Humanity is on the verge of another technological revolution. The advent of Web 3.0 will be a revolutionary event not only for people but, possibly, for the future of their capital as well. Investors and developers who have grasped the power of the next-generation Internet will be in an advantageous position as the world begins to take advantage of the benefits of Web 3.0.
First, let’s take a look at what Web 3.0 is.
Web 3.0 is the next stage of the Internet. It is currently still under development, so there is no single, established definition of what Web 3.0 is or whether there will be one at all.
The main advantage of Web 3.0 is that it tries to solve the biggest problem faced by Web 2.0. It’s the collection of personal data by private networks, sold to advertisers, or perhaps even stolen by hackers.
In Web 3.0, the web is decentralized, so no one controls it. And decentralized applications (dapps) built on top of the web are open. The openness of the decentralized network means that no party can prevent the data or restrict access. Anyone can create and connect to various applications without the permission of the primary company.
Web 3.0 has its own money. Rather than relying on traditional financial networks linked to governments and bounded by borders, money in Web 3.0 is instantaneous and global.
So what are the benefits of Web 3.0:
In 2021, coins based on Web 3.0 are showing the maximum growth rates in the cryptocurrency market. The Web 3.0 sector expanded 244%, outpacing the growth of Bitcoin and other cryptocurrencies. With this indicator, Internet tokens came in second in terms of the speed of development in the space of digital payment systems. They are only beaten by NFTs, which have grown by 2970% since the summer of 2020.
Some digital coins have shown annual growth of up to 800%. The sector of tokens linked to internet applications includes over 40 coins. The capitalization of their part of the market is $ 25 billion.
Let’s take a closer look at what the best web 3.0 tokens are.
BitTorrent is the first torrent tracker and the most potent peer-to-peer network in the world. Large files are divided into fragments and transmitted over the web in a fragmented form, merging into one whole on the recipient’s computer. Everyone who downloads this or that file automatically becomes a participant in the distribution. Here is a ready-made solution to problems with the scalability of distributed ledgers.
BitTorrent cryptocurrency has many advantages:
Livepeer (LPT) is a decentralized video streaming network built on the Ethereum blockchain. The protocol provides cost-effective broadcast and streaming services directly at the Web 3.0 video stack layer.
LPT has the following goals:
The Livepeer Protocol defines the secure and cost-effective participation of the various actors in the streaming ecosystem. The protocol was created to address two main goals: distribution of real-time video and encouraging network participants. The main goals also are:
The Livepeer protocol is designed to verify performance and prevent counterfeit versions. It offers solutions for automatic network scalability and built-in control for protocol evolution over time.
At the launch of the network, the issuance of tokens will continue by the inflationary schedule. In contrast, the token will be generated according to the inflation rate by round relative to the unpaid amount of tokens in circulation. The token is issued in proportion to all associated protocol participants’ shares.
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