Top 10 cryptocoins on Web 3.0
Crypto Tonka
Table of contents:
What is Web 3.0?
Interoperability of Web 3.0 and Metacellane
Top 10 Web 3.0 tokens
Summing up
In 2021, the total market capitalization of cryptocurrencies reached $3 trillion, and this is far from the limit. After the Metaverse began to conquer the Internet, the word Web 3.0 was included in the dictionary of newfangled words. Previous Web 1.0 and Web 2.0 contributed to the growth of the Internet, and Web 3.0 sets larger goals and pays special attention to decentralization, giving users control over their data. What is Web 3.0?
What is Web 3.0?
[Note: although the terms Web 3.0 and Web3 have different origins, they are often confused. In this article, we will use the first option.]
Web 3.0 is a new concept that denotes the next stage of Internet evolution. Web 1.0 existed from 1990 to 2004: then most websites were static and created by various business companies. People saw the possibilities of Web 1.0 and started buying domain names, and later selling them at higher prices to other companies.
Web 2.0 was the era of user-generated content and social networks. Users began to communicate with each other through social networks, blogs and vlogs, which eventually became mainstream. Evolution has led to an increase in the volume of content and to the fact that most of the data is controlled by a small group of technology giants such as Google, Microsoft and Facebook. This raised the issue of user privacy.
The Internet continues to develop: Web 3.0 focuses on decentralization based on the concept of peer-to-peer Internet solutions, where users control how their data is used. Web 3.0 is expected to increase data transparency and content availability. This evolution will be carried out on the basis of blockchain technology, because many applications and services are beginning to implement it into their mechanics.
This method helps to eliminate centralized storage aggregators and helps to maintain security thanks to a distributed consensus. In simple words, Web 3.0 seeks to take control of information from large companies and return it to users.
Interoperability of Web 3.0 and Metacellane
The main advantages of Web 3.0 are user interaction and scalability, which are necessary to support operations. For Web 3.0 to be truly functional, it must have three main functions - decentralization, scalability and security. The concept of interoperability of Web 3.0 and Metacellane is possible thanks to NFT. With their help, users interact with each other in virtual reality, while Web 3.0 helps to facilitate trading and communication.
Since Web 3.0 is a set of applications on a decentralized platform, interoperability can be achieved through the interaction of applications with the Metacellanena concept. For example, Decentraland Mana introduced a global network of users where they can manage a common virtual world by buying and selling digital real estate.
To begin with, users and market participants need to purchase LAND to obtain ownership of their plot, that is, digital real estate. MANA is used to facilitate the purchase of LAND and goods in Decentraland. The trading platform allows participants to exchange LAND tokens, and also facilitates transactions with in-game items.
The decentralized Internet is a key component of the Metacellaneous Internet, as it needs decentralization. In centralized applications, permissions must be requested to ensure compatibility.
Top 10 cryptocoins on Web 3.0
Kusama
Kusama is a scalable open source blockchain network. Its specialized blockchains are built using the Substrate framework. Kusama предоставляет блокчейн-разработчиков платформу для творчества и реализации инновационных идей.
The network strives to change the current situation and return control to users. The Kusama project was created by Gavin Wood, co-founder of Ethereum and founder of Polkadot.
The token of this KSM network allows you to vote in management referendums, appoint validators, check the network and bind parachains. The current price of KSM ranges from $170 to $374, and the market capitalization is $1.4 billion. WalletInvestor predicts that by 2026 the price of KSM will reach $4,581.970.
Тета
Theta is a streaming platform that rewards users for sharing their additional bandwidth and computing resources. YouTube co-founder Steve Chen says that Theta will destroy the online video industry, as YouTube did in 2005.
Theta solves the problem of showing videos in certain parts of the world by reducing costs. At the same time, the project does not sacrifice image quality. Theta aims to provide high-quality video streaming for everyone.
Users receive a reward in the form of the Theta Fuel Token(TFUEL), когда они делятся свои пропускную способность и вычислительные ресурсы. Олярный токен Theta (THETA) связан с управлением платформу.
Theta also has another huge advantage - open source, which allows you to innovate from the community. To ensure security, the network uses Proof-of-Stake (POS) and Multi-Level BFT consensus algorithms. Currently, THETA price is $2.56, and the market capitalization is $2.56 billion.
Arweave
Arweave is a decentralized network that helps you save data and applications on a collective hard drive where information is not lost anywhere. One of the advantages of this architecture is that no one can overwrite your data. Additional problems that Arweave solves are 404 error in NFT, reduced quality of web applications and hidden editing.
