Polkadot has once again been vocal about its commitment to developing more blockchain bridges to allow its ecosystem to connect with external networks, facilitating cross-chain integration and interoperability.
The blockchain network has become increasingly popular among developers and investors, quickly becoming one of the hottest projects in the blockchain ecosystem as its cryptocurrency DOT reaches the top 6 by market capitalization.
Polkadot Makes Web3 Easier
Polkadot was designed to provide an alternative to traditional blockchain networks like Ethereum by focusing on scalability, interoperability, and security able to use parachains and bridges to connect its ecosystem with other networks.
Differentiated bridges are currently supported by Polkadot Web 3 Foundation grants including Interlay, Snowfork, Darwinia, Centrifuge, ChainX, and Bifrost.
By providing financial and technical support to such projects, the Polkadot team aims to boost the evolution of the decentralized internet (Web3) by facilitating the integration of different ecosystems while removing the need for central authorities that can result in the creation of silos and censorship over how people make use of the web.
The development of a decentralized internet has gained increased support from experts like Tim Berners-Lee, the inventor of the World Wide Web, as concerns over increasing power over the internet by certain companies continue to gain notoriety.
The Need for a Decentralized Internet
Back in 2009, Tim Berners-Lee said in a seminar: “The Web as I envisaged it, we have not seen it yet. The future is still so much bigger than the past.” Now, 12 years later, he continues to work to achieve his original vision of free internet.
With companies like Google, Facebook, Amazon, and Twitter continuing to monopolize the internet and creating data silos as they capitalize on user data, concerns about privacy and censorship have been on the rise over the last months.
Governments around the world have…