Web3 is not merely Web2 with tokens attached; it is a continuation of the digital freedom movement that started with the personal computer. We are constructing the tools necessary to return power to your hands.
Opting for decentralization represents a highly practical approach to design. Unlike Web2, which relies on opaque control and trusted intermediaries, Polkadot functions through the collective effort of hundreds of validators. Each of these participants stakes capital to serve as a bond for their honest conduct. The network ensures security through an incentive-based model, offering rewards for accuracy and high uptime.
Polkadot has successfully advanced to a new level of capability. The runtime upgrade implemented today launches a network that is simpler, faster, and more practical for real-world applications. Regarding the improvements to your experience, you will notice that applications operate with greater fluidity and speed, while transaction confirmations occur much more rapidly. Furthermore, this update ensures that builders can dedicate their efforts to developing products rather than managing the complexities of protocol engineering.
The breakdown of centralized institutions during the 2008 financial crisis highlighted a fundamental flaw: systems reliant on trust crumble when those institutions fail.