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. You’ll 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.
Table of Content
Foreword xi
Acknowledgments xvii
About the Authors xxiii
Preface xxvii
Part I Mega Convergence of Digital Technologies in Metaverse 1
Chapter 1 Metaverse: Convergence of Tech and Business Models 3
Chapter 2 Blockchain, the Backbone of Web3 33
Part II Blockchain Breakthroughs Set the Transaction, Privacy, and Security Foundation for the Digital Economy 69
Chapter 3 Cryptocurrencies and Tokenomics 71
Chapter 4 De Fi (Decentralized Finance): Bankless Metaverse 97
Chapter 5 NFTs, Creator Economy, and Open Metaverse 131
Chapter 6 Blockchain Gaming in Metaverse 157
Chapter 7 Metaverse Privacy: Blockchain vs. Big Tech 183
Chapter 8 Metaverse Security 217
Part III Three-Way War among Open Metaverse, Big Tech Walled Gardens, and Sovereign States 255
Chapter 9 Public Crypto, Government CBDC, and Big Tech Coin 257
Chapter 10 Web3 Creator Economy on Blockchain 289
Glossary 323
Index 349
About the author
Winston Ma is an investor, attorney, author, and adjunct professor in the global digital economy. He is a co-founder and managing partner of Cloud Tree Ventures and the board chairman of Nasdaq-listed MCAA, a European tech SPAC. Prior to that, he was head of North America Office for CIC, the deputy head of equity capital markets at Barclays Capital, a vice president at JPMorgan investment banking, and a corporate lawyer at Davis Polk & Wardwell LLP. He is the author of bestselling books including The Hunt for Unicorns and The Digital War.
Ken Huang is CEO of Distributed Apps and chair of Blockchain Security Working Group for Cloud Security Alliance in the Great China Region. Over the past 18 years, he has worked on application security, identity access management, cloud security, and blockchain for the fintech industry and health care industry. He is a Certified Information Systems Security Professional since 2007 and is the author of Blockchain Security Technical Guide, published by China Machine Press in 2018.