KuCoin is a platform supporting traders on a big scale by providing more flexibility on their site. Many coins are listed on KuCoin, including BTC, ETH, SHIB, and others. KuCoin always gives special attention related to Web 3.0. We can see different projects of Metaverse have KuCoin support. A big amount of revenue is spent on such projects from KuCoin. Here we discuss an informational guide about web 3.0 from the house of KuCoin. We discuss each attribute in detail in this article and the benefits and comparison of Web 3.0 with Web 2.0.
Web 3.0 is the next version of the worldwide internet web. Gavin Wood, the cofounder of Ethereum, first came up with this idea in 2014. According to him, Web 2.0 includes trust in service providers because users mostly rely on them. Web 3.0 is not new and has been in discussion for many years. It is quite difficult to explain it. However, we can say that it includes several features like decentralization, permissionless and trustless payment. It is considered the most transparent method in the world.
Importance of Web 3.0
Web 3.0 decentralized the ownership of the internet as compared to the existing web. With the help of fungible and non-fungible tokens, users have their fractions of internet features. With the help of non-fungible tokens, they can own property, game objects, and several other things on Metaverse. If we take an example of gaming, in the existing web, if a third party deletes your gaming account, you lose all of your data and achievements. While in Web 3.0, because of decentralization, nobody can delete your account, and you can also trade your gaming items with other gamers.
Future of Web 3.0
Web 3.0 was launched in 2014 and is still in a phase of initial development. Many people in the world still have no idea about it, and even some experts are not aware of several features of Web 3.0. however, this will not stop developers from pushing their limits and continuing their work to success. You will experience a human-like interaction with machines because of Web 3.0. there are lots of other advancements we see in the various sectors. We can say that users have more transparency and control over their activities. No one can seize their assets and suspend accounts.
KuCoin offers their site BTC, ETH, and XLM prices with various useful data. No need to leave the KuCoin platform for any crypto-related activity. KuCoin is always in support of Web 3.0; that’s why you find both centralized and decentralized wallets on KuCoin. You can also find many Metaverse projects listed on KuCoin supporting Web 3.0. You will join the KuCoin exchange to enjoy Metaverse’s maximum benefits. In this article, we describe in detail Web 3.0. its advantages and future with the help of the KuCoin guide. It will make it easier for you to understand the concept of Web 3.0.