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VideoYouTubeStellar Development FoundationAugust 7, 20241y ago47:21

How to Survive the Web2 to Web3 Transition

Chris Anitalio from the Stellar Development Foundation explains blockchain value to Web2 developers, covering data aggregation, consensus mechanisms, smart contracts, and why Stellar Network excels for real-world use cases like remittances and financial inclusion.

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Lumen Loop's take

Senior Developer Advocate Chris Anitalio delivers a workshop bridging Web2 and Web3 concepts for developers curious about blockchain. He frames blockchain as a complementary data integration strategy, not a replacement for Web2 tech, explaining how it solves multi-party coordination problems through decentralized consensus. The talk covers blockchain fundamentals: Merkle trees for immutability verification, proof mechanisms to prevent Sybil attacks, and transaction signing via public-private key cryptography. Anitalio then explores blockchain capabilities: permissionless value exchange, smart contracts for custom logic, composability enabling rapid innovation, and on-chain governance. He highlights Stellar Network's strengths: top-tier transaction throughput, formal sustainability reporting, sub-penny fees, and real-world impact through cross-border payments, refugee aid disbursement via UNHCR, and MoneyGram integration reaching 150 million customers. The workshop concludes with developer onboarding guidance: join community, learn through docs and code samples, build non-trivial applications, and leverage Stellar Community Fund grants up to $100,000.