5 Best Web 3.0 Coins to Buy
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The invention of the internet has changed the world for the better, there is no questioning that. The entire world would look very different today without it, and we would not be nearly as technologically advanced as we are now. But, with all that said, the internet as we know it still isn’t as good as it could be. One key ingredient that it is lacking right now is decentralization.
The internet as we know it is highly centralized, with the information served to us being controlled by large corporations, media websites, the governments of the world, and alike. Your data is free for the taking by anyone and everyone, from your internet provider to every single website that you visit. And, let’s not even talk about the likes of Google, Facebook, advertisers, and others who are after it.
Censorship is also present on all of the mentioned websites, with Google deciding which websites are user-friendly, Facebook deciding what information should be shared (and even banning people for posting anything that goes against its ideas), and alike, essentially giving us the illusion of freedom, without actually giving us the freedom that it promises.
Luckily, that is all about to change thanks to blockchain technology and Web 3.0, which will give the power back to the people, and resolve all, or at least most of the mentioned issues. It will grant us ownership of our own information, and the ability to manage it ourselves. It will remove censorship, and let us access the content that we desire to see. It will even grant us full control over our finances, with no one else controlling our funds but ourselves. And, with blockchain and crypto at the heart of it all, these are the crypto projects that will rise to become the leaders of Web 3.0.
The first on our list is Polkadot, which is an open-source shared multichain protocol. It uses this technology to connect and secure a network of specialized chains, and enable cross-chain transactions of data and asset types. In other words, it can transport more than just tokens, and it was designed to offer a foundation for a decentralized internet of blockchains, which is what is otherwise known as Web 3.0.
More than that, the project is known as a layer-0 metaprotocol. The reason for this is because it uses a format for a network of layer-1 chains, known as parachains. This also allows it to issue updates without requiring forks to do it.
It can connect to public and private chains alike, as well as oracles, permissionless networks, future tech, and more, making it quite advanced and powerful. In essence, it was created to be one of the most advanced blockchain-using projects that can dominate the industry even when it switches to Web 3.0.
To learn more visit our Investing in Polkadot guide.
2. Ocean Protocol
In the second spot, we have Ocean Protocol, which is another blockchain-based ecosystem, created to support individuals and businesses, and to allow them to unlock and monetize their data. Its tech does not only let users monetize their data, but also preserve their own privacy at the same time.
At the same time, it introduces the concept of datasets, which are packets of data that were previously difficult to find, or even completely unavailable. These datasets can now be discovered within the Ocean Market, where they can be bought and sold at will.
Ocean Protocol also has unique datatokens, each of which represents a specific data service. These datatokens are used to wrap datasets or even compute-to-data services, which lets third-party services perform various operations on the data, without requiring it to leave the publisher.
At the heart of it all is the project’s OCEAN token, which can be used for governance and staking, and it is this token that we believe is worth keeping an eye on, and buying now if you are looking for an opportune coin to invest in.
To learn more visit our Investing in Ocean Protocol guide.
Halfway down the list, we have Filecoin — a project that functions as a decentralized storage system, which is also focused on dealing with information in a modern, and even futuristic way. Filecoin believes that the modern world needs to store some of the most important information that humanity has obtained or created, and to do it adequately.
The project is actually quite old, originally described all the way back in 2014. Back then, it was imagined as an incentive layer for the Interplanetary File System — a P2P storage network. In other words, its goal is to store data in a decentralized way, unlike companies that offer centralized cloud storage. Its greatest concern regarding the cloud is how centralized it is, which makes information easy to access by unauthorized parties. The data is also prone to censorship and manipulation.
By using FIL to conduct transactions that would record data on the blockchain, the project will allow people to be custodians of their own information, and it will make the web more accessible to people around the world.
To learn more visit our Investing in Filecoin guide.
Nearing the end of the list, we have Kusama. This is a rather interesting project that comes as an experimental blockchain platform, and it was created to provide a massively scalable and interoperable framework for developers. In fact, the project describes itself as Polkadot’s wild cousin, thanks to the fact that it has a nearly identical codebase.
This is because the project sees Polkadot as one of the most successful interoperable blockchains, and it uses it as an inspiration. Kusama, however, has its own goals in mind, including providing fast-paced projects with the ability to gain access to highly scalable, interoperable, sharded network. The twist, however, comes from the fact that the network can offer features that even Polkadot doesn’t have yet, which is why Kusama describes itself as a “canary” network, meaning that it is using its system to test things out new things and see what happens.
Developers themselves will have access to a testbed where they can deploy their own solutions, try to innovate the existing ones, and more. While this may sound a bit reckless, in reality, it means that Kusama is likely to be the first project to come up with new features, functionalities, future trends, and more.
To learn more visit our Investing in Kusama guide.
Last, but not least, we have Helium, which is another decentralized blockchain network, only this one focuses on Internet of Things (IoT) devices. Essentially, the project allows these low-powered wireless devices to use its network to communicate with one another and share data by using its network of nodes.
These nodes come in the form of Hotspots — combinations of wireless gateways and blockchain mining devices. This essentially means that those who operate the nodes can also mine, and earn Helium (HNT) rewards at the same time.
The project’s mission is fairly simple — to improve the communication capabilities of IoT devices, and make them more reliable and useful, in addition to adding financial incentives to those interested in the IoT space. With IoT considered to be a major part of the future technology, this is a project that is playing the long game, but that also means that it can ensure major gains in the long-term.
To learn more visit our Investing in Helium guide.
Web 3.0 is more than just crypto and blockchain. It is the future of the entire internet — a better version of it that aims to empower the user and not service providers. As such, any project that aims to provide Web 3.0 services now, before Web 3.0 was even created, is a great investment into the future. Of course, more projects like these will likely emerge as the next stage of the internet’s evolution approaches, but for now, these projects are among the handful that will likely be the leaders of the future web.