Best 10 Cryptocurrencies That Will Dominate The Web 3.0 Race In 2022
The top 10 cryptocurrencies are decentralized projects using smart contracts to automate transactions over the internet.
Blockchain technology is gaining a lot of traction these days. The internet has been an area where it has done a remarkable job. As the majority of the global populace tries to come up with new ways to invest in cryptocurrencies and blockchain, on the other side is Web 3.0. This is a new hybrid of the internet that aims to become a decentralized 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 10 cryptocurrencies that are expected to win the Web 3.0 race in 2022.
A decentralized blockchain-based network for IoT devices, Helium uses a global network of low-energy wireless hotspots to send data over radio waves to be logged in the blockchain. The network uses a new algorithm, called proof-of-coverage consensus, to verify that hotspots are providing legitimate wireless coverage.
Filecoin can be compared to the filing cabinet of Web 3.0. A decentralized storage network, it’s a secure alternative to centralized cloud storage as well as a passive income generator. With Filecoin, you can store almost any type of data, including audio files, videos, still images, and text. Additionally, it claims to be secure enough to store more sensitive information such as private company records.
Investing in Kusama is like detouring via Polkadot. Kusama was established due to its proven record of success with parachains. Using this crypto, developers can solve various problems related to their projects. Through parachain auctions, developers compete to get a spot on the Kusama network. Kusama is considered a profitable short-term investment due to its older and stronger network.
Polkadot is one of the most popular cryptocurrencies on the global market, but investors might not know it is a Web 3.0 project. When it comes to charging low fees and offering fast speeds, it ranks higher than Ether when it comes to the network’s scalability. Due to its top ranking and gradual increase in market value, DOT is the market leader and head of the decentralized internet sector.
The world’s most powerful peer-to-peer network, BitTorrent is the first torrent tracker. Files are divided into fragments and then transmitted over the web in fragmented form, merging into one whole on the recipient’s computer. Everyone who downloads the file from the network becomes part of the distribution.
Kadena is a scalable PoW layer-one blockchain protocol that claims to be capable of processing 480,000 transactions per second (TPS), thanks to its braided chains. Kadena offers smart contract capabilities comparable to those of Ethereum, unlike the top PoW cryptocurrency Bitcoin.
ZCash is one of the first privacy-built cryptocurrencies, developed by researchers from John Hopkins, MIT, and other eminent academic and scientific institutions. It is interesting that this privacy coin was originally built on the Bitcoin codebase with the only difference being that it has a privacy feature.
Flux is intended to lay the groundwork for the developers to build this new version of the web. Using Flux, users can develop Web 3.0 applications and decentralized projects and then deploy them across various networks. Especially efficient is FluxOS, a decentralized operating system designed exclusively for Flux users. Additionally, it offers blockchain-as-a-service (BaaS), which is similar to SaaS.
Livepeer is a decentralized video streaming network built on top of the Ethereum blockchain. At the Web 3.0 video stack layer, the protocol provides cost-effective broadcast and streaming services. As a result of Livepeer, participants in the streaming ecosystem are able to participate in the streaming ecosystem in the most secure and cost-effective way. The network is primarily aimed at distributing real-time video and encouraging network participation.
Ocean Protocol (OCEAN)
OCEAN is another crypto that offers all the tools necessary to build a Web 3.0 solution. The token is one of the best investments for those looking to invest in a Web 3.0 token with a lot of potential. The protocol has developed several tools to help developers create Web 3.0 applications. Additionally, the protocol focuses on decentralizing the concept of data sharing on the internet, which means greater access and transparency.