The next is a visitor put up from Hlib Rabchuk, PR Supervisor at Ethereum Ukraine.
Web3 is evolving at breakneck pace—new protocols emerge, developer developments shift, and the talents in demand at present may develop into out of date tomorrow. For these navigating the business, staying forward isn’t nearly technical experience; it’s about understanding the place the area is headed.
Yurii Kovalchuk, Web3 Engineer at Forte Group and blockchain improvement lecturer at Set College, has witnessed these shifts firsthand. With over 9 years in IT, spanning Java back-end improvement to main groups in Web3 startups, he brings a novel perspective on how the business has modified and the place it’s going subsequent.
From the rise of Rust and AI-integrated Web3 options to safety blind spots that also plague builders—this interview unpacks the fact of constructing in Web3 at present. Whether or not you’re a developer, investor, or only a curious thoughts trying to make sense of the area, Yurii’s insights supply a uncommon look into the challenges and alternatives shaping the way forward for blockchain.
Web3 labour market: how has the business modified over the previous 5 years?
– How completely different is the demand for Web3 specialists at present in comparison with 5 years in the past? What topics ought to a median pupil developer take note of so as to work in Web3?
Yurii: 5 years is an entire period for Web3. This era is simply too sturdy for evaluating modifications because the market develops in speedy cycles.
For instance, 5 years in the past, we didn’t even know what DeFi was. Now it is without doubt one of the key parts of Web3. But when we discuss present developments within the labour market, that is the important thing factors that I see:
Excessive demand for Rust builders. The recognition of Solana has elevated, and so has the demand for specialists who can successfully write in Rust.Web3 engineers with an understanding of AI. The AI agents-space is growing quickly, and there’s a demand for AI integration into Web3 protocols.Safety Researchers. A brand new wave of AI-related assaults is predicted, so auditors and safety specialists have gotten much more sought-after.Developer Relations. This function that helps construct a bridge between initiatives and builders, is turning into more and more necessary as Web3 expands past the slender technical neighborhood.Entrepreneurs with an aggressive model. Web3 has a really particular advertising model, which requires flexibility and quantity. The same old strategies don’t at all times work.Group managers. Web3 initiatives are closely depending on the neighborhood, and respectable neighborhood administration is turning into crucial.
Solana vs. Ethereum: the place is one expertise forward of the opposite?
– What does Solana try this Ethereum has not but managed to attain? Are there any modifications that might right this imbalance?
Yurii: Certainly, Solana at the moment has a bonus when it comes to throughput and low charges. All resulting from its structure, which permits it to succeed in hundreds of transactions per second with out the necessity for extra scaling layers.
Ethereum, alternatively, builds a extra decentralized and trusted infrastructure, which makes it safer and extra sustainable in the long term. Layer 2 options are being actively developed and already enable Ethereum to considerably enhance efficiency.
With future updates, Ethereum will be capable to meet up with Solana when it comes to transaction pace and value.
However whether or not Solana will be capable to obtain the identical stability and decentralisation as Ethereum is an open query.
One crucial safety mistake nonetheless being made in Web3
– You usually check with the significance of safety in your weblog. What’s one frequent safety mistake that Web3 builders nonetheless make?
Yurii: The largest mistake that builders and customers alike nonetheless make is not managing personal keys correctly.
Sure, the joke in regards to the personal key commit on GitHub continues to be related as a result of it is just partially true. Folks usually retailer seed phrases, personal keys, and different delicate data incorrectly, neglecting {hardware} wallets and extra signature checks, which ends up in hacks, phishing, and asset theft.
Entry administration in good contracts is available in second. That is the principle reason for Web3 protocol hacks, as many builders both depart extreme administrative rights or incorrectly implement contract replace mechanisms.
In consequence, homeowners could lose management of the protocol, or hackers could acquire entry to crucial capabilities.
Web3 continues to evolve, however primary safety errors are nonetheless the reason for the largest assaults and hacks.
Web3 wants a rebranding. However what sort of rebranding?
– You latterly said that Web3 wants a brand new positioning. What particular elements do you assume must be modified?
Yurii: I don’t imagine that “Web3″ as a time period wants rebranding – its picture continues to be fairly optimistic and untarnished.
The necessity for change is extra associated to the ideas of crypto and blockchain.
Crypto at present has a really speculative and unfavorable picture because of the giant variety of individuals making an attempt to abuse the system and chase straightforward cash. Blockchain, alternatively, is perceived as an outdated and archaic time period, and generally even robotically recognized with cryptocurrencies, which creates the fallacious impression. This could solely be corrected by training and correct communication.
On my social media pages, I at all times clarify that these three ideas – Web3, blockchain and crypto – are all utterly various things.
Therefore, Blockchain is a expertise, Crypto is certainly one of its use instances, and Web3 is an entire paradigm of the brand new Web, with which you personal your information and belongings.
This strategy ought to assist form the proper notion of Web3 among the many mass viewers.
Pectra: what’s it and why is it necessary?
