Unchained Can Gavin Wood's Polkadot 'Make Blockchain Great Again'? - Ep.202
Dec 8, 2020
Gavin Wood, the founder of Polkadot, Kusama, and Parity Technologies, shares his groundbreaking vision for Polkadot, a 'meta-protocol' designed to revolutionize blockchain. He explains the mechanics of parachains and how innovative auction formats enhance fairness. Wood also addresses security concerns stemming from Parity's past incidents and outlines on-chain governance to prevent forks. Additionally, he discusses Polkadot's collaboration with Ethereum and its potential to serve enterprise blockchains, emphasizing adaptability in a rapidly evolving digital landscape.
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Polkadot's Vision
- Gavin Wood's vision for Polkadot was to address blockchain's scalability and generality issues.
- He aimed to create a "meta-protocol" to enable more efficient transaction processing and flexible blockchain design.
Meta-Protocol
- A meta-protocol governs other protocols, enabling easier modification and evolution.
- Polkadot uses WebAssembly as its meta-protocol, providing a stable foundation for building and iterating on protocols.
Parachains and Parathreads
- Parachains are dedicated processing slots, like computer cores, handling different workloads.
- Parathreads are pay-as-you-go slots for less frequent tasks, optimizing resource use.