CrypLogger.com
  • Home
  • Exclusive
  • Learn About Coins
  • Artificial Intelligence
  • Forecasts
  • News
  • Opinions
  • Current Prices
No Result
View All Result
  • Home
  • Exclusive
  • Learn About Coins
  • Artificial Intelligence
  • Forecasts
  • News
  • Opinions
  • Current Prices
No Result
View All Result
CrypLogger
No Result
View All Result
Home Exclusive

Next Generation Internet: How KuCoin Implements Web3

by Vaibhav
July 26, 2022
in Exclusive
0
Next Generation Internet: How KuCoin Implements Web3
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The modern version of the Internet has a lot of shortcomings: centralized data storage makes it possible to steal confidential information, restrict access to services and network failures due to problems on the side of providers.

Together with KuCoin talk about the next generation of the Internet and its role in the platform ecosystem.

What is Web1, Web2 and Web3

The Internet is constantly evolving: developers are introducing new data transfer protocols and ways of interacting with users.

Tim Berners-Lee, creator of the URL and HTTP protocols, in The Origins and Future of the World Wide Web singled out two generations of the Internet, and later members of the WWW consortium introduced a definition third:

  • Web1 – sites with static content: text, links, images. Page content only changes on reload;
  • Web2 – interactive websites and web applications. Pages display personalized content based on visitor behavior and preferences;
  • Web3 — decentralized sites and applications. Users own digital data and private information.

With the popularization of blockchain and cryptocurrencies, elements of the digital economy were added to Web3: payments without intermediaries, smart contracts instead of contracts, and data monetization using NFT.

The KuCoin team believes that the next generation internet should be decentralized and user-friendly:

“We share the vision of a Web3 Internet that belongs to the people and is developed for the people,” said Johnny Liu, CEO of the exchange.

For this reason, KuCoin is incorporating Web3 elements into existing and new products such as KuCoin Wallet, Windvane NFT Marketplace, Wonderland NFT Playground, and other ecosystem services.

KuCoin Wallet

KuCoin Wallet — cryptocurrency wallet for mobile devices. The app supports Ethereum, Polygon, BNB Chain, and KuCoin Community Chain tokens and NFTs.

KuCoin Wallet’s Web3 features include creating a digital avatar, a built-in browser for working with DeFi services, and non-custodial storage of private keys only on the user’s device.

The application is available for Android. A mobile version for iOS is under development. Data: KuCoin Wallet.

Wallet release took place June 28th. Before that, its security was tested by the Hacken service.

The developers plan to integrate KuCoin Wallet with the Windvane marketplace. Users will then be able to create and trade NFTs directly within the app.

windvane

windvane is a decentralized NFT marketplace from KuCoin. Users can mint non-fungible tokens, trade, release collections, and spend INO.

The platform supports NFTs based on Ethereum, BNB Chain, and KuCoin Community Chain (KCC).

The launch of Windvane took place on May 30th. In honor of the launch of the platform released Windvane Genesis NFT collection, consisting of 4500 unique Lazy Roosters.

See also  How to make money from stablecoins and synthetic stocks in the Terra ecosystem (part 2)
Depending on the uniqueness, Lazy Roosters are divided into extremely rare (SSR, super super rare), very rare (SR, super rare) and ordinary (normal). Data: windvane.

A characteristic Web3-feature of the marketplace is a distributed network (IPFS). Third party developers may create alternate applications to access Windvane and its hosted tokens.

In addition, the investment division of the KuCoin exchange and Windvane launched Creators Funds fund with a capital of $100 million. The organization finances and promotes NFT creators on various topics: eSports, PFP and GameFi.

Creators Funds is currently selecting artists to share $100 million and receive marketing support from KuCoin and Windvane. To participate in the competition, you must fill out google form.

Wonderland

Wonderland — platform for gaming NFTs. Its users can buyloot boxes characters, skins, accessories, weapons and other items, as well as sell and rent in-game property.

