With a network of 170 million monthly users, BitTorrent is one of the top web3 Cryptos in India. #4 BitTorrentīitTorrent, as a P2P file-sharing platform, holds great relevance in the upcoming decentralized era of web3, especially because it seeks the subversion of traditional centralized file storage systems that are costly and often suffer from censorship. Polkadot has a market capitalization of $7.48 billion as of 25 January 2023. As more parachains are added to its relay chain, we can expect Polkadot prices to explode in 2023. It is a layer-0 metaprotocol that operates on a network of layer-1 blockchains called parachains.įive parachains were running simultaneously on the metaprotocol in December when Pokadot’s price reached an all-time high. Polkadot is paramount to the web3 internet and has been designed specifically to add the interoperability factor to the multi-chain world of web3. The 11th coin in the top Crypto list, Polkadot, was founded in 2016 as an open-source sharded multi-chain network enabling the cross-blockchain transfer of any type of data or asset type. Its market capitalization is $401.95 million as of 25 January 2023. At #93 rank in the top Crypto list, Helium is positioned as a viable part of the web3 stack in the coming years. There are over 500,000 helium hotspots worldwide, and the numbers are increasing by thousands daily. Many mainstream companies, such as Lime and Mousetrap, use the network to keep a tab on their connected devices. Helium seeks to improve IoT communication while eliminating the inadequacies in the current internet infrastructure. The hotspots are 200x more powerful than conventional wifi. The users who participate in the network by setting up hotspots get rewarded with the HNT token. The helium network consists of hotspots or network nodes that combine a wireless gateway and a blockchain mining device. The decentralized network was launched in 2019 as a blockchain for IoT devices. Ethereum is the largest altcoin and the number 2 Crypto, with a market capitalization of $190.43 billion as of 25 January 2023. Furthermore, post-ETH 2.0 upgrade, Ethereum transcended from the Proof-of-Work consensus to the Proof-of-Stake consensus mechanism. Previously, Ethereum suffered from high gas fees and low transaction throughput however, things turned out after the ETH 2.0 upgrade went live.Įthereum seeks to combat its scalability issues via a slew of L1 and L2 scaling solutions. Moreover, it has the highest number of smart contracts ever created on any decentralized network and hence, tops our list of top web 3.0 Cryptos in India in 2023. Here’s a list of the top web3 Cryptos in 2023 from the top Crypto list that might explode or see exponential gains in 2023: #1 Ethereum (ETH)Įthereum remains at the top of the Defi game, with the largest number of web3-based platforms, NFTs, and dApps hosted over its network. Defi-based protocols and those supporting web3 applications are witnessing a surge in prices and market capitalization, and there can be no better time to start placing your bets on these Cryptos than in 2023. The growth of decentralized networks that slowly picked up post the Defi summer of 2020 has reached exponential levels as web3 is steps away from becoming a reality. The “trust net” that blockchain and Crypto interweave will generate much more wealth than Web 1.0 and Web 2.0 taken together. Mark Yusko, CEO and Founder of Morgan Creek Capital, says that the web 3.0 internet will have its own protocol stack consisting of several blockchain networks, just like the web 2.0 protocol stack.
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