This project is in the process of implementation. Decentralization is the main task of developers. It is designed to empower users and provide a greater degree of security while communicating on the Internet. Let’s take a look at a few popular Web3 crypto projects.
Polcadot (DOT)
This token is multi-purpose, open source. It connects public and private chains, has significant advantages:
- Rapid exchange of information;
- High level of security;
- Convenient control system.
Polcadot ranks 12th among all cryptocurrencies with a capitalization of more than $7 billion. The price of the coin is $ 6.30.
Chainlink (LINK)
Chainlink is one of the most popular cryptocurrencies https://www.aax.com/en-US/top-cryptocurrencies/. The platform was created with the aim of linking smart contracts with information from real life. The ability to integrate data from the outside brings Chainlink closer to such suppliers as Braive New Coin, Huobi. They can sell data access to the platform, thus monetizing the information.
Chainlink does not have a blockchain. The site buys information from suppliers and transfers it to the blockchains. Data can rarely be unreliable. It is not profitable for suppliers to have negative ratings caused by misinformation.
The cryptocurrency costs $7.58, although in January 2022 it was worth almost $28. The platform ranks 22nd with a market cap close to $4 billion.
Filecoin (FIL)
This decentralized platform serves to store valuable information. Filecoin is equipped with its own protection system. This circumstance facilitates access to information. Users are rewarded for storing data. The network works with PoR and PoS. There is a struggle between the nodes for the transfer of information.
The cost of Filecoin is $ 5.45. Cryptocurrency takes 36th place with a capitalization of more than $ 1.5 billion.
Theta Network (THETA)
The Theta Network blockchain is designed for streaming video. It has its own asset to perform managerial functions. The network program allows users to provide high-quality video in any part of the globe.
The current price of the token is slightly more than a dollar. With a capitalization of $ 1.6 billion, the cryptocurrency ranks 42nd in the world.
BitTorrentNew (BTT)
This cryptocurrency was originally created back in 2001 with the aim of facilitating users’ access to entertainment information. But everything changed in 2018, when BitTorrent became part of the Tron blockchain, and a year later acquired its own token on the TRC-10 standard.
In addition, the network has launched the functions of the P2P platform. They expanded the ability of users to sell or exchange currency. In the premium version, access to VPN appeared. There is no intrusive advertising any more.
By the time of review, the price of the crypto is $ 0, 0000007792. With a capitalization of $ 735 million, it is on the 59th place of the world ranking of cryptocurrencies.
The top ten includes several more tokens:
- Helium (NHT).
- The Graph (GRT).
- Stacks (STX).
The capitalization of these platforms is from 500 million to billion dollars.
Conclusion
Decentralized cryptocurrencies have gained popularity. More and more users are investing in Web 3.0 platforms in the hope of making high profits.
