
Information you need or don't need about web 3 - 15
💥 The Biggest Losses in Crypto History Several major events have caused massive financial damage, shaken investor confidence, and reshaped the crypto landscape. Here are some of the most notable ones: 🔥 1. Mt. Gox Hack (2014) Loss: ~850,000 BTC (worth billions of dollars today) What happened? At the time, Mt. Gox was the largest Bitcoin exchange. It was hacked and eventually went bankrupt. Impact: A huge blow to trust in Bitcoin. Prices plummeted. 🔥 2. Terra / LUNA Collapse (2022) Loss: Be...

Information you need or don't need about web 3 - 1
BTC vs ETH Inflation Bitcoin (BTC) Maximum supply: 21 million BTC Current supply increase: Bitcoin block rewards (new BTC issuance) halve approximately every 4 years (“halving”) Annual supply increase as of 2025: Around 1.7% Inflation trend: Decreasing over time because block rewards diminish. By around 2140, all BTC will be mined, and inflation will approach 0% Ethereum (ETH) Maximum supply: Unlimited (theoretically no upper limit) Supply increase: With Ethereum 2.0 and EIP-1559, a “burn mec...

Information you need or don't need about web 3 - 11
90% of “Flash Loan” attacks are not hacks in the technical sense, but rather actions carried out within the rules of the smart contract system itself. --- 📌 What does this mean? A flash loan allows users to borrow funds without collateral as long as the loan is borrowed and repaid within the same transaction block. The system prevents funds from being withdrawn before the transaction is completed. However, malicious actors can exploit this mechanism by manipulating price feeds or market dyna...
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Information you need or don't need about web 3 - 15
💥 The Biggest Losses in Crypto History Several major events have caused massive financial damage, shaken investor confidence, and reshaped the crypto landscape. Here are some of the most notable ones: 🔥 1. Mt. Gox Hack (2014) Loss: ~850,000 BTC (worth billions of dollars today) What happened? At the time, Mt. Gox was the largest Bitcoin exchange. It was hacked and eventually went bankrupt. Impact: A huge blow to trust in Bitcoin. Prices plummeted. 🔥 2. Terra / LUNA Collapse (2022) Loss: Be...

Information you need or don't need about web 3 - 1
BTC vs ETH Inflation Bitcoin (BTC) Maximum supply: 21 million BTC Current supply increase: Bitcoin block rewards (new BTC issuance) halve approximately every 4 years (“halving”) Annual supply increase as of 2025: Around 1.7% Inflation trend: Decreasing over time because block rewards diminish. By around 2140, all BTC will be mined, and inflation will approach 0% Ethereum (ETH) Maximum supply: Unlimited (theoretically no upper limit) Supply increase: With Ethereum 2.0 and EIP-1559, a “burn mec...

Information you need or don't need about web 3 - 11
90% of “Flash Loan” attacks are not hacks in the technical sense, but rather actions carried out within the rules of the smart contract system itself. --- 📌 What does this mean? A flash loan allows users to borrow funds without collateral as long as the loan is borrowed and repaid within the same transaction block. The system prevents funds from being withdrawn before the transaction is completed. However, malicious actors can exploit this mechanism by manipulating price feeds or market dyna...


The next step for decentralized identities (DIDs) in Web3 is all about scaling adoption and usability. While the technology is powerful, most people don’t want to manage private keys or deal with complex cryptographic proofs. To truly reshape the internet, DID systems need to become as easy as logging in with Google or Facebook—yet without the centralization.
Mainstream Adoption: We’ll likely see integration of DIDs into everyday apps—banking, healthcare, education—where users don’t even realize they’re using blockchain. The DID layer will work behind the scenes.
Interoperability: Standards (like W3C DID and Verifiable Credentials) are being developed so that a DID created on one blockchain (e.g., Ethereum) can also be used on another (e.g., Polygon, Cosmos, or even non-blockchain systems).
Regulatory Clarity: Governments are experimenting with blockchain-based identity (e.g., EU’s eIDAS 2.0, Zug in Switzerland). Once legal frameworks solidify, businesses will have more confidence to adopt.
Social Recovery & Key Management: Losing a private key shouldn’t mean losing your identity. Innovations like multi-party recovery (friends/family helping restore access) or biometric-linked wallets could make DIDs safer for mass use.
Zero-Knowledge Proof Expansion: Expect ZKPs to become standard. You’ll prove facts about yourself—like being over 21, being a citizen, or having sufficient funds—without revealing sensitive personal information.
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💡 The Big Picture:
Web3 identities are more than just a login tool. They could replace passports, medical records, even voting IDs, while keeping data ownership in the hands of individuals. In a future shaped by DIDs, you become the center of your digital life—not corporations or governments.
The next step for decentralized identities (DIDs) in Web3 is all about scaling adoption and usability. While the technology is powerful, most people don’t want to manage private keys or deal with complex cryptographic proofs. To truly reshape the internet, DID systems need to become as easy as logging in with Google or Facebook—yet without the centralization.
Mainstream Adoption: We’ll likely see integration of DIDs into everyday apps—banking, healthcare, education—where users don’t even realize they’re using blockchain. The DID layer will work behind the scenes.
Interoperability: Standards (like W3C DID and Verifiable Credentials) are being developed so that a DID created on one blockchain (e.g., Ethereum) can also be used on another (e.g., Polygon, Cosmos, or even non-blockchain systems).
Regulatory Clarity: Governments are experimenting with blockchain-based identity (e.g., EU’s eIDAS 2.0, Zug in Switzerland). Once legal frameworks solidify, businesses will have more confidence to adopt.
Social Recovery & Key Management: Losing a private key shouldn’t mean losing your identity. Innovations like multi-party recovery (friends/family helping restore access) or biometric-linked wallets could make DIDs safer for mass use.
Zero-Knowledge Proof Expansion: Expect ZKPs to become standard. You’ll prove facts about yourself—like being over 21, being a citizen, or having sufficient funds—without revealing sensitive personal information.
---
💡 The Big Picture:
Web3 identities are more than just a login tool. They could replace passports, medical records, even voting IDs, while keeping data ownership in the hands of individuals. In a future shaped by DIDs, you become the center of your digital life—not corporations or governments.
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Information you need or don't need about web 3 - 12 2 min read @paragraph