The service provides access to NFT for casual blockchain games in the Play-to-Earn format. Among them:

  • Picaster – card combat platform. Players fight with fictional animals – Picasters. Each Picaster is an NFT that can be rented, bought or sold. In battle, users earn tokens for staking or additional profit;
  • CEBG (Crypto Elite’s Battlegrounds) – anime-style combat multiplayer with PvP-PvP and PvEmodes. Users get one NFT hero to fight and then can find new playable characters and items;
  • X Rush is a racing arcade with shootouts in several metaverses. Users collect NFT racers, improve cars and compete with each other.

KuCoin Community Chain

KuCoin applications run on a public EVM compatible blockchain KuCoin Community Chain (KCC) with the Proof-of-Staked-Authority (PoSA) consensus algorithm. When choosing a validator, the network takes into account its ID and stake size.

KuCoin Token (KCS) is the ecosystem’s native token for paying transaction fees, which average $0.00000002637. KCS holders receive passive income, as well as discounts when paying for transactions.

There are 45 projects in the ecosystem, half of which are in the DeFi sector. Data: KCC.

The platform is managed by a decentralized autonomous organization GoDao. KCS owners control the network through a proposal and voting mechanism.

conclusions

The Web3 concept is increasingly attracting the attention of major market players: Uniswap Labs, Pantera Capital, Dragonfly Capital and other companies have already created venture divisions that are focused on developing and financing next-generation applications.

The KuCoin team believes that the future of the Internet is in the evolution and implementation of distributed technologies, therefore, it is also actively developing the Web3 direction in its ecosystem.

Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.

Found a mistake in the text? Select it and press CTRL+ENTER

Related articles

ERC-4626: how a new standard can revitalize the DeFi segment

ERC-4626: how a new standard can revitalize the DeFi segment

August 10, 2022
Millions for safety: how Gate.io protects funds

Millions for safety: how Gate.io protects funds

August 1, 2022

The modern version of the Internet has a lot of shortcomings: centralized data storage makes it possible to steal confidential information, restrict access to services and network failures due to problems on the side of providers.

See also  26% of the deposit in two weeks: an overview of passive income on Gate.io

Together with KuCoin talk about the next generation of the Internet and its role in the platform ecosystem.

What is Web1, Web2 and Web3

The Internet is constantly evolving: developers are introducing new data transfer protocols and ways of interacting with users.

Tim Berners-Lee, creator of the URL and HTTP protocols, in The Origins and Future of the World Wide Web singled out two generations of the Internet, and later members of the WWW consortium introduced a definition third:

  • Web1 – sites with static content: text, links, images. Page content only changes on reload;
  • Web2 – interactive websites and web applications. Pages display personalized content based on visitor behavior and preferences;
  • Web3 — decentralized sites and applications. Users own digital data and private information.

With the popularization of blockchain and cryptocurrencies, elements of the digital economy were added to Web3: payments without intermediaries, smart contracts instead of contracts, and data monetization using NFT.

The KuCoin team believes that the next generation internet should be decentralized and user-friendly:

“We share the vision of a Web3 Internet that belongs to the people and is developed for the people,” said Johnny Liu, CEO of the exchange.

For this reason, KuCoin is incorporating Web3 elements into existing and new products such as KuCoin Wallet, Windvane NFT Marketplace, Wonderland NFT Playground, and other ecosystem services.

KuCoin Wallet

KuCoin Wallet — cryptocurrency wallet for mobile devices. The app supports Ethereum, Polygon, BNB Chain, and KuCoin Community Chain tokens and NFTs.

KuCoin Wallet’s Web3 features include creating a digital avatar, a built-in browser for working with DeFi services, and non-custodial storage of private keys only on the user’s device.

The application is available for Android. A mobile version for iOS is under development. Data: KuCoin Wallet.

Wallet release took place June 28th. Before that, its security was tested by the Hacken service.

