These Web 3.0 cryptocurrencies are the best to invest for profits
Blockchain technology is something that has been gaining heavy momentum these days. One of the areas it has been doing a tremendous job is on the internet. While the majority of the global populace is trying to invent new ways to invest in cryptocurrencies and blockchain, on the other side is Web 3.0. It is a new hybrid of the internet that aims to become the decentralized version of the virtual world. Web 3.0 strives for transparency and the users will see lots of content which are accessible to all. Let’s see the top Web 3.0 cryptocurrencies for investors to invest in 2022.
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.
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 parachain auctions. Experts consider Kusama a profitable short-term investment as the network is older and stronger.
Livepeer is a decentralized video streaming network built on the Ethereum blockchain. It is secure and 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.
Polkadot is one of the most widely known cryptocurrencies in the crypto market, but investors might not know that it is actually a Web 3.0 project. The network is known for seeking scalability and compared to Ether, it ranks higher when it comes to charging low fees and offering fast speeds.
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. It also claims to be secure enough to store more sensitive information like private company information and records.
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.
Kadena is a scalable PoW layer-one blockchain protocol that is stated to be capable of processing up to 480,000 transactions per second (TPS), thanks to the use of brainded chains. Unlike the top PoW cryptocurrency Bitcoin, Kadena offers smart contract capabilities similar to those in Ethereum.
ZCash is one of the first privacy-built 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 of being a privacy feature option.
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.
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