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Deeper joins the Polkadot DeFi Alliance
Deeper joins the Polkadot DeFi Alliance
Defi

Deeper joins the Polkadot DeFi Alliance

By Marco Cavicchioli - 5 Mar 2021

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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.

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 25 thousand subscribers.

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