Top 10 Web 3.0 Cryptocurrencies to Invest in this February 2022
You must start investing in these top Web 3.0 cryptocurrencies in February 2022.
A broadly acknowledged definition for Web 3.0 didn’t exist as minimal exploration has been performed on the topic. Web 3.0 is the following phase of the evolution of the web that would make it more intelligent or cycle data with the intelligence that is near-human-like through the force of AI frameworks that could run savvy projects to help clients. The Semantic Web is intended to “automatically” interface with the individuals, home gadgets, and the system as said by Tim Berners-Lee. The content creation and dynamic cycles will include both people and machines. This would empower the creation of intelligence and profoundly fitted content distribution directly to every consumer of the web. Here are the top 10 web 3.0 cryptocurrencies to invest in February 2022.
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
Zcash is a cryptocurrency that offers two types of addresses: transparent addresses that are publicly visible on the Zcash blockchain and shielded addresses that are more private. Coinbase customers can receive Zcash from both transparent and shielded addresses and send Zcash to transparent addresses.
BitTorrent is a communication protocol for peer-to-peer file sharing (P2P), which enables users to distribute data and electronic files over the Internet in a decentralized manner. To send or receive files, a person uses a BitTorrent client on their Internet-connected computer. A BitTorrent client is a computer program that implements the BitTorrent protocol.
Ocean Protocol (OCEAN)
Ocean Protocol is a decentralized data exchange protocol that unlocks data for AI. Ocean Protocol uses advanced blockchain technology that allows data to be shared and sold in a safe, secure and transparent manner. It enables a decentralized platform and network that connects providers and consumers of valuable data, while providing open access for developers to build services. Ocean Protocol uses a thoughtful application of both technology and governance for more equitable outcomes for users of the data.
FLUX is the official currency / coin that powers the entire Flux ecosystem. It is mainly used for fueling transactions on FluxOS and to reward miners for validating transactions on the Flux blockchain. Other than miners it also rewards FluxNode operators for providing computational resources.
Helium is a community of writers who are revolutionizing publishing. Helium offers a vast resource of experience-based knowledge, wisdom and creativity. The writers are also the editors. Every article that comes to Helium is rated by other members, using our proprietary peer review technology. Through the fair, trusted and democratic rating system, each article submitted to the site is ranked against competing articles, until it’s placed in its proper position based on its quality.
Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised US$205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. The live Filecoin price today is US$17.13 with a 24-hour trading volume of US$537,285,079. Filecoin is down 11.75% in the last 24 hours.
Self-described as “Polkadot’s wild cousin,” Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers. Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains. By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.”
The Livepeer Token (LPT) is the protocol token of the Livepeer network. But it is not the medium of exchange tokens. Broadcasters use Ethereum’s ETH token to broadcast video on the network. Nodes who contribute processing and bandwidth earn ETH in the form of fees from broadcasters.
Coin KDA is a digital currency that is used to pay for computers on the Kadena public chain. Similar to ETH on Ethereum, KDA on Kadena is the manner by which miners are compensated for mining blocks on the network and is the transaction fee that users pay in order to have their transactions included in a block.