The developers plan to integrate KuCoin Wallet with the Windvane marketplace. Users will then be able to create and trade NFTs directly within the app.

windvane

windvane is a decentralized NFT marketplace from KuCoin. Users can mint non-fungible tokens, trade, release collections, and spend INO.

The platform supports NFTs based on Ethereum, BNB Chain, and KuCoin Community Chain (KCC).

The launch of Windvane took place on May 30th. In honor of the launch of the platform released Windvane Genesis NFT collection, consisting of 4500 unique Lazy Roosters.

See also  SAVL Super App: How Pocket Swiss Bank Works For Crypto Industry
Depending on the uniqueness, Lazy Roosters are divided into extremely rare (SSR, super super rare), very rare (SR, super rare) and ordinary (normal). Data: windvane.

A characteristic Web3-feature of the marketplace is a distributed network (IPFS). Third party developers may create alternate applications to access Windvane and its hosted tokens.

In addition, the investment division of the KuCoin exchange and Windvane launched Creators Funds fund with a capital of $100 million. The organization finances and promotes NFT creators on various topics: eSports, PFP and GameFi.

Creators Funds is currently selecting artists to share $100 million and receive marketing support from KuCoin and Windvane. To participate in the competition, you must fill out google form.

Wonderland

Wonderland — platform for gaming NFTs. Its users can buyloot boxes characters, skins, accessories, weapons and other items, as well as sell and rent in-game property.

The service provides access to NFT for casual blockchain games in the Play-to-Earn format. Among them:

  • Picaster – card combat platform. Players fight with fictional animals – Picasters. Each Picaster is an NFT that can be rented, bought or sold. In battle, users earn tokens for staking or additional profit;
  • CEBG (Crypto Elite’s Battlegrounds) – anime-style combat multiplayer with PvP-PvP and PvEmodes. Users get one NFT hero to fight and then can find new playable characters and items;
  • X Rush is a racing arcade with shootouts in several metaverses. Users collect NFT racers, improve cars and compete with each other.

KuCoin Community Chain

KuCoin applications run on a public EVM compatible blockchain KuCoin Community Chain (KCC) with the Proof-of-Staked-Authority (PoSA) consensus algorithm. When choosing a validator, the network takes into account its ID and stake size.

KuCoin Token (KCS) is the ecosystem’s native token for paying transaction fees, which average $0.00000002637. KCS holders receive passive income, as well as discounts when paying for transactions.

There are 45 projects in the ecosystem, half of which are in the DeFi sector. Data: KCC.

The platform is managed by a decentralized autonomous organization GoDao. KCS owners control the network through a proposal and voting mechanism.

conclusions

The Web3 concept is increasingly attracting the attention of major market players: Uniswap Labs, Pantera Capital, Dragonfly Capital and other companies have already created venture divisions that are focused on developing and financing next-generation applications.

The KuCoin team believes that the future of the Internet is in the evolution and implementation of distributed technologies, therefore, it is also actively developing the Web3 direction in its ecosystem.

Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.

Found a mistake in the text? Select it and press CTRL+ENTER

Share76Tweet47

Related Posts

ERC-4626: how a new standard can revitalize the DeFi segment

ERC-4626: how a new standard can revitalize the DeFi segment

by Vaibhav
August 10, 2022
0

The DeFi boom that began amid the coronavirus crisis has reached its climax at the end of 2021. Thereafter TVL...

Millions for safety: how Gate.io protects funds

Millions for safety: how Gate.io protects funds

by Vaibhav
August 1, 2022
0

According to the portal HedgewithCrypto, over the past 10 years, hackers have hacked 49 crypto exchanges and stole $ 2.7...

whether to expect an increase in the price of Ethereum Classic

whether to expect an increase in the price of Ethereum Classic

by Vaibhav
August 1, 2022
0

The once popular, and in recent years, half-forgotten Ethereum Classic (ETC) cryptocurrency has recently shown impressive growth. Last 30 days...

Surrender phase: when the rise in the price of bitcoin resumes

Surrender phase: when the rise in the price of bitcoin resumes

by Vaibhav
June 28, 2022
0

The first half of 2022 is not the best for bitcoin investors. The rate sank by 69.2% relative to the...

