<aside> 📌 A semi-technical guide to web3 for understanding its applications.

</aside>

Key Ideas

• Vitalik Buterin: The Meaning of Decentralization
• Vitalik Buterin: The Most Important Scarce Resource is Legitimacy
• Not Boring: The Value Chain of the Open Metaverse
• Not Boring: Idea Legos

Role of Protocols

• Peter Yang: Curious Beginner’s Guide to L2 and L1 Chains
• Placeholder: Protocols as Minimally Extractive Coordinators
• USV: Fat Protocols
• USV: The Myth of the Infrastructure Phase

User Ecosystem

• Binance: What is a Crypto Wallet?
• Cointelegraph: What are DEXs and how do they work?
• Coinmonks: Liquidity Mining vs. Yield Farming
• Coinmonks: ERC-20 vs. ERC-721 vs. ERC-1155

Consensus Mechanisms

• Coinmonks: PoW and PoS are not Consensus Protocols
• Coin Center: What is Bitcoin Mining? [PoW]
• Not Boring: Own the Internet [PoS]