Web 3.0 excitement, which has been the most popular topic of the past months, has been present in the crypto money field for a while. So, which web 3.0 coin project should you follow? Here are 5 web 3.0 coins highlighted by experts according to their services and contributions…
Brief information about Web 3.0
Before moving on to web 3.0 coins, it is necessary to briefly process web 3.0. The current vision of Web3 tends to be a more democratic version of today’s online world. It is centered around the idea of removing control of dominant big data companies and other central authorities and handing it over to the masses. cryptocoin.com As we have also known, this is what is meant by decentralization. Decentralization means that internet users can transact business peer-to-peer by cutting through the middlemen and removing the power of controlling entities. There is a greater focus on user privacy, transparency and ownership.
This is where blockchain technology and cryptocurrency come into the equation. Cryptocurrencies and the token economy facilitate this decentralization model. It allows information to be stored in a distributed ledger without the authority of any controlling entity. Despite claims of democratization by some crypto projects, with token holders able to participate in governance, a common criticism of Web 3.0 is that control is concentrated among venture capitalists and early adopters. There are many different paths that the future development of Web 3.0 can take. A few crypto money projects stand out in Web3 technologies, which we are starting to see being distributed today.
Which web 3.0 coin projects can be considered?
- Chainlink (LINK): Chainlink (LINK), a decentralized oracle network, has become the building block of the modern web3 ecosystem. Chainlink empowers decentralized finance with decentralized oracles. Chainlink brings external data to Blockchain with oracle network.
- Helium (HNT): Helium is often advertised as one of the biggest success stories in the Web3 space. Helium provides Blockchain support for internet of things (IoT) tools. Low-power and wireless devices interact via data sharing via the Helium network.
- The Graph (GRT): In accordance with Web3, The Graph protocol’s ability to create a global public information network helps eliminate the need for projects to develop and run proprietary indexing servers. This saves time and money spent on engineering and hardware resources that only work to centralize information.
- Filecoin (FIL): Filecoin is a web3 project that plans to solve the storage problem on the internet. Filecoin claims to be the world’s largest distributed data storage network, with total storage capacity covering around 1 percent of global storage in its first year of operation.
- Polkadot (DOT): Polkadot is an open source project developed by the community and supported by the Web3 Foundation. In keeping with Web3’s beliefs, Polkadot aims to make all Blockchains interoperable. It aims to create a truly decentralized system where users are in control.
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