Web 3.0 is the next generation internet that leverages Blockchain technology to deliver decentralized protocols through various cryptocurrency tokens. The best Web3 coins leverage these technologies to provide multiple use cases. Experts expect rapid growth for Web3 coins over the next decade. In this context, experts share the top 5 altcoin projects.
First on the list of Web3 coins is Polkadot (DOT)
One of the first concerns with any introduction to Polkadot explicitly attributes recognition. Basically, Polkadot Blockchain is a next-generation Blockchain protocol designed to unify an entire purpose-built Blockchain network. The interesting highlight about Polkadot is that it allows blockchains to run smoothly along with the desired scalability. Polkadot enables any type of data to be transferred over any Blockchain. So it’s possible that it opens up possibilities for a variety of real-world use cases. Above all, Polkadot creates new opportunities for the arrival of new decentralized markets. For this, it combines the best functions of different specialized Blockchains.
The second-ranked altcoin project is Internet Computer (ICP).
The Internet Computer (ICP) is a blockchain-based decentralized network that aims to provide an “unlimited” environment for smart contracts and other decentralized applications to run at web speed. The Swiss-based cryptography foundation DFINITY initiated the project. Internet Computer provides significant infrastructure upgrades that will potentially solve the scaling issues of other blockchains such as Ethereum.
Basic Attention Token (BAT) ranks third on the list
Most internet users set out to avoid online advertisements. But what if they had a monetary incentive to view them? Basic Attention Token (BAT) is a Web3 coin that aims to create a virtuous cycle around digital advertising that is fair to content creators and consumers. BAT runs on Ethereum (ETH). It also integrates natively into a custom web browser called Brave. Exchange of BAT is possible between advertisers, publishers and internet users based on their web activity. In this direction, it aims to facilitate trade between the three groups. For more information about altcoins cryptocoin.comTake a look at this article.
Arweave (AR) the fourth project in the list of Web3 coins
Arweave is a decentralized storage network that aims to provide a platform for storing data indefinitely. It describes itself as ‘a collectively owned hard drive that never forgets’. The network primarily hosts the ‘permaweb’ (a persistent, decentralized web with a host of community-oriented apps and platforms). Arweave Network uses AR, a native cryptocurrency, to pay ‘miners’ to store the network’s information indefinitely. The project was first announced as Archain in August 2017. However, it was later rebranded as Arweave in February 2018. It officially launched in June 2018.
The last in the list of Web3 coins is Theta Network (THETA)
Theta is a native Blockchain with an open source protocol. That is, it enables developers and partners to build decentralized applications on the network just like Ethereum does. It is powered by Blockchain technology that enables free, high-bandwidth content distribution. A decentralized peer-to-peer video distribution network with these features. Theta Network provides decentralized video streaming infrastructure that is cheaper than competing centralized platforms. Thus, it aims to be the next generation entertainment technology
Alltcoins featured in the article are definitely not investment advice. Be sure to do your own research, as the cryptocurrency market is quite volatile and uncertain.
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