by Aratrika Dutta
February 22, 2022
Web 3.0 cryptocurrencies are decentralized projects that use smart contracts and automate transactions
blockchain technology is something that has gained momentum these days. The Internet is one of the most particular areas where there is supposed to be progress. While the majority of the world’s population tries to invent new ways to invest in blockchain and crypto, Internet 3.0 is about to emerge as the cornerstone of something bigger than the tech industry ever imagined. Internet 3.0 is the new breed of the internet that aims to become the decentralized version of the virtual world. Through this network, users can intelligently interact and collaborate without worrying about central and data-specific repositories. Web 3.0 aspires to transparency and users will see endless resources, content and agreements that will be accessible to everyone. Web 3.0 Cryptocurrencies are decentralized projects that use smart contracts and automate transactions on the Internet. Thus, we present here a list of Top Web 3.0 Cryptocurrencies to buy before its boom in 2022.
Helium is a blockchain-powered decentralized network for IoT devices that uses a global network of low-power wireless access points to broadcast data over radio waves to be recorded in the blockchain. The network uses a new algorithm, known as Proof of Coverage Consensus, to validate that access points provide legitimate wireless coverage.
LINK is a blockchain abstraction layer that enables universally connected smart contracts. Not only does it present the ideal combination of a project with the right technology behind it, but it also has enough resources for further development. The best part: Chainlink has a great community. Therefore, many crypto investors prefer Chainlink over other cryptocurrencies.
Filecoin is like the filing cabinet of Web 3.0. It is a decentralized storage network that serves as a secure alternative to centralized cloud storage and a passive way to earn money. Filecoin can be used to store almost any type of data, be it audio files, videos, still images or text. It also claims to be secure enough to store more sensitive information such as private company information and records. It is one of the best Web 3.0 cryptocurrencies that you can prefer to buy before its boom in 2022.
Audius is a decentralized music streaming platform that aligns the interest of artists, fans, and node operators with its native token, AUDIO. The token can be used for governance, staking, and incentivizing artist revenue. Audius also rewards its creators by featuring their music in weekly trending lists.
Flux aims to provide the foundation for developers to build this new iteration of the web. With the help of Flux, users can develop Web 3.0 applications and decentralized projects and then deploy them to different networks. This becomes especially effective with the help of FluxOS, a decentralized operating system designed just for Flux users. It also offers blockchain as a service (BaaS), which is very similar to SaaS.
Theta aims to be the next generation entertainment and video powered by blockchain by its users. It aims to facilitate decentralized video delivery for users, with enterprise validation nodes from Sony, Google, Samsung and other companies.
ZCash is one of the first cryptocurrencies designed for privacy, which was developed by a group of scientists from John Hopkins, MIT and other leading academic and scientific institutions. Interestingly, this privacy coin was originally built on the Bitcoin codebase with the only difference being a privacy feature option.
Livepeer is a decentralized video streaming network built on the Ethereum blockchain. It is the secure and most profitable participation of the various players in the streaming ecosystem. It primarily serves two purposes: the distribution of real-time video and the encouragement of network participation. It is one of the best Web 3.0 cryptocurrencies that you can prefer to buy before its boom in 2022.
Kadena is a scalable PoW Layer 1 blockchain protocol that is claimed to be capable of processing up to 480,000 transactions per second (TPS), through the use of branded chains. Unlike the leading PoW cryptocurrency Bitcoin, Kadena offers smart contract capabilities similar to those of Ethereum.
Investing in Kusama is like taking a side trip to Polkadot and should be done because of its proven records for parachain success. Much like DOT, developers compete for a spot on the Kusama network through parachain auctions. Experts consider Kusama a profitable investment in the short term because the network is older and stronger.
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