Web3 with Fabian Vogelsteller

Most applications today run on a cloud provider like AWS. They are built with a framework like Ruby on Rails. They use a set of APIs like Stripe and Twilio for middleware services. This is the era of “web 2.0.”

With decentralized systems, we are starting to get a feel for what “web 3.0” might feel like. The futuristic idea of “web 3.0” works off of the following idea: instead of using a centralized service owned by a single company, you might purchase your computation and storage from a network of nodes. The nodes will be running peer-to-peer software that competes on price.

Fabian Vogelsteller works on Web3.js, a JavaScript library for interfacing with the Ethereum blockchain. He also works on Mist, a browser for Ethereum. Fabian joins the show to discuss the difference between decentralized apps and centralized apps—and to explain why we need to build a bridge between those two worlds.

 

Transcript

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