6 Best Cryptocurrencies for Web 3.0 | TechHarry

Best Cryptocurrencies for Web 3.0

 Recently we have covered the very most trending topic this week which was "What is Web 3.0 and how can it be revolutionary?" So, if you haven't checked it yet, do visit at least one time if you want to understand the fundamentals behind Web 3.0. Additionally, I have put an extra glimpse into what Web 1.0 and Web 2.0 were and how they all started.

If you are a trader or a crypto investor, you must know these cryptocurrencies if you want to make a full bag of extra portfolio growth in just a few months. These crypto tokens and crypto coins are fundamentally great and have great potential when the final version of Web 3 will be released. So, stay tuned and get the best crypto coins that can grow drastically in Web 3.0. So, let's get started.

Best Web 3.0 Cryptocurrencies To Invest in

Helium (HNT)

Helium is one of the most popular Web 3.0 cryptocurrencies. This technology is responsible for providing the internet accessible to everyone. This Helium project offers a web service designed to compete with ISP (Internet Service Providers) Giants like Verizon and AT & T.

Helium Web 3.0 has only one objective which is to provide everyone with decentralized internet. As you know, the internet has become a necessary human right, not like healthcare or shelter. Helium is the first step in the decentralization of the web. It was actually built to compete with the ISP giants (which are mentioned above). It uses a blockchain alongside physical hotspots to allow users to access the internet wirelessly from anywhere around the world. When somebody connects to the Helium internet, they earn HNT tokens as a reward.

Polkadot (DOT)

If you are new to the crypto market or not, you surely have heard about Polkadot Web 3.0. It is one of the most influential and popular cryptocurrencies and is standing among the top 10 cryptocurrencies of market capitalization. It is a flagship project of the Web 3 Foundation (a Swiss company founded to provide a fully functional and user-friendly decentralized web).

Parachains are the unique functionalities of the Polkadot ecosystem. Rather than hosting all of its projects on one node, Polkadot offers parallel chains to run different projects simultaneously. It makes a huge platform to develop new applications on the Polkadot ecosystem. In fact, developers have more freedom, more room actually, for more experimentation and more support through these parachains.

Kusama (KSM)

Kusama web 3.0 is actually an inner part of the Polkadot. If you are investing in Kusama, you are indirectly investing in the Polkadot. Actually, Kusama exists only because the Polkadot network is here. Although it has carried out many projects of its own as the network is the benchmark for the success of the parachains. Kusama is made for teams who want to move fast and innovate.

If you are thinking, that Polkadot auctions are the ultimate result of parachains, you are wrong here. But we can see Kusama as the ultimate, absolutely perfect result of Parachains. In fact, Kusama is moving its own way rather than Polkadot Parachains. We can also see multiple great projects on Kusama. In resulting, Kusama can be a great choice for Web 3.0 projects and it definitely has a great place in Web 3.0.

Arweave (AR)

Arweave web 3.0 is a fundamentally great project and is one of those important Web 3.0 cloud storage crypto coins, which will dominate the world with Web 3. If you want to know more about Arweave, you can check our post on Arweave here. Because of its storage functionalities, we have seen a drop in the price just like other crypto assets, but the drops were not so big.

Arweave project was first announced as Archain back in August 2017 then later rebranded as Arweave in February 2018, and then officially launched in June 2018. Arweave was founded by Sam Williams and William Jones, two Ph.D. candidates at the University of Kent. Arweave seeks to ensure the "collective ability to store and share information between individuals and across time to new generations."

Ocean Protocol (OCEAN)

The ocean is a decentralized, blockchain-based data exchange. As its name suggests, Ocean protocol is an ocean of data. It takes all the responsibility for verifying the data before approving the transaction. It works as a protocol that allows anyone to build their own decentralized data marketplace. Ocean also functions as a utility token, which is used to buy, sell or stake data for the governance of community funding on the platform.

Ocean Protocol web 3.0 actually unlocks the potential of data. Developers use Ocean libraries to build their own data wallets, data marketplaces, and more. Data scientists and AI practitioners use Ocean protocol's data to develop something new and useful that facilitates the users and makes them earn from it.

Filecoin (FIL)

Filecoin web3.0, as its name suggests, is a large file cabinet of Web 3.0. This network is decentralized storage that is created to be a safe & secure alternative to centralized cloud storage. It is also a great way to make passive income.

Protocol Labs has officially launched Web3 storage to facilitate developers and other users an alternative for decentralized cloud storage. It is built on Filecoin which is an open-source blockchain payment system. It can provide bookkeeping for users who wish to rent unused hard drive space. This "Filecoin" adaption will provide developers more power over their data. Applications stored here will be more interoperable between applications across different storage providers. It also defines the users that they don't need to be disturbed if one data provider is down, data will not be lost. Data can be retrieved from other sources too. Due to this functionality, Filecoin can be huge in Web 3.0 in the upcoming months.

VeChain (VET)

VeChain web 3.0 can be another great blockchain-based data provider token. Like Ocean Protocol, VeChain also has massive data. For example, if you are going to a shop to buy a book, VeChain technology will be able to tell you all the data of that book like when the book is written, who wrote it, how many pages are there, in how many days the writer took to write the book, etc. This is just one example, VeChain is already massive but it is not very adopted by the users. But with the release of Web 3.0 technologies, we can definitely see the VeChain growth. As Web 3.0 is based on decentralized internet, that's why users won't need anyone's permission to gain the data. Data can be easily fetched from the blockchain without anything kept secret. That would be the real power of decentralization.

Note: I do not recommend any crypto coins mentioned above. What I have written above is just my thinking. Do your own research before investing in any of the cryptocurrencies.