Top 10 Cryptocurrencies That Will Win The Web 3.0 Race In 2022 – Smart contracts are being used in decentralized initiatives to automate transactions over the internet. In recent years, blockchain technology has gained tremendous popularity. On the internet, for example, it has done an outstanding job.
While majority of the world’s population is attempting to develop new ways to invest in cryptocurrencies and blockchain, Web 3.0 is on the horizon. It’s a new internet hybrid that aspires to be a decentralized version of the virtual world. Web 3.0 aims for transparency, so consumers will view a lot of stuff that is open to anyone.
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Let’s take a look at the top ten cryptocurrencies that will likely win the Web 3.0 race in 2022:
1. Helium (HNT)
Helium is a decentralized blockchain-powered IoT network that uses a global network of low-energy wireless hotspots to broadcast data through radio waves, which is then stored on the blockchain.
To ensure that the hotspots are providing real wireless coverage, the network employs a new technique known as proof-of-coverage consensus.
2. Filecoin (FIL)
The filing cabinet of the Web 3.0 era is Filecoin. It’s a decentralized storage network that may be used as a secure option to centralized cloud storage as well as a passive income source.
Filecoin may hold nearly any sort of data, including audio, video, still photos, and text. It also claims to be safe enough to hold more sensitive data, such as confidential company records and information.
3. Kusama (KSM)
Putting money into Kusama is like taking a detour through Polkadot. Kusama was chosen and implemented because of its track record of parachain success. Developers can utilize this cryptocurrency to tackle a variety of issues with their applications.
Developers compete for a seat on the Kusama network using parachain auctions, just like they do for DOT. Kusama is a successful short-term investment, according to experts, because the network is older and stronger.
4. 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 recognized for pursuing scalability, and when compared to Ether, it outperforms Ether in terms of low costs and rapid speeds.
DOT can be considered the market leader and the leader of the decentralized internet sector due to its extremely highly position and gradual development in market value.
5. BitTorrent (BTT)
BitTorrent is the world’s first torrent tracker and most powerful peer-to-peer network. Large files are split into pieces and sent over the internet in this format, which then reassemble into a single file on the recipient’s computer. Anyone who downloads the file from the network joins the distribution automatically.
6. Kadena (KDA)
Kadena is a scalable PoW layer-one blockchain system that, thanks to braided chains, claiming to be able to process up to 480,000 transactions per second (TPS). Unlike the most popular PoW cryptocurrency, Bitcoin, Kadena supports smart contracts in the same way as Ethereum does.
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7. ZCash (ZEC)
ZCash was created by a consortium of scientists from John Hopkins, MIT, and other prestigious academic and scientific organizations as one of the first privacy-focused cryptocurrencies. Surprisingly, this privacy coin was based on the Bitcoin core, with the exception that it includes a privacy feature.
8. Flux (FLUX)
The purpose of Flux is to lay the groundwork for developers to carry out the next iteration of the web. Users can utilize Flux to create Web 3.0 applications and decentralized projects, which they can subsequently distribute over several networks.
This is made even more efficient by FluxOS, a decentralized operating system designed just for Flux users. It also offers blockchain-as-a-service (BaaS), which is similar to SaaS.
9. Livepeer (LPT)
On the Ethereum blockchain, Livepeer is a decentralized video streaming network. Directly at the Web 3.0 video stack layer, the protocol delivers outlay broadcast and streaming services.
The Livepeer protocol specifies how the many parties in the streaming system can participate in a secure and cost-effective manner. It primarily focuses on two objectives: real-time video delivery and network participation.
10. Ocean Protocol (OCEAN)
OCEAN is yet another cryptocurrency that provides all of the resources required to create a Web 3.0 solution. For those wishing to invest in a Web 3.0 token with a lot of potential, the token is one of the finest options.
Several tools for developing Web 3.0 applications have been developed by the protocol. The protocol also aims to decentralize the concept of data sharing on the internet, allowing for greater access and openness in data processing.