The future is here
Web 3.0 provides users with unprecedented control over the apps and networks they work with. Blockchain and crypto enable voting, staking, and decentralized investing on an unprecedented scale. Even now users are engaged in creating dApps for the Ethereum chain or developing new tools to work with BitCoin (BTC). New networks are created every year that allow for even more direct influence from their community.
Even more, Web 3.0 proposes that organizations, companies, services, and applications can be kind of a DAO, where there is no CEO or board members. Instead, there are millions of individual users that have voting rights, depending on the level of their involvement (in the form of the tokens they own).
The Web 3.0 core idea is to bring more power and more benefits, but also more responsibility to users.
Some of the conditions for the transition to the Web 3.0 are full transparency and freedom of operations. Therefore, all activities involving users should ideally be conducted within the same network. This network should be fast, secure, robust, adjustable, and have a low barrier to entry. A lot of blockchains want to be this network, the foundation for Web 3.0, and they try very different solutions to accomplish this.
So far, this problem has not been solved, such a network could not be created. Instead of one, there are many different networks that are good at one thing: some are fast, some are cheap, some can withstand huge loads, and so on.
At the moment, most blockchains are completely standalone and are very hard to bind together. This incompatibility is a common problem that does not allow these networks to increase their popularity and gain new users. This problem is solved by Polkadot, a chain and a shared protocol that enables blockchain networks to operate together. Polkadot says: let’s do a lot of very specific chains instead of trying to create one multipurpose one. This way we can have one chain for mobiles, one for data, one for games, and one for DeFi. And they all could be connected securely, allowing their communities to interact with one another.
What is Polkadot, the network of the future
The founders of Polkadot are Dr. Gavin Wood, Robert Harbermier, and Peter Czaban. Wood, President of the Web3 Foundation, is known as the co-founder of ETH, the founder of Parity Technologies, and the creator of the Solidity programming language on which all smart contracts are written.
Polkadot is a network protocol with open source code, which facilitates the cross-chain transfer of any data or asset types, thus ensuring compatibility with a wide range of blockchains with each other. In simple words, Polkadot is a diverse ecosystem, which creates and launches new projects that can easily interact with each other.
One of the connected to this ecosystem blockchains is called a “parachain.” Which blockchain will be added to the Polkadot cluster is voted on by the community through an auction. These so-called “slot auctions” are held every 3 months and the winner can collect as much as $1.2-$1.4 billion in votes.
Successful large-scale blockchains have already been launched on Polkadot, such as Moonbeam, Astar, and Acala. All of these parachains support dApps. Smaller projects, however, don’t have the opportunity to get the spotlight because winning the slot auctions is out of reach for them.
How Polkapad can help
Polkapad is an HMC (Heterogeneous Multi-chain) launchpad that allows small- and medium-sized projects to find their community and establish a niche within the Polkadot ecosystem. It helps projects to launch and gives them an opportunity to use the strongest sides of parachains. The goal of Polkapad is to create a future-proof community-centered model around Polkadot. We are aiming to help upcoming dApps, providing them with funds and various tech support.
We aim to bring more opportunities to the dApps and their community. Why choose one blockchain, when you can be a part of an entire parachain ecosystem? We aim to build a Polkadot dApp community that helps any new Polkadot dApp, no matter what parachain it’s based on.
Our team consists of crypto enthusiasts, and all of us believe in the bright future of crypto as the basis for Web 3.0. From our point of view, the interconnectivity problem is one of the biggest in the blockchain industry. That is what Polkadot is here to solve. Their ambitious plans made us think about how we could help in this process. Uniting all parachains in one ecosystem through the XCM technology is essential, but someone should also connect communities and developers and bring new people to the space.
Polkapad aims to be a project that will bring the Polkadot community together and allow any developer to easily launch a dApp on any parachain they desire.