The top five cryptocurrencies built on Web 3.0 that has a chance of surpassing bitcoin in the future. Let’s check out how it will take over Bitcoin in future….
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At the moment, blockchain technology is becoming more popular, and the internet is one of the most interesting places where it is likely to make progress. We can expect these three technologies and other fields to work well together because Web 3.0 networks will use decentralised protocols, which are the building blocks of blockchain and crypto technology.
Web 3.0 cryptocurrencies are decentralised projects that use smart contracts to make internet transactions happen automatically. But in the future, some Web 3.0 cryptocurrencies could be better than Bitcoin.
Web 3.0 is the third generation of the internet, where apps and websites will handle data in a way that is much more like how a person would. Technologies like big data, machine learning, and decentralised ledgers will help Web 3.0 grow.
Top 5 Web 3.0 cryptocurrencies that could one day Bitcoin
Helium (HNT) is a decentralised network based on blockchain. Proof-of-coverage is an algorithm that is used by Helium to connect Internet of Things (IoT) devices. Users of low-power devices can talk to each other and send data over a network made up of nodes called hotspots. Each hotspot covers a certain area of the network. Helium lets users build decentralised wireless infrastructure of any size. The hotspots can also be used to mine. Users of the network who buy or build a hotspot run the network’s nodes and mine HNT, which is the Helium network’s own cryptocurrency.
Filecoin (FIL) (FIL)
Filecoin users can get the platform’s token by renting out space on the hard drives of their computers. Filecoin is a peer-to-peer storage network that doesn’t have a central hub. One of the best things about Filecoin is that it can store digital assets like music or art behind tokens that can’t be changed. Anyone can be a storage provider in the Filecoin network, whether they are an individual or a data centre.
Flux (FLUX) (FLUX)
Flux was made to make it easier for developers to make Web 3.0 applications that can run on multiple networks at the same time. It can also be used to make projects that don’t depend on one person. Flux’s oracle design, which has a completely decentralised infrastructure, lets users access data both on-chain and off-chain.
BitTorrent-New (BTT) (BTT)
BitTorrent is a popular peer-to-peer file-sharing platform with more than 2 billion users and 200 million wallets. It has software for Mac, Android, Windows, and other operating systems that can connect to torrents. It says it is “the biggest distributed network in the world” and lets you stream and download torrent files safely. Users can, however, pay extra for a “premium” membership that gives them features like a virtual private network and the ability to browse without ads.
Chainlink (LINK) (LINK)
Chainlink is a decentralised network built on Ethereum that lets real-world data be used to create smart contracts. It is widely used as a platform for oracle services because it can connect to any blockchain. Recently, there has been more demand for LINK, which is Chainlink’s own coin. At one point, it was more traded and held than Shiba Inu, which was the cryptocurrency with the most ether. It is one of the best Web 3.0 currencies and will replace Bitcoin in the long run.
Now that Web 3.0 is here:
It is inevitable that Web 3.0 cryptocurrencies will become more popular. Web 3.0 is based on the ideas that it should be more useful, more open, and less centralised. Since more and more people agree with these ideas, Web 3.0 tokens could become good investments as a result of the growing support. But it is still very risky to invest in cryptocurrencies.
Source: Google Trend