How the Rexx Coin (REXX) could contribute to Web 3.0
You may already be familiar with the term ‘World Wide Web’ or the internet. The internet is like a big library full of books and information that can be accessed by practically anyone with a computer (or a mobile device nowadays).
Web 1.0, which refers to the first version of the internet, was like a library where you could access and read books. There was free content and a lot of information on the internet, which was accessible with certain limitations. Users could access and read this information but the ability to modify or create new content was limited. We could only read what was already there.
Then came Web 2.0 (sometime around 1999), a new kind of internet, where the users also could engage in the content generation process. This new internet allowed users to create their own content rather than just consuming and viewing the content already available online.
Web 2.0, the second and current version of the internet, is like a library where you can not just read books but also create your own content and write new books. It also allows users to share their content with other users online, through social media and communities. People now can do much more on the internet, read information, watch videos, listen to music, create and share their own content, communicate with friends online, and so on.
Web 3.0 refers to the next or future generation of the internet, which mostly revolves around cutting-edge tech like blockchain, artificial intelligence, and others. The new internet is meant to be decentralized, i.e. free from the control of traditional centralized entities such as governments and publicly accessible to everyone. It’s built on top of next-gen technologies such as blockchain.
You can think of Web 3.0 as a smart, digital, decentralized library full of magical things. It's intelligent, can understand what you are searching for, and find it for you. It can not only find information that already exists but also create new information based on your input. Thanks to technologies like blockchain, the new internet is safer and more secure than ever before. It’s public and transparent.
Web 3.0 and Blockchain Evolution
The future of Web 3.0 is impossible to imagine without blockchain. Blockchain, a decentralized ledger technology, is set to play a pivotal role in the next generation of the internet by introducing a way to enhance security, transparency, and trustability in online transactions. Web 3.0 is powered by blockchain along with other advanced technologies like artificial intelligence and the Internet of Things (IoT). Thanks to this, the new web is more intelligent and user-centric than ever before.
One of the best examples of the ability of blockchain is smart contracts, which are blockchain-based programs with the ability to automate transactions based on predefined rules, reducing the need for and cost of intermediaries. Decentralized applications (DApps) are another such example.
How the Rexx Coin plans to contribute to Web 3.0
Rexx Coin is a utility token, a cryptocurrency created as the native token for the Rexx Ecosystem, which is working with the aim to revolutionize the lives of people around the world by introducing blockchain technology across various sectors such as gaming, finance, news, supply chain, and more.
Rexx Coin is the fuel that powers the entire Rexx Ecosystem, including all its platforms and decentralized apps. It acts as a digital asset for investors, a payment system for the gaming industry, and a means to reward Rexx users.
Rexx Coin aims to change the way people invest and make payments in Web 3.0. It introduces a highly secure and peer-to-peer (decentralized) method of transferring and trading digital assets, which is free from traditional centralized entities like governments and banks and is based on blockchain technology.
“Rexx Coin isn’t a cryptocurrency; it’s a revolution,” - ReXX Founder
As a utility token, REXX provides seamless access to the native Rexx Ecosystem, enabling users to buy, trade, and monetize in-game assets securely on the ReXXverse blockchain gaming platform, buy other cryptocurrencies and tokens on the ReXXchange decentralized exchange, make micropayment via the ReXXpay payment gateway, and enjoy various other ecosystem services like decentralized news on ReXXpress, a decentralized world map on ReXXplorer, and a decentralized wallet on ReXXVault.
To summarize, Rexx Coin through its innovative solutions and next-gen features will provide a complete Web3 experience to the Rexx Ecosystem users.
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You can check REXX project’s further details here:
Whitepaper: https://coinrexx.com/Rexx-Whitepaper.pdf
KYC Certificate: https://github.com/blocksafu111/kyc/blob/main/KYC-RexxCoin-By-BlockSAFU.pdf
Audited Report: https://blocksafu.com/audit/0x1C07B56d1765D15Aa9d28C5e6cfe2cC2A765b27b