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World Congress 2023 • Aug 11, 2023

A Primer on Blockchain and Hedera: An Intro Through Terms

Ryan Arndt

Intimidated by Web3 jargon and complex smart contracts? Discover how Hedera’s EVM-compatible ledger lets you build fast, carbon-negative applications using familiar JavaScript frameworks.

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#1 about 3 min

Overcoming developer jargon and learning web3 terminology

Navigating complex industry terminology helps reduce barriers and fosters an open environment for exploring web3 concepts.

#2 about 2 min

Network transactions, speed metrics, and data immutability

Measuring transactions per second provides insight into network speed while immutability ensures recorded data cannot be altered or revoked.

#3 about 3 min

Evolution from static web pages to user-owned decentralized networks

Moving from viewable content in web1 to user-owned decentralized networks in web3 removes intermediary control over data and finances.

#4 about 3 min

Exploring distributed ledger technologies and permissioned networks

Utilizing non-blockchain distributed ledger technologies provides the transparency of decentralized networks while starting with governed permissioned access.

#5 about 2 min

Understanding fiat currency operations and carbon-negative cryptographic tokens

Differentiating traditional fiat from ecosystem tokens highlights how proprietary algorithms can secure networks while remaining highly energy efficient.

#6 about 3 min

Defining foundational architectures and scaling solutions for networks

Analyzing protocol white papers reveals the parameters of foundational layer one networks and the necessity for layer two scaling solutions.

#7 about 4 min

Reaching data consensus through validation mechanisms and gossip protocols

Establishing network consensus through gossip protocols and virtual voting avoids the severe energy costs associated with traditional proof of work mining.

#8 about 2 min

Structuring data hierarchies, enforcing immutability, and managing network forks

Utilizing Merkle tree data structures anchors transactions in an immutable history that prevents malicious alteration while avoiding contentious network forks.

#9 about 2 min

Token gating, decentralized finance, and validating applications on testnets

Leveraging fungible assets for token-gated access allows creators to monetize applications while testing on safe trial environments before mainnet deployment.

#10 about 2 min

Securing decentralized access through public and private cryptographic keys

Implementing specific cryptographic algorithms with strict private and public key pairs guarantees secure authentication across distinct blockchain environments.

#11 about 2 min

Enabling platform interoperability and EVM compatibility

Supporting Ethereum virtual machine equivalents enables the seamless migration of smart contracts to prevent vendor lock-in for decentralized applications.

#12 about 2 min

Managing identity via hardware wallets and accessible user onboarding

Providing users with cold hardware storage or simplified email-based abstractions significantly lowers the barrier to entry for decentralized asset management.

#13 about 4 min

Automating programmable logic using smart contracts and JavaScript tools

Automating deterministic network states using Solidity or dedicated consensus APIs enables developers to build custom web3 applications with standard programming tools.

Matching moments

2:12 min

Introduction to blockchain, NFTs, and smart contracts

Hendrik Ebbers Hendrik Ebbers · LIVE

1:46 min

Overcoming barriers to web3 development with near protocol

Andrej Šarić · World Congress 2023

2:18 min

Lowering the barrier to entry for blockchain development

Mike Swift · Coffee With Developers

3:26 min

Defining the transition natively toward web three decentralization

Peter Busch · LIVE

1:40 min

Improving decentralized technology accessibility for non-developer mainstream users

Ed Marquez Ed Marquez · World Congress 2023

3:47 min

Removing exclusionary terminology to improve developer inclusion

John Woods John Woods · World Congress 2024

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