Why This Crypto Is Different From All the Others
Cryptocurrencies are the talk of the town these days, but let's face it: Most of them are pretty similar. They're digital assets, stored on a blockchain ledger, with transactions that can be verified and validated by anyone. Bitcoin set that basic pattern 15 years ago, and most crypto names haven't strayed far from it. But there's one cryptocurrency that's radically different from all the others. I'm talking about Polkadot (CRYPTO: DOT), the official cryptocurrency of the Web3 system.
Web3 is the future of the internet, where decentralized networks and blockchain technology will replace the centralized web we know today. While the current version of the internet (Web2) is dominated by a handful of large companies, Web3 is built on decentralized blockchain technology, which means that it is not controlled by any single entity.
And Polkadot is a platform that connects these different blockchain networks, allowing them to communicate with each other and share data in a secure and efficient way. The token, its blockchain network, and the whole Polkadot ecosystem were designed by the Web3 Foundation for the specific purpose of running the inner workings of a Web3 world.
Source Fool.com
