In this episode of the Fundamentals podcast, we’re joined by Shawn Tabrizi, Lead Developer at Polkadot. Polkadot is the first fully-sharded blockchain, i.e. it is a multi-chain environment. Polkadot enables scalability by allowing specialized blockchains to communicate with each other in a secure, trust-free environment.
In our interview with Shawn, we discuss Polkadot’s core value proposition, the main optimizations they have focused on, the concepts of shared security, interoperability, and unstoppability, Polkadot’s economic model, how to value the utility of a blockchain network’s native token, current growth drivers and challenges, plans for the future, and more!
Polkadot’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/polkadot
Polkadot
Site: https://polkadot.network/
Twitter: https://twitter.com/Polkadot
Shawn: https://twitter.com/shawntabrizi
Make sure to leave a comment if you have any questions 🙌
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Timestamps:
00:00 Introduction
00:59 Polkadot’s core value proposition
02:17 The optimizations Polkadot has focused on
04:25 The problem that Polkadot solves for blockchain developers
08:55 The bet against blockchain maximalism
11:52 Building an unstoppable blockchain ecosystem
17:10 What is best suited to be built on Polkadot
20:02 The current Parachain landscape
21:20 The Substrate blockchain development framework
23:42 Polkadot's core contributors
28:04 Polkadot's economic model
32:18 What role do fees and revenue play in a blockchain's value accrual
35:27 What are the best metrics to measure/value a blockchain?
35:27 Quantifying the utility of a blockchain's native token
38:27 Current challenges
43:37 Growth drivers
43:16 What's next for Polkadot?
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Fundamentals