Cryptocurrency Q&A
What crypto is associated with Web3?
What crypto is associated with Web3?
Margherita
Sat Sep 21 2024
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7 answers
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I'm curious, which cryptocurrency is most closely associated with the concept of Web3? I've heard that blockchain technology and decentralized networks play a pivotal role in shaping this new internet era, but I'm not sure which specific crypto project embodies these principles the most. Could you elaborate on the crypto that is seen as the flagbearer of Web3 and why it's considered so integral to this emerging paradigm?
7 answers
Valentina
Mon Sep 23 2024
One of the prominent Web3 coins is Chainlink (LINK), which has a current price of $11.19 and a market capitalization of $6.80 billion. Chainlink is a decentralized oracle network that provides real-world data to smart contracts, enabling them to interact with external systems securely and reliably.
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HallyuHeroLegendaryStar
Mon Sep 23 2024
Another significant player in the Web3 space is Polkadot (DOT), trading at $4.29 with a market cap of $6.28 billion. Polkadot is an interoperable blockchain network that allows for the seamless transfer of data and assets across different blockchains, promoting a more connected and efficient blockchain ecosystem.
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Lorenzo
Mon Sep 23 2024
The Internet Computer (ICP), a project by DFINITY, is another notable Web3 coin with a price of $8.11 and a market cap of $3.80 billion. The Internet Computer aims to create a new decentralized internet, where developers can build and deploy dApps, websites, and other services without relying on traditional cloud infrastructure.
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DongdaemunTrendsetterStyleIconTrend
Mon Sep 23 2024
Web3 coins represent the next evolution in blockchain technology, offering a decentralized, secure, and efficient alternative to traditional financial systems. These coins are designed to power the new internet, known as Web3, which emphasizes user ownership, privacy, and interoperability.
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KDramaLegendaryStarlight
Mon Sep 23 2024
Fetch.AI (FET) is another Web3 coin, trading at $1.21 with a market cap of $3.11 billion. Fetch.AI focuses on using artificial intelligence and machine learning to optimize decision-making processes in decentralized systems, enhancing the efficiency and effectiveness of blockchain-based applications.
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