Monday, May 16, 2022
HomeDeFi NewsDeeper Network announced its joining the Polkadot DeFi Alliance

Deeper Network announced its joining the Polkadot DeFi Alliance

Deeper Network has officially announced its membership in the Polkadot DeFi Alliance.

Polkadot DeFi Alliance is a group of blockchain projects seeking to build a global decentralized financial infrastructure, including for example Chainlink and Reef Finance, and aiming to create a space for collaboration between the most promising DeFi multi-chain projects.

Polkadot is a multi-chain interchange framework launched by Ethereum co-founder Gavin Wood in May 2020, which allows custom sidechains to connect with other blockchains. It therefore already aims to allow different decentralized blockchains to interact with each other.

Deeper Network on the other hand is a privacy-focused project, with a secure resource sharing platform, a decentralized consensus network, and a trusted Internet development platform.

Its goal is to build a truly decentralized and secure gateway to a more democratic Internet, leading to a better user experience, with the ambition to become the de facto portal to Web 3.0.

It also offers users tools to prevent cyber attacks and data leaks and to increase their online privacy.

Deeper also provides a financial incentive to those who make their unused bandwidth available to others in the form of DPR tokens.

Deeper has found in the Polkadot DeFi Alliance many members with relevant synergies, seeing that DeFi is still in its early stages, and therefore collaboration between those projects pushing the boundaries of this technology is crucial to increase the speed of this development.

The Polkadot DeFi Alliance 

The alliance will also host monthly roundtables on the latest developments in the crypto market, with various guests such as innovators from the Web3 Foundation and Parity Technologies.

After years in which the various blockchain projects competed with each other, it seems that the time has now come to work together to further increase the speed of growth.

In this context, it is not surprising that an alliance bearing the name of Polkadot should take on the task of trying to foster these collaborations, precisely because the Polkadot project was created with the aim of enabling the development of centralized cross-chain platforms.

Buy and sell Bitcoin and other cryptocurrencies on Bybit, the most comprehensive cryptocurrency exchange to safely and conveniently invest in the world's most traded cryptocurrencies. Sign up and see how simple it is, go to: https://bybit.com


Follow the latest news about the cryptocurrency market at:

Google News | Facebook | Twitter | Telegram | Reddit 


 

RELATED ARTICLES
- Advertisment -
30,235FansLike
15,154FollowersFollow
156,632SubscribersSubscribe

Most Popular