Web3 is the next generation of the internet, which is more open, decentralized, trustless, and permissionless. Web3 or Web 3.0 is built on decentralized protocols, where users can participate in content creation and governance. They'll also have the ability to own a part of the network.
What a decentralized Web3 revolution offers is turning the users into owners and developers of the web. Just like how the blockchain works, Web3 will run on a peer-to-peer network without the need for a third-party institution.
There are already many technologies that could serve as the backbone of a Web3 world. Blockchains like Chainlink (LINK), Helium (HNT), Ethereum (ETH), and storage solutions like the InterPlanetary File System (IPFS) are some of the technologies that can serve as the foundation of a decentralized internet.
The world of cryptocurrency will expand further as developers build more DApps and discover more use cases of Web3. Decentralization will become mainstream in many other areas over time -from finance, art, content creation, entertainment, and even the internet itself.
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What a decentralized Web3 revolution offers is turning the users into owners and developers of the web. Just like how the blockchain works, Web3 will run on a peer-to-peer network without the need for a third-party institution.
There are already many technologies that could serve as the backbone of a Web3 world. Blockchains like Chainlink (LINK), Helium (HNT), Ethereum (ETH), and storage solutions like the InterPlanetary File System (IPFS) are some of the technologies that can serve as the foundation of a decentralized internet.
The world of cryptocurrency will expand further as developers build more DApps and discover more use cases of Web3. Decentralization will become mainstream in many other areas over time -from finance, art, content creation, entertainment, and even the internet itself.
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Created along with the same philosophies of Uber and Airbnb, the Golem Network allows users to lend out spare/under-used computing space to those running complex and huge computational challenges. Holders of GNT can pay for renting extra computational power; those who don’t need the extra power.
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BAT seeks to capture the market in blockchain-based advertising. The token improves transparency and efficiency in the digital advertising ecosystem by using BAT as the premier medium of exchange between publishers, advertisers, and users.⠀
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0x is an open protocol that uses the Ethereum Blockchain’s functionality of Smart Contracts to allow decentralized exchanges all over the world. 0x uses a standard protocol, significantly reducing the transaction time and eliminating some transaction fees.⠀
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The Kyber Network is broadening the potential for coin use by facilitating coin swaps (exchanging BTC for Ethereum inside your wallet itself, for example). Kyber also allows vendors to accept different, sometimes multiple types of coins for a single transaction. The KNC token acts as a vehicle to facilitate these exchanges and use the Kyber Network on development platforms and exchange wallets. ⠀
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Lisk is a Blockchain application platform, established in early 2016. Based on its Blockchain network and token LSK, Lisk will enable developers to create, distribute and manage decentralized Blockchain applications by deploying their sidechain linked to the Lisk network, including a custom token.
Thanks to the flexibility of sidechains, developers can implement and customize their Blockchain applications entirely.⠀
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Thanks to the flexibility of sidechains, developers can implement and customize their Blockchain applications entirely.⠀
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Aelf seeks to be revolutionary to the crypto world, their team justifies the need for this ‘customizable operating system’ by stating that Aelf succeeds where Bitcoin and Ethereum blockchains falter - it fixes their lack of scalability, interference in smart contract execution and creates a consensus protocol to smoothly incorporate all their new technology.
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Cardano is unique in that coins are minted using a “proof-of-stake” algorithm called Ouroboros, instead of a “proof-of-work” one. This means that new coins are only minted after achieving distributed agreement on the matter.
This same mechanism makes blockchain creation energy and cost efficient. Holding ADA coins allow you to vote on the minting of new batches of coins and generate new blocks while verifying transactions on the blockchain.
This same mechanism makes blockchain creation energy and cost efficient. Holding ADA coins allow you to vote on the minting of new batches of coins and generate new blocks while verifying transactions on the blockchain.
Monero (XMR) is a secure, private, untraceable currency. It is open source, freely available to all, and was fairly launched on April 18th, 2014, without premine or instamine. The technology behind Monero has already spiked the interest of several established people in the Bitcoin development world and the cryptography community.
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Decred (DCR) is an open-source that emphasises development funding, on-chain governance, and consensus mechanisms.
Decred successfully orchestrated an on-chain user-activated consensus vote, which is emblematic of the project's emphasis on community-driven stakeholder governance.
