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HomeTechnologyTop 5 Web3 Cryptocurrencies To Buy In 2022

Top 5 Web3 Cryptocurrencies To Buy In 2022

Web3 seems to be the hottest buzz word in technology these days, as well as the blockchain and cryptosphere used by tech gurus to describe the next generation of the internet that will be based on the blockchain- Technology based. Lately you’ve seen Jack Dorsey and Elon Musk attack Web3. You must have scratched your head wondering what  these crypto enthusiast nerds are talking about. You have already noticed the unmatched hype surrounding Web3  and you would like to invest in  Web3 crypto without further ado, let’s take a look at the most popular Web3 cryptocurrencies. 

But first let’s quickly define Web3 that consumes this content. Then came Web2, the brother of a greater user engagement that enables them to generate content, ease of use, and interoperability for end users.As an amorphous and rapidly evolving term, Web3 is referred to as the next phase of the internet. This turns the web into a database that theoretically allows users to upgrade backend, disempowering the  tech giants, and maybe  Dorsey and Musk don’t like that. 

Now that we have read how interesting web 3 is , let us discover some more interesting fun facts about the top Web 3 projects , one can invest in.

Polkadot (DOT)

Polkadot is a next generation Web3 platform that ushers in a new era of scalability by connecting blockchains and enabling cross-blockchain “parachains” interoperability. Expected projects in the industry, DOT is now the undisputed champion of the altcoin arena after a bull run this year and making its way to the top of the crypto charts. 

BitTorrent (BTT) 

BitTorrent is the website where Satoshi Nakamoto was supposed to invent Bitcoin: “I have been working on a new electronic money system that is completely peer-to-peer, without a trusted third party. BITCOIN On Satoshi Nakamoto’s crypto mailing list, “BitTorrent” was the third key  to Satoshi in his white paper.The Tron BitTorrent Foundation, led by Justin Sun, was smart enough to pick on Satoshi’s legacy by acquiring BitTorrent  in 2018. BTT is a blockchain-based TRC10 utility token that supports the functions of the world’s most popular decentralized protocols and applications. BTT-powered DApps include BitTorrent Speed, BitTorrent File System, DLive, and others in the pipeline for enhanced privacy and security features. prove something is true  without telling anyone what that “secret” is  by using advanced mathematical proofs. As a critical solution to protecting economic and social freedoms, Zcash enables transactions to be validated without disclosing any data. ZCash is now trading  at $ 150.40

Chainlink (LINK) 

Chainlink is a turning point in the Web3 revolution as it is a decentralized open source Oracle network that provides tamper-proof input, output and computation to support advanced smart contracts on every blockchain. Developed by a large community of developers, researchers and users who share the goal of making it  a building block of a modern DeFi ecosystem that enables a fair business world. 

Theta (THETA) :
This  blockchain live streaming pioneer Theta Labs  recently launched “Theta Video API”, a new product that enables developers to add  decentralized video to any website or application without  central servers serving content  or video hosting software to help reduce the cost of starting a new video platform, as peer-to-peer data transfer increases the efficiency of delivering video streams and other data-intensive applications, thereby reducing the need for any platform that handles large amounts of data be moved, cheaper and more effective. commented: “Theta’s vision is to transfer the principles of Web 3.0 to video streaming  so that anyone can stream videos over a decentralized network without permission, without interference and without a central authority that collects and sells their data.”

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