 5
  7. Chapter 6
  8. Chapter 7
  9. Chapter 8
  10. Chapter 9
  11. Chapter 10
Guide
Pages
Praise for Blockchain and Web3

A thoughtful guide to the role blockchain and crypto assets play in the world-changing internet transformation and how one accelerates the other.

Anthony Scaramucci, Founder & Managing Partner of SkyBridge

Provides a colorful account of how things like gaming, blockchain, NFTs, AR/VR, DAOs, and DeFi have converged and ultimately presented to us this whole package called metaverse.

Clay Lin, Chief Information Security Officer(CISO), World Bank Group

Ma and Huang provide the essential handbook on the transformative power of Web 3 taking you on a ride from the basic fundamentals of the blockchain protocols to the vast possibilities of the metaverse and the immense impact it could bring. An educational and entertaining must-read for anyone interested in the next, programmable and immersive, web.

Lila Tretikov, deputy Chief Technology Officer (CTO), Microsoft

An essential breakdown of the most important recent developments in the blockchain space. Unlike many other writers, Ma and Huang look beyond mere financial speculation to uncover the true productive potential of blockchains, smart contracts, DAOs, DeFi, the metaverse, and more.

Neel Mehta, Author of Bubble or Revelation?: The Future of Bitcoin, Blockchains, and Cryptocurrencies

A remarkable convergence of digital economy with blockchain and Web3, depicting the true merits of the metaverse in relinquishing the impending daunted horizons of the information technology.

Mehdi Paryavi DEA, Chairman, the International Data Center Authority (IDCA)

A clear picture of the complex ecosystem that enables the next-generation internet. Readers will become Web3 smart netizens, educated participants, and even adept game changers.

William Zhang, Security Architecture Lead, World Bank Group

Provides a valuable window into metaverse and covers the important building blocks for a trusted metaverse.

Yale Li, Chairman, Cloud Security Alliance Greater China Region (CSA GCR)

Metaverse, Web3, and blockchain are among the cutting-edge technologies of the new digital economy. Focused on security, privacy, and data governance, this book discusses the paramount aspects of how these new technologies are used in the real world.

Yao Qian, Ex-Head of China's Digital Yuan Effort, now Director of the Science and Technology Supervision Bureau of China Securities Regulatory Commission

WINSTON MA

KEN HUANG

BLOCKCHAIN AND WEB3
BUILDING THE CRYPTOCURRENCY, PRIVACY, AND SECURITY FOUNDATIONS OF THE METAVERSE
This edition first published 2022 Copyright 2022 by Winston Ma and Ken Huang - photo 2

This edition first published 2022

Copyright 2022 by Winston Ma and Ken Huang. All rights reserved.

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, except as permitted by law. Advice on how to obtain permission to reuse material from this title is available at http://www.wiley.com/go/permissions.

The right of Winston Ma and Ken Huang to be identified as the authors of this work has been asserted in accordance with law.

Registered office
John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, USA
John Wiley & Sons Ltd, The Atrium, Southern Gate, Chichester, West Sussex, PO19 8SQ, UK

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The Atrium, Southern Gate, Chichester, West Sussex, PO19 8SQ, UK

For details of our global editorial offices, customer services, and more information about Wiley products visit us at www.wiley.com.

Wiley also publishes its books in a variety of electronic formats and by print-on-demand. Some content that appears in standard print versions of this book may not be available in other formats.

Designations used by companies to distinguish their products are often claimed as trademarks. All brand names and product names used in this book are trade names, service marks, trademarks or registered trademarks of their respective owners. The publisher is not associated with any product or vendor mentioned in this book.

Limit of Liability/Disclaimer of Warranty
While the publisher and authors have used their best efforts in preparing this work, they make no representations or warranties with respect to the accuracy or completeness of the contents of this work and specifically disclaim all warranties, including without limitation any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives, written sales materials or promotional statements for this work. The fact that an organization, website, or product is referred to in this work as a citation and/or potential source of further information does not mean that the publisher and authors endorse the information or services the organization, website, or product may provide or recommendations it may make. This work is sold with the understanding that the publisher is not engaged in rendering professional services. The advice and strategies contained herein may not be suitable for your situation. You should consult with a specialist where appropriate. Further, readers should be aware that websites listed in this work may have changed or disappeared between when this work was written and when it is read. Neither the publisher nor authors shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

Library of Congress Cataloging-in-Publication Data is Available:

9781119891086 (paperback)
9781119891093 (ePDF)
9781119891109 (ePUB)

Cover Design: Wiley
Cover Images: pluie_r/Shutterstock, photon_photo/Adobe Stock, PLMT/ Shutterstock, DG-Studio/Adobe Stock, PopTika/Shutterstock

To Angela I love you dearly.

Winston Ma

To Queenie Ma, Grace Huang, and Jerry Huang, for your unwavering love, support, and encouragement.

Ken Huang

Foreword
Great Leap Forward into Web3

In September 2017, JPMorgan Chase (America's largest investment bank firm) CEO Jamie Dimon called Bitcoin a fraud. It's worse than tulip bulbs. It won't end well. Someone is going to get killed, Dimon said. Now, its wealthiest clients can invest in the asset on the bank's own platform. The dramatic shift of JPMorgan is a significant milestone for the Bitcoin, as well as broad cryptocurrencies, as an asset class.

Various financial institutions like JPMorgan, both on Wall Street and in international governments, have had a very complicated relationship with cryptocurrency as a whole since Bitcoin (together with blockchain technology) first crashed onto the world stage 10 years ago. But as digital finance has accelerated by the pandemic, institutions actively explore new avenues to get involved in the crypto space. This institutional adoption has benefited not only Bitcoin but also the entire crypto asset industry, helping break barriers all across the board.

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