What are the dominant coins in Web3? Which ones have the greatest development prospects?

php editor Xigua will introduce to you the relevant situation of Web3 concept leading currency. Web3 refers to the development direction of the next generation of the Internet. Compared with the traditional Web2.0, Web3 pays more attention to decentralization, encryption and user privacy protection. Under the concept of Web3, some cryptocurrencies have also attracted much attention and are considered to have great potential. Among them, blockchain platform coins represented by Ethereum and tokens of some decentralized finance (DeFi) projects, such as UNI, AAVE, etc., are regarded as the leading conceptual coins of Web3 and have long-term investment potential. However, investment needs to be cautious and the basic situation and risks of the project should be fully understood.

#What are the leading conceptual coins in Web3?

The leading Web3 concept coins include DOT, FIL and GPRT coins. These cryptocurrencies occupy an important position in the Web3 concept field. The following is a detailed introduction to these three major currencies:

1, DOT

DOT Polkadot is one of the most popular cryptocurrency projects in the Web3 field, solving interactivity problems in the industry with its unique technology and innovative concepts. Polkadot has built more than 300 projects.

2. FIL

Filecoin is a token on the IPFS network that works by rewarding miners for contributing their idle hard drive space. Using a new proof-of-work algorithm, simply put, if you have a large enough hard drive capacity, you can get more Filecoin rewards. This method provides miners with an opportunity to use idle resources to obtain profits.

3. GPRT

Graph is a decentralized protocol for indexing and querying blockchain data. It simplifies the data query process and makes it easy to operate. By building and publishing open APIs (i.e. subgraphs), anyone can easily access data.

Which Web3 concepts have the most potential?

In addition to the above leading currencies, BAT, ANKR, LPT and BAND in the Web3 concept also have certain potential. The following is a detailed introduction to these currencies:

1, BAT

BAT (BasicAttentionToken) is the browser Brendan Eich, founder of Javascript and co-founder of Mozilla and Firefox. It is a digital asset used to circulate between advertisers and users to solve the problem of advertising display and user incentives in browsers. .

2. ANKR

ANKR coins are used for incentives, payments, and pledges of Ankr Network projects. Ankr's full-stack cloud service architecture and market are being established. Idle computing resources can be used for data center Ankr transactions on the platform. Ankr is a Web3 blockchain cloud infrastructure platform designed to lower the threshold for individuals, enterprises and developers to participate in the blockchain ecosystem. The Ankr node market provides users with a simple, fast and economical one-click node deployment solution, and the Ankr API public blockchain and market DeFi protocols provide one-click API solutions.

3. LPT

Livepeer (LPT currency) is a decentralized video transcoding network based on the Ethereum blockchain. LPT is a Livepeer token holder that can bind tokens into transcoders, perform work on your behalf, and earn new tokens and revenue every day.

4, BAND

BandProtocol's goal is to create the most secure and scalable decentralized world database (dApp) for decentralized applications to provide reliable data to developers of BandProtocol and dApp. The company passes Public smart contract data points consume data rather than centralized predictors based on a stripped-out blockchain.

Web3 is the next generation of the Internet. It is a decentralized system based on blockchain technology that allows users to enjoy ownership and use their own data and accounts across services. For now, Web3 is still in its preliminary stages. Although the basic technology described already exists, it is still some way away from maturity. As time goes by, Web3 may continue to make progress and breakthroughs and gradually mature, but it may also continue to evolve and be modified as new elements or technologies are added.

The above is the detailed content of What are the dominant coins in Web3? Which ones have the greatest development prospects?. For more information, please follow other related articles on the PHP Chinese website!