Crypto startup plans third wave of internet
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Spotted: UK-based crypto startup Polkadot plans to reshape the internet using blockchain. The goal is to create a 3rd wave (Web3) of the web -- one that lays the foundation for a secure peer-to-peer platform. A blockchain is a chain of digital information (known as blocks) stored in a public database (chain). The challenge is that while blockchains are growing in popularity, they struggle to speak with each other. Polkadot, a global network of blockchains, provides a framework for blockchains to communicate, thereby connecting them. Blockchain advocates say this system is more trustworthy and secure than the internet we currently use.…
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