“It's important that we don't lose sight of why we're doing all this in the first place. It needs to be decentralized, it's pretty much pointless if it's not.” gavofyork joins mikejcasey and sheila_warren on MoneyReimagined
First, Wood walks through the founding ideals of Polkadot, including its focus on decentralization, interoperability and efficiency. He next explains the technologies Polkadot introduced to meet the ideals and help accelerate experimentations into the future Web 3.
Wood views the transition from Web 2 to Web 3 not as an optional step, but a necessary one, adding, “We cannot afford to base our infrastructure on fundamentally flawed centralized technologies.” The current internet’s flaws in centralization and privacy concerns will be challenging to overcome in the next iteration of internet technologies, but Wood is optimistic that with the right incentives, these new solutions will be created that align with the needs of users.
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