Polkadot Decoded, a summary of the mega event that revolutionized the crypto community worldwide
Madrid, July 1, 2022. – Polkadot Decoded, one of the most anticipated events by the community, came to an end yesterday after two days full of a lot of information and strong announcements. The event was attended by Polkadot founder and president of the Web3 Foundation, Gavin Wood, who was present in Buenos Aires, one of the cities that hosted the event.
More than 450 people a day were able to enjoy the event in Buenos Aires, the first Latin American city to host this event, with numerous talks by local and international experts. Added to this number are all the people who were present in the cities of Berlin, New York, and Hangzhou, the other three venues where Polkadot Decoded also took place simultaneously.
To give it more extension, thousands of people were also able to access live the more than 100 talks, chosen in a democratic and decentralized manner by the community, which were streamed completely free of charge and for everyone. Polkadot also prepared parallel events where the community could meet in different activities in the cities of Mexico, Peru, Rio de Janeiro, Valencia, among others.
Next, we send you a summary of the two days in Buenos Aires, the Spanish-speaking city that hosted the largest event in the community:
- Gavin Wood announced the next generation of governance within the Polkadot ecosystem for a decentralized future.
- This new system will enable thousands of simultaneous decision-making mechanisms so that those who wish to can participate at any time. Likewise, it will drastically increase the potential number of collective decisions in the Blockchain, positively impacting Polkadot’s governance system as it is a crucial step in the development of its decentralized ecosystem. (To see the video of the full talk, access this link: https://youtu.be/tBvxn8WfcFI )
- Polkadot introduced Substrate Marketplace, a key ecosystem tool that will make it easier than ever for developers to search for available pallets while planning their Polkadot, Kusama, or solochain project. With this, in addition to open source pallets included natively with FRAME, developers will be able to search for those developed by the community and offered to the community under various open-source licenses.
- Project Liberty: Úrsula O’Kuinghttons, director of Communications and Alliances of the Web3 Foundation together with Denise Duncan, from Unfinished Labs presented Project Liberty, a revolutionary proposal for Web3.
- “Project Liberty is an ambitious project. We want to create a new civil architecture, according to the times we are living. We are concerned about the current situation in terms of freedom and opportunities,” Duncan said, adding, “Creating with a decentralized protocol and blockchain technology is key for people to own their data.”
- For his part, O’Kuinghttons delved into the problems that the sale of data by technology companies poses for democracy and stated that “democracy is in danger if we continue to use this system. If we want to create real freedom, we have to decentralize data.”
- Women in web3: Lorena Fabris, Polkadot ambassador, Romina Cejas, BD at Cryptoavisos and CM at Defi Latam, Pilar Rodriguez, Head of People at Defiant Wallet, and Fiorella Scantambulo (Head of Coms at POAP) in a panel moderated by Úrsula O’ Kuinghttons, spoke about the role of women in crypto technology. They highlighted the need to provide women with the necessary tools to break down the glass ceilings that prevent them from reaching leadership positions. Likewise, they agreed on the need for more and more women to join in working on this technology. The biggest challenge is empowering them. They must be promoted and accompanied so that they become builders and founders of projects. So that they are in decision-making places.
- Polkadot in LATAM: Ezio Rojas, Social Media Manager LATAM and Spain of Parity Technologies highlighted that Decoded has been the biggest event ever seen in technology, with activities around the world from June 28 to July 1. Likewise, he highlighted that the Latin American vision was central in this event, with unique possibilities for the development of new technologies. “The influence of blockchain technology in the region is undeniable. In 2022, Venezuela, Argentina, and Colombia were part of the 20 countries with the highest adoption of blockchain technology and cryptocurrencies worldwide. For this reason, he explained that Polkadot seeks the growth of participation spaces in the region. Spanish is the second most important language among Polkadot users, so one of the main objectives of the company is to find solutions that focus on needs that affect Latin Americans, as is the case of projects with Virto Network and Roloi.
- Adoption of Polkadot in the business sector: Juan Jose Miranda of NTT DATA highlighted the benefits of the Polkadot ecosystem in the business world, explaining that crypto and Web3 technologies are “redefining the meaning of trust as we know it.” The latter is related to the new way of sharing personal information that, among other things, is proposed by Web3. It’s an amazing paradigm shift. We will own our own information. It is the true beginning of the digitization of the world.”
- Polkadot Security: Javier Viola, Santiago Balaguer, and Héctor Bulgarini from Partity Technologies, together with Alberto Viera from Mumbling and Nicolás Arevalo from Acala, highlighted that Polkadot has been developed in consistent and secure steps to scale the system and processing capacity without sacrificing security, without compromising the net. This is because the Polkadot network took 5 years to form, which speaks to an ecosystem that privileges security and rules out improvisation since its inception. They also explained that Polkadot provides the validator system for the parachains to connect to the ecosystem. Validators within the Polkadot protocol are assigned to parachains in a two-step validation. The process shields the parachains in terms of security.
For more information about this event, go to: https://decoded.polkadot.network/
About the Web3 Foundation
The Web3 Foundation funds research and development teams that build the technology stack of the decentralized web. It was established in Zug, Switzerland by Ethereum co-founder and former CTO Dr. Gavin Wood. Polkadot is the Foundation’s flagship project. For more information visit web3.foundation.
About Polkadot
Polkadot provides the technical advancements needed to make blockchain technology practical, accessible, scalable, interoperable, and future-proof, removing limitations and barriers to entry and thereby driving innovation, growing the decentralized technology space, and bringing the Web3 vision to life.
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