The choice of popular Web 3 wallets comes along with the rapid development of today’s web technology, characterized by Web 3.0.
Web 3 is a continuation of the evolution of the internet. This latest internet generation is the next stage of development of Web 1 and Web 2, which have existed for decades.
So, what exactly is Web 3.0 technology, and what options are offered this time around the popular Web 3.0 wallet? Take a look at the following review.
What is Web 3.0 Technology?
As mentioned above, Web 3.0 is the next generation of the evolution of the internet world. The third generation of the internet will later make websites and applications capable of processing information like intelligent humans.
However, this technology itself is not yet present. The sophistication is marked by the birth of Machine Learning (ML) technology, Big Data, DLT or decentralized ledger technology, and others.
In this latest version of the internet, data will be interconnected in a decentralized way. Of course, it became a significant breakthrough for the current generation of the internet or the era of Web 2.0.
Web 3.0 has been enabled in many aspects—although this is still not optimal. That’s because later, there will still be many things that can improve from this third-generation internet.
It is important to note that large companies, from Amazon, and Apple, to Google, have used Web3 applications in their applications.
Why is Web3.0 Important in the Crypto Industry?
With decentralization, of course, the emergence of Web3 on crypto has a very significant impact. This decentralization will be one of the main parts of the Web3 concept.
Thus, it can say that crypto and blockchain will also play an equally important role in the future. The Web3 wave that will come in the future is considered to be far beyond the early crypto use cases.
Cryptographically, through the wealth of interaction opportunities and the scope of partners available globally, the network can connect data of all scales, from individuals, companies, and machines, with more efficient machine learning algorithms.
Furthermore, the third generation of the internet enables the future where users and machines can interact with data, value, and other partners through a peer-to-peer network substrate. That way, to interact, no third party is needed.
What is Web3.0 Wallet?
The web3 wallet is the result of the development of Web3 technology. This wallet is a digital wallet that can store crypto assets, from tokens to NFTs.
Through this application, users can access decentralized applications on various blockchains. Web Wallet 3 is a form of self-storage wallet that allows secure, intuitive, and accessible access in conjunction with DeFi products.
The nature of this digital wallet is non-custodial, i.e., users can store various digital assets without the need for intermediaries. Thus, the user has complete control over the assets owned.
Popular Web3 Wallets for Storing Digital Assets
The next question is, why should you use a web3 wallet when investing in crypto assets? There are several reasons behind this, of course.
First, the Web3 wallet can use to manage your crypto assets fully. Second, you need to have web wallet 3 because of its accessibility. That’s because this wallet will open access to decentralized applications needed to transact crypto.
Well, curious about the list of web3 wallets popularly used by enthusiasts in the crypto industry. Here is the review.
Metamask is a digital crypto asset wallet used to manage, send and receive Ether coins and ERC-20 tokens.
It’s important to know that this Web3 wallet can be accessed via Android and iOS smartphones and runs on browsers such as Chrome, Firefox, and Brave extensions.
Its function is as a liaison between the browser and the blockchain platform. Meanwhile, the advantage is that it is straightforward to access, especially for new users.
In the ranks of the second popular Web 3 wallet is the name Trust Wallet. This wallet supports various types of crypto assets from all blockchains.
In addition, the appearance of this application is also easy to use. Meanwhile, from a security perspective, Trust Wallet has a backup system that can prevent asset loss due to errors.
This non-custodial Web3 wallet service is provided by Coinbase, one of the world’s leading crypto exchange platforms.
Through this Web3 wallet from Coinbase, users can seize the opportunity to take full advantage of DeFi DApps. In addition, as a user of this wallet, you can also trade in more than 500 tokens.
Interestingly, Coinbase Wallet also gives its users access to Non-Fungible Tokens (NFT). One of the unique features of Coinbase Wallet is that it allows users to send or receive crypto with a username instead of a traditional wallet address.
DeFi Wallet is another Web 3 wallet service from the leading cryptocurrency exchange, Crypto.com.
This wallet offers a non-custodial wallet service that allows its users to access several DeFi services. In addition, this DeFi Wallet provides unique security features, including passwords, biometrics, and two-factor authorization.
This will provide an extra layer of security and ensure that funds are not accidentally sent. This wallet has also integrated a scanner or QR code, allowing users to connect with DeFi DApps easily.
This following popular Web3 wallet functions exclusively as a Dapp browser and only supports Ethereum transactions.
Argent itself has a unique security mechanism. It has also helped crypto investors eliminate the additional costs arising from high transaction fees.
Keep in mind even if you don’t have a browser version, through Wallet Connect, users can connect to their mobile application.
This reviews the popular Web 3 wallet options among crypto asset enthusiasts. Also, check out other articles about the crypto world at Indodax Academy.