What is web3.0 crypto?

What is web3.0 crypto

Web3.0 is the Internet’s third generation and combines blockchain technology and smart contracts to ensure people can control their information. No information will be stored, so data won’t be shared with third parties.

What is Web3.0?

Web 3.0 is a phenomenon for a new version of the World Wide Web that incorporates decentralization in the form of a distributed ledger, such as blockchain technologies and token-based economics. It is the Internet’s third generation, giving secured websites and decentralized online applications. No user data is stored here, and their internet browsing will be anonymous.

Web3 cryptos are a new trend of cryptocurrencies that aim to make Web3’s decentralized vision a reality. They combine blockchain technology and smart contracts to ensure that people can control their information and allow them to make payments without the involvement of third parties.

How will web3.0 change the Internet world?

Web3 enables users to overcome the challenges of everyday online activities. It is the way to eliminate the intermediate in the Internet, data, and exchange. It offers a data-driven virtual space that uses a machine-based knowledge of data to create a more intellectual and associated web experience for users.

Web 2.0 refers to the addressable process of the Web, in which people can interact with the site and one another. Web 3.0 is the practical phase of the Web in which computers can analyze information in the same way humans do to generate personalized content for users. In the future of Web3, the Internet would be decentralized, with no tech hackers. End users would regain control and power over their data. 

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Will only crypto users can use it?

Crypto is not required to use Web3, but it is a blockchain component. Web3 utilizes blockchains, cryptocurrencies, and NFTs to return control to users in the form of equity.

Blockchain, as the foundation of Web3, describes how data in web storage will be connected to the current world. It adds a top layer to the current Internet, allowing two people who don’t know or believe each other to access and solve contracts over the Web.

Those who love to surf the Internet privately can use the web 3. Privacy is a fundamental right, and we must secure our data. How can one allow others to access your data without your knowledge? Is this what you want? No. Users need to take a step and stop the hacking happening on Web 2.0. No one will do it for us. We are the ones who can protect our data from others. It is possible in Web3, but it has not fully evolved. The complete usage will be known once the full development is over. At the same time, we hope that Web 3.0 will be a boon to people’s lives.

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What crypto coins are developing Web3.0?

Web 3.0 cryptocurrencies are decentralized projects that use smart contracts to digitize online transactions. Coins such as,

  • Helium
  • Beldex
  • Kusama
  • Kadena
  • Oxen
  • Zcash
  • Filecoin
  • Chainlink
  • Theta
  • Livepeer

These are the projects developing Web 3.0 applications. Some projects will use Ethereum and Solana blockchains to develop dApps, and privacy coins like Beldex, Zcash, and Oxen are developing dApps on their blockchains. Privacy messengers, browsers, and VPNs will come under Web3.0 applications.

In these decentralized applications, 

  • No personal information like a phone number or email id is required to create an account. 
  • One can access the Internet securely without revealing their IP address and personal identity. 
  • No information will be stored, so data won’t be shared with third parties.

The advantages of using Web3.0:

Censorship resistant: In Web2, your data will be stored externally. So, anyone can get your data and access it. In Web3.0, your data won’t be stored. 

Ad-free: No 3rd parties ads or pop-ups will occur. You can browse securely and privately.

No cookies: Cookies are disabled here. So, tracking is impossible.

No IP address shared: Here, IP addresses will not be shared. With the help of an IP address, one can easily find your location. So it is impossible in Web3.0.

Private and secure: Users can surf the Internet without any intermediaries. No one can snoop their nose into privacy. 
Techies and developers believe Web3.0 will bring a new face to the Internet to secure users’ data.