TOP 10 CRYPTOCURRENCIES THAT WILL WIN THE WEB 3.0 RACE IN 2022: These top ten cryptocurrencies are decentralized projects that make use of smart contracts to automate online transactions.
Blockchain technology has been gaining significant traction in recent years. One area in which it has excelled is the internet. While the bulk of the world’s population is attempting to discover new ways to invest in cryptocurrencies and blockchain technology, Web 3.0 is the polar opposite. It is a new internet hybrid that aspires to be the decentralized equivalent of the virtual world. Web 3.0 aims for transparency, and consumers will view a plethora of content that is open to anyone.
CRYPTOCURRENCIES THAT WILL WIN THE WEB 3.0 RACE IN 2022
Take a look at the top ten cryptocurrencies predicted to win the Web 3.0 race in 2022.
Helium is a decentralized blockchain-based network for IoT devices that makes use of a worldwide network of low-energy wireless hotspots to broadcast data to the blockchain via radio waves.
The network validates that hotspots are delivering real wireless service using a new technique called proof-of-coverage consensus.
Filecoin is comparable to a filing cabinet for the Web 3.0 era. It is a decentralized storage network that acts as a secure alternative to centralized cloud storage while also providing a passive revenue stream. Filecoin is capable of storing virtually any type of data, including audio files, movies, still photographs, and text. Additionally, it claims to be secure enough to hold highly sensitive data, such as confidential company records and information.
Investing in Kusama is equivalent to deviating to Polkadot. Kusama was established and carried out based on its established track record of parachain success. Developers can utilize this cryptocurrency to address a variety of issues relating to their projects. Similar to DOT, developers bid for a position on the Kusama network using parachain auctions. Due to the network’s age and strength, experts believe Kusama is a successful short-term investment.
The Polkadot (DOT)
Polkadot is one of the world’s most popular cryptocurrencies, yet many investors are unaware that it is a Web 3.0 initiative. The network is well-known for its scalability, and when compared to Ether, it scores higher in terms of low costs and fast speeds. Due to its market dominance and gradual increase in market value, DOT can claim to be the market leader and the decentralized internet sector’s leader.
The BitTorrent protocol (BTT)
BitTorrent is the world’s first torrent tracker and the world’s most powerful peer-to-peer network. Large files are fragmented and delivered over the web in fragmented form, where they are merged into a single file on the recipient’s computer. Each user who downloads the file from the network becomes an immediate member of the distribution.
Japan Kadena (KDA)
Kadena is a scalable proof-of-work (PoW) layer-one blockchain technology that promises to be capable of processing up to 480,000 transactions per second (TPS) due to its usage of braided chains. Unlike the leading proof-of-work cryptocurrency Bitcoin, Kadena supports smart contracts similar to those found in Ethereum.
ZCash is one of the first privacy-focused cryptocurrencies, developed by a team of academics from John Hopkins University, MIT, and other notable academic and scientific organizations. Interestingly, this privacy currency was initially constructed on top of the Bitcoin core, with the addition of a privacy feature.
Flux’s goal is to lay the basis for developers to build out this next web iteration. Users can utilize Flux to construct Web 3.0 applications and decentralized projects, which they can subsequently deploy over several networks. This is made even more efficient with the aid of FluxOS, a decentralized operating system designed just for Flux users. Additionally, it provides blockchain-as-a-service (BaaS), a model that is quite similar to SaaS.
Livepeer is an Ethereum-based decentralized video streaming network. The protocol enables low-cost broadcasting and streaming services at the Web 3.0 video stack layer.
The Livepeer protocol defines the most secure and cost-effective way for diverse participants in the streaming ecosystem to participate. It is primarily concerned with two objectives: the distribution of real-time video and the encouragement of network participants.
OCEAN is another cryptocurrency that provides all of the necessary tools for developing a Web 3.0 solution. The coin is one of the greatest investments for individuals seeking a Web 3.0 token with significant upside potential. The protocol has produced a number of tools required for Web 3.0 application development. Additionally, the protocol focuses on decentralizing the concept of data sharing on the internet, which enables access and transparency in the data management process.