Polkadot (DOT): Envisioning

[Goldlife]

How about a more transparent, decentralized internet? One with greater control of your personal data? Polkadot’s (DOT) far-reaching vision for Web 3.0 aims to leverage blockchain technology precisely to create that internet.

Summary

Founded by Ethereum's Peter Czaban and backed by Parity Technologies and the Web3 Foundation, Polkadot and its native cryptocurrency, DOT, are designed to tackle the Web 3.0 challenge. Web 1.0 (the original World Wide Web) came to fruition in the early 1990s, while Web 2.0 began about 10 years later, with platforms such as Amazon, Facebook, Airbnb, LinkedIn, Alibaba, and Twitter — which offer dynamic and multi-functional application experiences across all our devices. However, many criticize Web 2.0 for being overly centralized, asserting that this attribute has paved the way for excessive focus on profit, unreasonable types of advertising, frequent mass surveillance, increased security breaches, decreased privacy, and widespread data theft. Such phenomena have left many disenfranchised, questioning whether the system truly benefits its users. In response, Web 3.0 seeks to leverage blockchain technology in a bid to flip the Web 2.0 model on its head and link programs directly with each other, turning centralized applications into decentralized protocols. This article provides an overview of the Polkadot blockchain’s history, utility, and structure.


More info: https://www.gemini.com/cryptopedia/polkadot-crypto-dot-coin