Web3 already gained its popularity last year thanks to the interest of cryptocurrency enthusiasts. To better understand the decentralised online ecosystem, it is regularly contrasted with previous versions of the internet. But Web3’s transparency, verifiability and governance overwhelmingly prevail. If you also find this topic relevant, attend the “RIGA COMM 2022” Web3 conference in Riga on 6-7 October.

Applications are now increasingly exposed to user data security risks and failure to comply with privacy policies. Almost every application collects user data, creating databases for the purpose of making a profit. Experts say the goals set by Web 3 are to address all these risks and flaws by redesigning and improving application and user interaction so that the user has control over their data. Plus, you’ll be able to authenticate with your digital wallet address in apps!

Advantages of Web3

In fact, the term Web3 or Web 3.0 is nothing new – it was introduced in 2014 by Gavin Wood, co-founder of the cryptocurrency Ethereum. But in 2020, thanks to the benefits of Web3’s decentralised management, the term became more widely known. Web3 consists of decentralised applications and is stored on the Ethereum or Bitcoin blockchain, powered by open-source software. A digital wallet is essential for Web3; authentication does not require personal data and content belongs to users, not to Instagram, Facebook or Google and Microsoft, for example. Another privilege of Web3 is accessibility – Web3 access and its applications do not require third-party permission.

Versatile use

Web3 is characterised by the cryptocurrency and digital assets used in the ecosystem. The user creates their own virtual wallet, and sells and buys NFTs (non-fungible tokens), which no one can track or control. The NFT also allows you to buy various services in a virtual environment. This is made possible by DeFi (Decentralised Finance) – decentralised financial systems where ownership is vested in the user, so that all financial activities take place between people without the involvement of a bank or other financial institution.

The role of Web3 in decentralised autonomous organisations

It should be noted that Web3 is not just about finance or the internet; blockchains can be used in other ways too. A good example is Decentralised Autonomous Organisations (DAOs), which are traditionally companies and organisations but are not managed by, for example, a central bank. These organisations usually have staff who agree on the specific rules of the game – certain principles that apply to everyone involved. Employees usually work part-time and are paid in cryptocurrency tokens. With tokens, employees can vote on decisions and/or join another DAO organisation, where new members are only admitted after collecting a certain number of tokens.

Cryptocurrency games

Gamers might like the GameFi and Play-to-earn (P2E) ecosystems, as these platforms feature blockchain games. Meaning, for a certain number of tokens, a gamer can buy, collect and care for a specific character in the game. Later, after reaching a good level in the game, the gamer can sell their character to another player and make a profit.

Issues using Web3

As the Web3 ecosystem and definition itself continue to evolve, there are various issues in its use that engineers are trying to overcome. One of the issues is moving the digital token from one blockchain to another. For example, a user can navigate through different metaverses, but only purchase and use the NFT of their choice in a specific metaverse.

Web retrospective

From the 1990s to the 2000s – Web1 – read-only capabilities.

From 2000 until now – Web2 – the user reads and creates their own entries, while technology companies control the content according to certain accepted parameters.

As of 2020, Web3 is still in development, where the user reads, writes and owns a digital asset.

See you at the RIGA COMM 2022 Web3 conference!

Are Web3 goals achievable? What Web3 technologies have entrepreneurs in the Baltics developed? These and other questions will be answered and the advantages of Web3 will be discussed at the “Riga COMM” Web3 conference to be held on 7 October in Riga. Plan your visit to “Riga COMM 2022” now!

Admiral Markets is the regulated international online trading provider — reputation leader, offering trading of the most common financial instruments and education in native language for more than 17 years.

During the “RIGA COMM 2018” fair Admiral Markets UK Ltd Latvian branch team will demostrate the opportunities of new technologies in trading Forex, shares, index, commodity, cryptocurrency, ETF and bond CFD’s.

In addition to the most popular trading platform MetaTrader Admial Markets offers proffesional add-on – Supreme Edition with more than 60 additional features, wich will be demonstrated at the fair “RIGA COMM 2018”.

https://www.youtube.com/watch?v=VFLDC6LEagI#action=share

 

Thank you for choosing Admiral Markets!
Admiral Markets UK Ltd Latvian branch
Krišjāņa Valdemāra ielā 8 – 13, Rīga
+371 6611 6588
admiral@admiral.lv

www.admiral.lv

BTCBIT.NET offer new financial technologies – cryptocurrency exchange; we ensure availability and applying services on a daily basis. We provide access and exchange services 24 hours per day , which you are able to access in your phone, laptop or any other device.