If you help maintain the Arweave website, you receive a reward in the form of AR tokens. Arweave is owned and managed by the community. Bonuses in this network can also be obtained for renting additional storage space or creating an application for the network.
The price of Arweave is currently $33, and the market capitalization is just over $1 billion. The network uses Blockweave technology, a type of blockchain that connects a new block not only with the previous one, but also with a random additional block. The network received funding from Coinbase Ventures, Andreessen Horowitz and Union Square Ventures.
Siacoin
If you want to support the development of the decentralized Internet and digital currency, then SC is a Web 3.0 coin that will definitely interest you. Sia provides another data storage option. This platform stores your data in a decentralized network cloud and allows you to control your data's private encryption keys.
The price of Sia cloud storage is not as high as that of other competitors: 1TB of memory will cost only 1-2 dollars. Siacoin is a cryptocurrency platform, it is needed to pay for additional space in the cloud. You can get SC through mining and trading. The current price of this token is about $0.0092, and the market capitalization is $0.46 billion.
Flux
Flux is a scalable decentralized cloud infrastructure (not to be confused with other companies of the same name). This cloud software offers products that, thanks to their decentralization, compete with technology giants such as Amazon Web Services. Developers using Flux can create, manage, host servers and run Web 3.0 applications on multiple servers at an impressive speed.
Flux also offers an operating system with decentralized functions called FluxOS. Anyone can control the node, for which they will receive a reward, which is divided in half together with GPU miners. Flux makes a tangible contribution to the development of Web 3.0 thanks to a recent partnership with the technology giant Nvidia.
Thus, Flux has exclusive access to Nvidia engineers and marketers who will support the further development of the decentralized Internet. At the time of writing this article, one FLUX is estimated at $1.46 with a market capitalization of $327 million.
Ocean Protocol
Ocean Protocol provides tools for creating Web 3.0 applications. In addition, Ocean Protocol decentralizes data exchange and access on the Internet. OCEAN helps to buy and sell data, as well as manage community funding. The token will grow in price as its use increases.
The token is also issued in limited batches to promote long-term stability and rapid growth. The current price of OCEAN is $0.5775, and the market capitalization is $354 million.
Kadena
This platform is designed to support the operation of global financial systems. Kadena enhances the security of smart contracts, provides innovative energy efficiency and POS safety. Kadena consumes the same amount of energy regardless of the amount of demand, which cannot be said about most other platforms.
This network uses extensive blockchains, which can handle up to 480,000 transactions per second (TPS). As more blockchains are added, the protocol scales to more impressive computing power.
KDA is a token used to process transactions in the Kadena blockchain. The total issue of KDA is one billion. The token will be mined for 1120 years. Now one KDA costs $5.21, and Kadena's market capitalization is $870 million.
Audius
Audius may appeal to music lovers. This is a streaming platform, the purpose of which is to reduce the importance of the contract with the record label. Musicians can publish their music and create a fan base on Audius. For staking the AUDIO token, authors receive badges and tokens, as well as votes from their fans.
The AUDIO token also gives access to community management and exclusive features. In addition, this token ensures the security of the network. Among the performers supporting Audius are such musicians as deadmau5, 3LAU, Rezz and Stafford Brothers.
This platform provides high quality audio streaming at a speed of 320 kbit/s. Now the price of AUDIO is $0.8232, and its market capitalization exceeds $424.5 million.
Radicle
Radicle is a decentralized platform for code collaboration. Smart network contracts are used to control access, and ownership is shared by multi-signature. People can use the RAD token to sponsor projects and participate in management.
Currently, the price of RAD is $5, and the market capitalization is $131 million. Radicle plays an important role in the development of the Web 3.0 space, where more than 1,000 projects have already been published.
Syntropy
Syntropy's mission is to solve the problems of the Web 3.0 space. The project makes the decentralized Internet even safer and more profitable for its users. Syntropy is used in the areas of security, management, confidentiality, reliability, performance and efficient use of resources.
Web 2.0 relies on third parties to ensure security, such as security certificates and trusted authorities. Syntropy excludes a third party from the data encryption process.
The Syntropy Token (NOIA) supports communication on the network. At the time of writing this article, its price is just over $0.13 with a market capitalization of $68.5 million. You can still have time to join the project literally at the start.
Summing up
Web 3.0 tokens, metaverse coins and NFT are one of the best advantages of the crypto market in 2022. Technology is being rebuilt to a decentralized Internet: now they use artificial intelligence and virtual reality. Blockchain technology attracts more and more people and investors.
If you want to support Web 3.0 and the bitcoin crypto market, and at the same time profit from investments, then you should take a closer look at these tokens from the top 10!