Web 3.0 is the next generation internet that leverages Blockchain technology to deliver decentralized protocols through various cryptocurrency tokens. The most proficient Web3 coins leverage these technologies to provide multiple use cases. Experts expect rapid growth for Web3 coins over the next decade. In this context, experts share the top 5 altcoin projects.
First on the list of Web3 coins is Polkadot (DOT)
One of the primary concerns in a random introduction to Polkadot refers to recognition in an explicit form. Basically, Polkadot Blockchain is a next-generation Blockchain protocol designed to unify an entire purpose-built Blockchain network. The different emphasis on Polkadot is that it allows blockchains to run smoothly with the desired scalability. Polkadot enables the transmission of any kind of information over a random blockchain. So it’s possible that it opens up possibilities for a variety of real-world use cases. Best of all, Polkadot creates new opportunities for the arrival of new decentralized markets. For this, it combines the best functions of different specialized Blockchains.
The second-ranked altcoin project is Internet Computer (ICP).
The Internet Computer (ICP) is a blockchain-based decentralized network that aims to provide a “borderless” environment for smart contracts and other decentralized applications to run on the web. The Swiss-based cryptography foundation DFINITY initiated the project. Internet Computer provides valuable infrastructure upgrades that will potentially solve the scaling issues of other blockchains such as Ethereum.
Basic Attention Token (BAT) ranks third on the list
Many internet users set out to avoid online advertisements. But what if they had a financial incentive to view them? Basic Attention Token (BAT) is a Web3 coin that aims to create a virtuous circle around digital advertising that is fair to content creators and consumers. BAT runs on Ethereum (ETH). Also, it’s natively integrated into a custom web browser called Brave. It is possible to exchange BAT between advertisers, publishers and internet users compared to web activities. In this direction, it aims to facilitate trade in the middle of the three clusters. For more information about altcoins Koindeks.comTake a look at this article.
Arweave (AR) the fourth project in the list of Web3 coins
Arweave is a decentralized storage network that aims to provide a platform for storing data indefinitely. It describes itself as ‘a collectively owned hard drive that never forgets’. The network primarily hosts the ‘permaweb’ (a persistent, decentralized web with a host of community-oriented apps and platforms). Arweave Network uses AR, a native cryptocurrency, with the goal of paying ‘miners’ to store the network’s information indefinitely. The project was first announced as Archain in August 2017. However, it was later rebranded as Arweave in February 2018. It officially launched in June 2018.
The last in the list of Web3 coins is Theta Network (THETA)
Theta is a native blockchain with an open source protocol. That is, it enables developers and partners to build decentralized applications on the network just like Ethereum does. It is powered by Blockchain technology, which provides free, high-bandwidth content distribution. A decentralized peer-to-peer image distribution network with these features. Theta Network provides decentralized video streaming infrastructure that is cheaper than competing centralized platforms. Thus, it aims to be a new generation entertainment technology.
Alltcoins featured in the article are not necessarily investment advice. Definitely do your own research as the cryptocurrency market is quite volatile and unknown.