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Parity's Jutta Steiner and Gavin Wood on Polkadot, Substrate and the Frozen Funds - Ep.119

Unchained

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Governance and Innovation in the Polkadot Ecosystem

This chapter explores the unique governance structure of the Polkadot network, detailing the roles of its council and legislative body alongside an innovative referendum process. It also discusses the development framework Substrate, which simplifies the creation of custom blockchains and incentivizes long-term commitment from token holders. Furthermore, the chapter contrasts Polkadot's parachains with Ethereum's smart contracts, highlighting their respective advantages for developers and the potential for future advancements in blockchain technology.

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