– On 24 February, the Ethereum Pectra arduous fork is because of happen. What key modifications does this replace deliver, and what new alternatives does it open up for the Ethereum ecosystem and its builders?
Yurii: The Pectra arduous fork is one other necessary step in Ethereum’s improvement, combining two main choices: Prague for the Execution Layer and Electra for the Consensus Layer. This will likely be one of many largest Ethereum updates in historical past (when it comes to the variety of EIPs). There are three foremost areas price noting:
Person Expertise (EIP-7702) is a brand new strategy to briefly changing EOAs (Externally Owned Accounts) into good contracts, which considerably improves UX and brings us nearer to actual Account Abstraction (AA). This opens up alternatives similar to transaction batching, cost of commissions utilizing ERC-20 tokens, and completely different ranges of account entry.Validators’ work (EIP-7002, EIP-7251). Validators will be capable to withdraw their earnings and staked ETH independently, which can make the method extra versatile and quicker. Apart from, the utmost quantity for staking by one validator will enhance from 32 ETH to 2048 ETH. This can simplify administration for big stakers and cut back the variety of validators within the community whereas sustaining its decentralization.EIP-7691 will increase the utmost variety of Blob information in a block to 9 (beforehand 6) and the goal quantity to six (beforehand 3), which briefly improves Ethereum’s throughput for rollup options till peerDAS is applied. EIP-7623 will increase the price of calldata by encouraging rollups to make use of Blob information, which is a extra environment friendly means of storing it.
Are builders nonetheless creating the market developments?
– You might be at the moment collaborating within the Uniswap Hook Incubator. Provided that the dominant market narratives are formed by builders, is it doable to foretell market developments in such a neighborhood?
Yurii: Sure, I’m at the moment in the midst of finishing an incubator programme run by the Uniswap Basis & Atrium Academy. In it, we’re deeply exploring the capabilities of Uniswap v4 and its foremost characteristic – Hooks.
This model opens up limitless prospects for AMM customisation, together with dynamic charges, MEV safety, versatile liquidity administration mechanisms, which lets you construct not simply add-ons to Uniswap, however full-fledged protocols on prime of it.
Furthermore, Uniswap units a vector not solely in DeFi. For instance, initiatives similar to Flaunch, a launchpad for memecoins with a good public sale, reveal that its utility goes far past conventional DEX.
I believe the following huge development is the deeper modularity of DeFi protocols and the mixing of customized mechanics into liquidity. V4 permits you to create merchandise with your personal algorithms for pricing, asynchronous change, and versatile liquidity administration, which may considerably change the DeFi market within the coming years.
Memecoin automation: a brand new alternative or a danger bubble?
– The current launch of pump.enjoyable on cell units has made it clear that creating memecoins is simpler than ever. Your initiatives from the final two hackathons additionally simplify this course of. Is there a danger that this ease of token issuance will result in a large bubble? Isn’t Web3 turning into a quick meals business?
Yurii: Certainly, certainly one of our initiatives actually simplified the creation of memecoins through the use of AI brokers.
We noticed that memecoins and AI are two of probably the most dynamic areas in Web3 proper now, so we determined to mix these developments by exploring their synergy and doable impression available on the market. The benefit of creation will definitely result in a rise within the variety of tokens, and never all of them could have a superb basis or utility. Nonetheless, I don’t imagine that the combat towards low-quality initiatives must be to make it artificially troublesome to create them.
Web3 continues to be within the strategy of enhancing the person expertise, and our job is to make it extra accessible to newcomers. Restrictions and limitations aren’t the reply – it’s extra necessary to show individuals to tell apart high quality and perceive worth.
It’s identical to with meals: as an alternative of banning quick meals, we train youngsters to decide on wholesome meals. Web3 ought to do the identical – not block, however increase consciousness.
Memecoins vs. belief in Web3
– Do memecoins discredit the Web3 business within the eyes of people that need to develop into builders and buyers? How do the occasions round Libra, $TRUMP, CZ, and different comparable instances have an effect on the belief within the expertise?
Yurii: I don’t imagine that memecoins as a category of tokens discredit the Web3 business. They will have wholesome mechanics and utilities. Consider them as promotional flyers or a PR marketing campaign for a undertaking.
If you wish to shortly appeal to the eye of the viewers and type a neighborhood, memecoins can successfully play this function. Furthermore, memes are nearer to a large viewers – each for strange customers and lovers who need to launch one thing of their very own, even whether it is of a fan nature.
As for the discrediting of Web3 typically, this situation doesn’t apply solely to memecoins. Any undertaking whose foremost objective is to deceive customers harms the business’s status. Whether or not it’s a memecoin or a Layer 1 blockchain that existed solely on paper, raised thousands and thousands by an ICO, and disappeared, the precept is identical. Sure, because of the ease of token creation, this device has certainly develop into extra accessible to scammers, and rag pulls are actually occurring extra usually. However, as within the earlier query, the answer will not be in bans however in training.
DYOR (Do Your Personal Analysis) stays a key precept for all Web3 members.
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