Our company was founded in 2017 in Latvia and currently we have representative offices in Latvia and Poland.

We provide services for the cryptocurrency exchange in more than 180 countries. Customer interests and trust are the most important points in our business.

We will be happy to see everyone and discuss the possibility of a cooperation.

At the exhibition “RIGA COMM 2018” we will answer all your questions about our work.

Contacts:

https://btcbit.net/

info@btcbit.net

+371 66 090 222

 

Meet TMS Brokers.

 

Discover TMS Transparent Trading Offer and start investing without hidden costs. Platform TMS Prime offers access to global instruments from the range of currencies, cryptocurrencies, indices, stocks and commotidies. We provide most favored by investors MT5 trading platform, together with multi-faceted support, ongoing market analysis, recommendations and trading signals. For mobile traders, we prepared SmartTrader App, with intuitive dashboard and fintech features. We have been awarded by Bloomberg for the best market analysis accuracy and received FXCuffs 2018 special prize for fully transparent offer.

 

In the exhibition RIGA COMM 2018 our team will introduce You to the transparent spread offer and show You the possibilities of mobile trading in SmartTrader technology.

 

More:

TMS Latvia

+371 66 334 410

tms@tmseurope.lv

https://www.tmseurope.lv/

 

By Crassula.io

 

Owning an online business means you have to be frisky and able to quickly adapt to innovations. FinTech trends are rapidly changing, requiring new solutions to constantly occurring issues, fulfilling your customers’ wishes.

 

Current innovation trend is freedom of choice in payment methods, which includes mass cryptocurrency adoption. It is reasoned by many benefits of digital currency use, such as immediate payments, decentralization and very low risks of frauds. With the growing popularity of crypto, the idea of integrating it into online payment solutions becomes more common. But there is still work to be done as virtual currencies are yet to replace traditional or credit/debit card payments.

 

One of the reasons behind such a slow process of cryptocurrency integration in payments world is lack of knowledge and competence. Digital currencies might be the hottest topic in FinTech world, but many consumers still stay uninformed. Dalia’s 2018 survey shows that more than 50% of users still have no knowledge of cryptocurrency trend, despite Bitcoin’s explosive rise in 2017. Especially, people lack understanding where exactly cryptocurrencies can be used – and the fact that they can be used for almost every purpose the same as traditional money. By implementing cryptocurrencies in business operations, companies contribute to creating more awareness and educating their clients about the benefits and limitations of digital currencies. These contributions work towards the larger adoption of digital money.

 

Crassula’s CEO Daria Dubinina also highlights the fact that cryptocurrency is comprehended more as an asset by its owners prevents it from adoption in the real economy: “People are buying crypto with the hope that its value is going to get bigger, which shows instability of digital currency. When the value becomes more stable, there will become more opportunities for its integration in everyday payments.

 

But making cryptocurrency payment possible in your business allows consumers to take advantage of the innovative world of digital money. We already can see more opportunities arising with more businesses incorporating decentralized networks for transactions, but the progress is still on the way. The unique and brilliant technology of blockchain can make a big impact not only on your business but on the economy of the whole world. Developing countries highly support the idea of digital currencies because of them becoming an alternative to ineffective financial systems.

 

How can you contribute?

 

If you care about cryptocurrency adoption but have no or not enough idea of how it can be implemented, consider using a white label service that already has necessary features and offers solutions for cryptocurrency payments. Brands like Crassula are already offering innovative technologies that help to make a transition from traditional currency to digital currency more easy, fast and essential. And it all is white labeled to help other companies integrate digital currencies in their business in days.

 

Visit the RIGA COMM 2018 Blockchain Conference on 12 October to find out more.

Follow the conference page: facebook.com/events/165763137386048/

The “RIGA COMM 2018” exhibition will be attended by the company “Zatoshi” that will introduce visitors to the process of cryptocurrency mining, exchange, as well as will tell how to keep your cryptocurrency safe and transfer it while maintaining privacy.

 

 

More about “ZATOSHI”:

Adress: Riga, Cesu street 31, corpus 3, stairs 9, LV-1012

Phone Nr.: 24501501; 66077022

E-mail: office@zatoshi.com

www.zatoshi.com

 

Visit the RIGA COMM 2018 Blockchain Conference on 12 October to find out more.

Follow the conference page: https://www.facebook.com/events/165763137386048/