Web 3.0 coins can be one of the crypto investment assets of choice for profit at this time. As is known, blockchain technology is currently growing rapidly with the emergence of Web3 technology.
So, what is Web 3.0 technology and what web 3.0 coins can be a digital asset investment? To answer that, let’s look at the description below.
What is Web 3.0?
In general, Web 3.0 is a significant evolution of the internet which is said to be the next generation of the development of the internet world. Previously, there was Web 1.0 which appeared from 1990—2004, then the next generation was Web 2.0 (since 2005—today).
Currently, the emergence of Web 3.0 has become a solution for user privacy because this next generation of internet focuses on decentralization with the concept of peer-to-peer (P2P) internet solutions.
Of course, the solution allows the user as a controller or controller of his own data and is free to use it in any way.
In summary, Web 3.0 is a P2P internet base that aims to increase user data transparency and content accessibility by leveraging blockchain technology.
This was done, mainly, because most services and applications are starting to be supported by blockchain, artificial intelligence (AI), metaverse, and others. Blockchain itself is arguably the main foundation for a decentralized system, which is also a new way to store and distribute data.
How Web 3.0 Works
As explained earlier, Web3 will be the next stage of internet evolution that will make the virtual world smarter. Thus, this new generation of internet is then able to process information with human-like intelligence, namely through the power of AI systems, which can run smart programs to help internet users.
At We3, there is the term Semantic Web, which is meant to “automatically” interact with systems, people, and home devices. That way, content creation and decision-making processes will later involve the roles of humans and machines.
Of course, it will enable the intelligent creation and distribution of highly customized content directly to every internet user. On the other hand, because the Web3 network will operate via a decentralized protocol—as the founding block of blockchain and crypto technology—it is predicted that in the future there will be a meeting and strong symbiotic relationship between these three technologies and other fields.
Advantages of Web 3.0
The advantages of Web3 can be seen from the 4 main features it has. The following is a brief description of the main features of Web 3.0.U
Ubiquity can be interpreted as being, in the sense of having the capacity to be anywhere, especially at the same time or being anywhere. Actually, Web 2.0 already exists everywhere, for example in terms of Facebook photo updates, which can be done and found at any time as long as there is a network or internet connection. However, Web3 takes it a step further than that, namely by making the internet accessible to everyone, anywhere and anytime.
Semantics is the study of the relationships between words. Thus, the Semantic Web is what allows computers to analyze a lot of data from the Web. Application of semantics on the Web will enable machines to decode meaning and emotion by analyzing data so that Internet users can have a better experience, driven by improved data connectivity.
Artificial Intelligence (AI) is defined as intelligence demonstrated by machines, in the sense that machines will simulate human intelligence. Given that a Web 3.0 engine is capable of reading and deciphering the meaning and emotions conveyed by a collection of data, it will produce an intelligent engine.
Some futurists consider that Web3 can be called the Spatial Web because this latest internet technology has the aim of blurring the boundaries between physical and digital. The trick is to revolutionize graphics technology and bring three-dimensional (3D) virtual worlds into clear focus.
Best Web 3.0 Based Coin
The development of Web 3.0 is welcomed by the blockchain and crypto world in general. Currently, there are a number of coins that have adopted this 3.0 technology. So, what are the lists of web 3.0 coins that can be chosen as digital assets for future investments? Here is the review.
On the first list of Web 3.0 coins is Polkadot. In fact, it is a Web 3.0 project, although it is better known as one of the most popular crypto assets. The network is also known for seeking scalability and has a higher rating for low cost charging and speed offering, when compared to Ether.
For those of you who want to monitor the latest or latest Polkadot prices and check price changes in the last 24 hours, please visit this website page.
Built on the Ethereum blockchain, Livepeer is a decentralized video streaming network. Livepeer itself, which is also the best Web 3.0 coin, becomes the safest and most cost-effective place for various actors in the streaming ecosystem.
There are two main goals discussed by Livepeer, namely:
- Real-time video distribution
- Encouraging network participation
Filecoin is often likened to a filing cabinet for Web 3.0. Basically, this best Web 3.0 coin is a decentralized storage network with the function of being a secure alternative to centralized cloud storage.
In addition, Filecoin can also be a passive way to make money from the internet. Filecoin also claims that its network is secure enough to store more sensitive information, such as private company information and records.
If you are interested in seeing the latest/last price of Filecoin and checking the price changes in the last 24 hours then you can go to the following link.
Ocean Protocol is the next Web 3.0 coin offering all the tools needed to build Web 3.0 solutions. For information, this one protocol has developed a variety of tools needed to develop Web 3.0 applications.
Furthermore, this protocol also focuses on the decentralization of the concept of sharing data on the internet and access when dealing with data.
For those of you who want to monitor the latest or latest Ocean Protocol prices and check price changes in the last 24 hours, you can directly click here.
Helium, which is one of the best Web 3.0 coins, is known to utilize a global network of low-energy wireless hotspots to broadcast data via radio waves to be recorded on the blockchain. Helium is a decentralized blockchain-powered network for Internet of Things (IoT) devices.
The Helium network uses a new algorithm, known as proof-of-coverage consensus, as a way to validate that hotspots provide legitimate wireless coverage.
For those of you who want to see the latest or latest Helium prices and check the price changes in the last 24 hours, please go to the following link.
Zcash is one of the first crypto assets built with privacy. Initially, Zcash was a coin built into the Bitcoin codebase, with the only difference being in the privacy feature options.
Well, for those of you who want to monitor the latest or latest ZCash prices and check price changes in the last 24 hours, you can go directly to the website page at this link.
One of the projects in the crypto space that is also Web 3.0 based and another best Web 3.0 coin is Theta. It is a video streaming platform with the concept of rewarding each user for sharing bandwidth and computing resources with each other.
Theta itself has been touted as a major competitor of the online video industry. Theta is known to be able to overcome the problem of sending videos to certain rooms, which can save costs without reducing quality.
If you are interested in seeing the latest or latest prices for Theta and checking the price changes in the last 24 hours, please go to this link.
Kusama can be a profitable short term investment. That’s because the network in Kusama is known to be older and stronger. For information, to see the latest/last Kusama prices and check price changes in the last 24 hours, you can visit here.
Siacoin (SC) is also one of the best Web 3.0 based crypto projects. Siacoin itself basically supports a decentralized internet system and, compared to other cloud-based storage providers, is much more affordable—costs around $1 to $2 per month for 1 TB of file storage.
Thus a review of the list of the best web 3.0 coins that you can make as an investment asset for profit. Also check out other articles about the crypto world at Indodax Academy.