Code Is Law: Web3 World in the Eyes of a Programmer

3 min readJun 2, 2023


In the realm of the Internet, the code underpins various products and services across platforms. Programmers play a key role in it. It is fair to say that programmers are indispensable to the current Internet world.

Today’s Web3 is hailed as the next generation of the Internet, and it is a far cry from Web1 and Web2 at its core. Web1 and Web2 build the platform and infrastructure for users, who surprisingly have zero control and limited options available. Similarly, programmers have no control over it, and can only create codes as required by the service provider.

Web3 is designed to make a difference. Based on underlying technologies like blockchain, Web3 establishes a new realm of open collaboration and privacy protection that is driven by users and programmers. Programmers can choose to become a developer in the world of Web3 and participate in a Web3 project, thus gaining actual control. For programmers who previously engaged in the Web2 industry, the world of Web3 may present barriers and challenges. However, it also offers a wealth of opportunities.

In the traditional Internet world, programmers typically follow a centralized, offline work model, and most of them have to endure long working hours. Web3 has offered them an opportunity to change the way they work. Instead of wasting much time commuting, they can work in a more comfortable, flexible environment. Elvin, a programmer from the global crypto exchange CoinEx, once said that Web3 had given him more work flexibility, and he also highly recognized the openness, collaboration, and privacy of Web3. For many programmers, Web3 represents both an opportunity and a significant turning point.

CoinEx, a renowned crypto trading exchange, has been at the forefront of embracing and promoting Web3. In 2016, Haipo Yang, who used to be a programmer and now the founder of CoinEx, resigned from a Web2 giant for the crypto world. He completed all the code of ViaBTC Pool on his own and launched it in two days. For Haipo Yang, code is a weapon he uses to explore the crypto world, but also the law in his eyes.

According to Haipo Yang, the market order is important, but the methods employed to establish that order vary between the traditional financial market and the crypto market. The former relies on regulations to maintain the order. Due to the lack of transparency in information, it requires a large number of intermediaries to verify information and ensure smooth transactions through legal regulations. By contrast, the crypto market enforces order through code. The code serves as the law, and numerous projects and applications have open-source code. The data on the blockchain boasts higher transparency compared to that in the traditional financial industry. Therefore, the crypto market, built on consensus protocols and smart contracts, does not require regulation nor can it be regulated. Yet a more trustworthy, transparent, free and open trading environment can be created.

The crypto industry has offered a decentralized, open, and transparent financial market where everyone is free and equal. Web3 can take power and control out of the hands of big tech companies and give it back to individual users. All users possess control over their own crypto assets. CoinEx shares a similar vision with Web3, aiming to break the shackles of traditional finance, serve as an easy gateway to the world of crypto for global users, and enable more individuals to seize the opportunities and wealth brought by crypto finance.

“The code changes the world.” It has become a reality rather than a dream for programmers including Haipo Yang. In the crypto world, code is more than simply a series of symbols. It functions as law, helping to make this world a more mature and beautiful place. This is especially true for the Web3 world.

About CoinEx

Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 5 million users across 200+ countries and regions. Founded with the initial intention of creating an equal and respectful cryptocurrency environment, CoinEx is dedicated to dismantling traditional finance barriers by offering easy-to-use products and services to make crypto trading accessible for everyone.