What is Web 3.0 cryptocurrencies | Web 3.0 India

What is Web 3.0 cryptocurrencies | Web 3.0 India

With the increasing interest in cryptocurrencies, Web 3.0 technology, which was spoken in previous years, started to become popular again. This technology; It prioritizes the transfer of the internet, which started with Web 1.0 in 1991 and which is under the authority of central companies, to users with all its control. In this article, you can find answers to questions such as what is Web 3.0 and how is it different from previous versions.

What is Web 3.0?

Web 3.0 represents a decentralized and blockchain-based internet process. It is based on establishing a decentralized connection without using any intermediaries. In Web 3.0, users’ data security is at the forefront. It is an internet system in which personal data is not shared and profit is not made by a central authority.

What’s the Difference Between Web 3.0 and Web 1.0 and Web 2.0?

In Web 1.0; The data was presented to the users in a fixed way by the software developers. During this period, users were content consumers. Users in Web 1.0 were passive consumers. In Web 2.0, this situation has changed and the concept of personalized data sharing has come to the fore. Web 2.0;

It covers the period when the internet became interactive and users are now content producers. There are central control points in both internet eras. Interaction is provided within a system that controls users and data. Web 3.0, on the other hand, refers to a specific decentralized internet. Applications in Web 3.0 differ from existing applications in Web 2.0. In Web 3.0, it is aimed to provide interaction between decentralized applications and users. Internet network with Web 3.0, It has a decentralized structure. The fact that data cannot be collected by private companies and the existing internet network cannot be controlled by an authority constitutes the basic insight of Web 3.0.

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Web 3.0 and Cryptocurrencies

Web 3.0 is a decentralized technology. This causes Web 3.0 to meet in a common cluster with blockchain technology. Using decentralized applications in Web 3.0; The fact that there are decentralized projects in line with Web 3.0 technology in the blockchain causes these two technologies to interact with each other.

What Are Web 3.0 Cryptocurrencies?

Users BtcTurk | In PRO, they can trade with cryptocurrencies that support Web 3.0 technology.

Decentraland (MANA) is a virtual reality platform built on the Ethereum blockchain by Ariel Meilich and Esteban Ordano in 2017, where users produce virtual reality content and applications and earn income from these contents. The Decentraland platform has two separate tokens, MANA and LAND. MANA is an ERC-20 standard token and is used for burning the ERC-721 standard LAND token on the platform. The Decentraland platform was created for content producers and those who want to experience the virtual world.

Filecoin (FIL) is a decentralized file storage system using the IPFS (Interplanetary File System) protocol that allows data to be accessible in multiple locations. The project offers users a low-cost and reliable storage option with efficient use of free storage space of networked devices.

The Graph (GRT) is an indexing protocol for data queries on Ethereum and similar networks. It provides data with API for Decentralized Finance (DeFi) and applications in the web3 ecosystem. Anyone who needs data to be publicly available can create and publish open APIs called Subgraph. The Graph protocol is currently able to index data on the Ethereum blockchain and the distributed file storage system IPFS (InterPlanetary File System).

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Enjin (ENJ) is one of the popular projects that brought the blockchain to the gaming industry. The Enjin Network is an interconnected ecosystem of blockchain-based gaming products. Enjin is a social gaming platform that offers users websites, in-game items and virtual stores where they can trade these items.

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