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Decred successfully orchestrated an on-chain user-activated consensus vote, which is emblematic of the project's emphasis on community-driven stakeholder governance.
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Maker is a smart contract platform on the Ethereum chain that backs and stabilizes the value of stablecoin DAI through a dynamic system of Collateralized Debt Positions (CDP).
MKR tokens are created or destroyed in accordance with price fluctuations of the DAI coin in order to keep it as close to $1 USD as possible and are part of a fully inspectable system on the Ethereum blockchain.
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MKR tokens are created or destroyed in accordance with price fluctuations of the DAI coin in order to keep it as close to $1 USD as possible and are part of a fully inspectable system on the Ethereum blockchain.
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Ravencoin (RVN) is an open-source blockchain project that specializes in the creation and peer-to-peer transfer of assets. Ravencoin enables users to create and trade any real-world or digital assets on a network.
The project has some prominent backers: Bruce Fenton, a Board Member of The Bitcoin Foundation, advises the team while Overstock has made a multi-million dollar investment into the project.
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The project has some prominent backers: Bruce Fenton, a Board Member of The Bitcoin Foundation, advises the team while Overstock has made a multi-million dollar investment into the project.
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Steem started as the cryptocurrency on the Steemit platform that rewards users for community building through upvoting and the posting of meaningful content.
Steemit users can cast votes to create a hierarchy of content. The higher the upvote count received on a content piece, the more Steem is earned by its publisher.
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Steemit users can cast votes to create a hierarchy of content. The higher the upvote count received on a content piece, the more Steem is earned by its publisher.
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VeChain is an enterprise-focused blockchain ecosystem that aims to enhance supply chain management by connecting blockchain technology with the real world through a governance structure and a robust economic model.
VeChain enables manufacturers to assign products with unique identifiers on the platform, thereby allowing participants to track the movement in a supply chain.
VeChain enables manufacturers to assign products with unique identifiers on the platform, thereby allowing participants to track the movement in a supply chain.
Tezos (XTZ) is a multi-purpose platform that supports dApps and smart contracts. It aims to combine a self-correcting protocol and on-chain governance to manage network modifications.
Tezos is powered by XTZ, which is created through 'baking'. Bakers put up deposits and are rewarded for signing and publishing blocks. Tezos uses delegated proof-of-stake (DPoS) and supports Turing's complete smart contracts.
Tezos is powered by XTZ, which is created through 'baking'. Bakers put up deposits and are rewarded for signing and publishing blocks. Tezos uses delegated proof-of-stake (DPoS) and supports Turing's complete smart contracts.
Waves Platform’s mission lies in creating an ecosystem that aims to accelerate the shift from centralized to decentralized systems and an emphasis on the individual’s control of their funds and assets, personal data, and privacy.
Waves Platform describes itself as an open network for Web 3.0 applications and custom decentralized solutions, with a range of purpose-designed tools for making the process of developing and running dApps easy and accessible.
Waves Platform describes itself as an open network for Web 3.0 applications and custom decentralized solutions, with a range of purpose-designed tools for making the process of developing and running dApps easy and accessible.
TRON (TRX) strives to build the future of a truly decentralized internet and a global free content entertainment system that utilizes blockchain technology.
The TRON Protocol represents the architecture of an operating system based on the blockchain which could enable developers to create smart contracts and decentralized applications, and freely publish, own, and store data and other content.
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The TRON Protocol represents the architecture of an operating system based on the blockchain which could enable developers to create smart contracts and decentralized applications, and freely publish, own, and store data and other content.
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Neo describes itself as an open-source platform driven by the community. It utilizes blockchain technology and digital identities to digitize and automate the management of assets using smart contracts. Using a distributed network, it aims to create a smart economy by building infrastructures of the next-gen Internet and creating a solid foundation for mass blockchain adoption.
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0x (ZRX) is an open-source protocol that provides smart contract infrastructure and liquidity to enable the peer-to-peer exchange of tokens on the Ethereum blockchain.
ZRX is the token that allows 0x users to vote on Improvement Proposals that evolve the system over time. ZRX token holders can also delegate ZRX to market maker staking pools to earn protocol liquidity rewards (in ETH).
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ZRX is the token that allows 0x users to vote on Improvement Proposals that evolve the system over time. ZRX token holders can also delegate ZRX to market maker staking pools to earn protocol liquidity rewards (in ETH).
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