What does Web 3 mean for cryptocurrency developers?

For cryptocurrency developers and enthusiasts, Web 3.0 incorporates the technologies and concepts that are at the heart of crypto: decentralization, token-based economies and blockchain. This vision of Web3 tends to be a more democratic version of today’s online world.

What is layer 3 in cryptocurrency?

In the context of cryptocurrency, Layer 3 refers to an additional layer built on top of a blockchain network's Layer 2 to provide additional scalability and customization for decentralized applications.

Should you invest in Web 3.0 Cryptos?

Still, caution and due diligence is always advised with Web 3.0 cryptos — or any asset within this broader investment category. Defined as a “new generation of scalable decentralized cloud infrastructure,” Flux is one of the most powerful among Web 3.0 cryptos.

What are some examples of Web3 crypto projects?

Here are some examples of Web3 crypto projects that are working on building the next generation of the web: Helium (HNT) - The People’s network provides a decentralized peer-to-peer wireless network.