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These Web 3.0 cryptocurrencies are decentralized projects and are the best to invest in profits
Since Web 3.0 is meant to operate via decentralized protocols, which are the foundation blocks of cryptocurrency technology and blockchain, there will be a growing relationship between these three technologies. Web 3.0 is the third-generation internet, where apps and websites will process information in a much more human-like way. Technologies like big data, machine learning, and decentralized ledgers will allow Web 3.0 to prosper. Web 3.0strives for transparency, and the users will see endless resources, content, and agreements that will be accessible to all. Web 3.0 cryptocurrencies are decentralized projects that use smart contracts and automate transactions over the internet. So, here we present a list of the top Web 3.0 cryptocurrencies that will outrun Ethereum in this price rally.
Audius is a decentralized music streaming protocol that aims to give “everyone the freedom to distribute, monetize, and stream any audio content.” $AUDIO is the native token that enables network security, exclusive feature access, and community-owned governance.
OCEAN is another crypto that offers all the tools needed to build a Web 3.0 solution. The protocol has developed several tools that are required to develop Web 3.0 applications. The protocol also focuses on decentralizing the concept of data sharing on the internet and access when dealing with data.
Helium is a decentralized blockchain-powered network for IoT devices that utilizes a global network of low-energy wireless hotspots to broadcast data through radio waves to be recorded in the blockchain. The network uses a new algorithm, known as the proof-of-coverage consensus, to validate that the hotspots are providing 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 possesses an excellent community. Therefore, many crypto investors prefer Chainlink over other cryptocurrencies.
Livepeer is a decentralized video streaming network built on the Ethereum blockchain. It is secure and the most cost-effective participation of the various actors in the streaming ecosystem. It mainly addresses two goals — distribution of real-time video, and encouraging network participation.
Flux aims to provide the groundwork for the developers to build out this new iteration of the web. One can develop Web 3.0 applications and decentralized projects using Flux. This becomes especially efficient with the help of FluxOS — a decentralized operating system made just for Flux users.
Filecoin is like the filing cabinet for Web 3.0. It is a decentralized storage network that serves as a secure alternative to centralized cloud storage and a passive way of making 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 like private company information and records.
Investing in Kusama is like taking a detour via Polkadot and is set to carry out due to its proven records for the success of parachains. Just like DOT, developers compete to get a spot on the Kusama network through para-chain auctions. Experts consider Kusama a profitable short-term investment as the network is older and stronger.
Theta aims to be the next-generation entertainment and video that’s blockchain-powered by its users. It aims to facilitate the delivery of decentralized video for users, with enterprise validator nodes from Sony, Google, Samsung, and other companies.
ZCash is one of the first privacy-built Web 3.0 cryptocurrencies, which was developed by a group of scientists from John Hopkins, MIT, and other eminent academic and scientific institutions. Interestingly, this privacy coin was originally built on the Bitcoin codebase with the only difference being a privacy feature option.