“We decided to take the difficult path and make the right blockchain”: interview with CEO Velas

“We decided to take the difficult path and make the right blockchain”: interview with CEO Velas

by Vaibhav
June 21, 2022
0

Anyone can create a blockchain: you need to fork bitcoin and ask your friends to run nodes. Making a truly...

Load More

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$24,105.00
-1.90%
ethereum
Ethereum (ETH)
$1,896.63
-4.78%
tether
Tether (USDT)
$1.00
0.08%
usd-coin
USD Coin (USDC)
$1.00
0.04%
binancecoin
BNB (BNB)
$316.86
-3.17%
cardano
Cardano (ADA)
$0.56
-4.04%
ripple
XRP (XRP)
$0.370018
-4.49%
Solana
Solana (SOL)
$44.03
-5.78%
dogecoin
Dogecoin (DOGE)
$0.076145
-2.75%
polkadot
Polkadot (DOT)
$8.83
-5.67%
Shiba Inu
Shiba Inu (SHIB)
$0.000016
1.52%
Avalanche
Avalanche (AVAX)
$27.73
-4.95%
matic-network
Polygon (MATIC)
$0.96
-6.35%
litecoin
Litecoin (LTC)
$61.10
-5.36%
Cronos
Cronos (CRO)
$0.150530
-3.49%
vechain
VeChain (VET)
$0.031508
-6.19%
  • Trending
  • Comments
  • Latest
Coinbase to buy AI startup Agara to improve customer service

Russia first requested data on clients of bitcoin exchange Coinbase

December 24, 2021
Shanghai court confirms bitcoin is virtual property subject to property rights

Shanghai court confirms bitcoin is virtual property subject to property rights

May 12, 2022
Cryptocurrency trading will move into the metaverse, developer-focused study says

Cryptocurrency trading will move into the metaverse, developer-focused study says

April 6, 2022
Metaswap Gas project team suspected of exit scam

Metaswap Gas project team suspected of exit scam

December 28, 2021
Anthony Scaramucci: Bitcoin will be trading at $ 500,000

Anthony Scaramucci: Bitcoin will be trading at $ 500,000

0
Media: China Tracks Dangerous Journalists With Facial Recognition

Media: China Tracks Dangerous Journalists With Facial Recognition

0
Media: China Tracks Dangerous Journalists With Facial Recognition

Media: China Tracks Dangerous Journalists With Facial Recognition

0
Changpeng Zhao calls China’s crypto market speculative

Changpeng Zhao calls China’s crypto market speculative

0
Zipmex Gets 3 Month Protection in Singapore Amid Withdrawal Suspension

Zipmex Gets 3 Month Protection in Singapore Amid Withdrawal Suspension

August 15, 2022
145,000 ETH Ethereum ICO Era Whale Address Transferred Weeks Before Merger

145,000 ETH Ethereum ICO Era Whale Address Transferred Weeks Before Merger

August 15, 2022
Samsung Next CEO Says Web3 Projects Must Face Usability Challenge

Samsung Next CEO Says Web3 Projects Must Face Usability Challenge

August 15, 2022
The Monero team updated the protocol – Cryplogger

The Monero team updated the protocol – Cryplogger

August 15, 2022

Follow Us On Twitter

  • Home
  • About Us
  • CCPA
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms of Use
Email: contact@cryplogger.com

© 2021 Cryplogger.com
CrypLogger is a cult magazine about bitcoin, blockchain technology and the digital economy. Every day we supply news and analytics on the cryptocurrency market since 2021.

No Result
View All Result
  • Home
  • Artificial Intelligence
  • Forecasts
  • News
  • Opinions

© 2021 Cryplogger.com
CrypLogger is a cult magazine about bitcoin, blockchain technology and the digital economy. Every day we supply news and analytics on the cryptocurrency market since 2021.

Go to mobile version