Gavin Wood: Polkadot is a ‘bet against blockchain maximalism’
The Polkadot founder doesn’t buy into the narrative that we only need one blockchain. Polkadot doesn’t have to be an “Ethereum killer” to succeed, according to protocol founder Gavin Wood. In a “fireside chat” with podcaster Laura Shin during the Polkadot Decoded business summit on Thursday, Wood was asked whether his protocol could exist alongside Ethereum given its lofty development goals and growing success in bringing on new developers. Wood acknowledged that the blockchain ecosystem is big enough for both protocols, but said Polkadot is essentially a “bet against blockchain....
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In a recent Realvision interview, the developer Gavin Wood explains how Polkadot reimagines the innovation ecosystem from the ground up. Wood also discusses how the Polkadot protocol is both similar but also different than Ethereum, the second-largest crypto asset by market valuation. Polkadot: A Bet Against Maximalism Innovation involves the pioneering and actualization of a creative new way of doing something. For famed blockchain programmer Gavin Wood, Polkadot is the platform that unlocks the potential of swifter blockchain innovation. By building a platform of platforms, or 0-layer....
Wood will remain the company’s majority shareholder and take on the title of chief architect, where his focus will shift to developing and promoting the mass adoption of Web3 technology. Gavin Wood, the co-founder of Polkadot, is stepping down as the CEO of blockchain infrastructure company Parity Technologies. Parity is the development company behind the Polkadot ecosystem. In a statement released on Oct 21, Wood shared that he never desired the CEO role. Although he could act as one for an interim period, it was not a position where he saw himself finding “eternal happiness.” Wood....
Blockchain technology remains the major drive in the decentralization of digital assets. This has led to the emergence of several blockchain networks, each having its unique and distinguishing features. Amongst these blockchains is Polkadot, usually referred to as the blockchain of blockchains due to its multichain nature. Recently, Gavin Wood, the founder of Polkadot, revealed […]
The official Ukraine crypto wallets are now accepting donations from the Polkadot (DOT) ecosystem; cofounder Gavin Wood has donated $5.8 million or 298,367 DOT. Calls from the crypto community for Ukraine to accept other cryptocurrencies have been answered. The official Ukraine Twitter account shared that it will now accept donations from Polkadot (DOT), while other cryptocurrencies will soon be added. The people of Ukraine are grateful for the support and donations from the global crypto community as we protect our freedom. We are now accepting Polkadot donations too: $DOT:....
Gavin Wood said that he seeks to transform the Polkadot blockchain into a full technocracy. Live from Polkadot Decoded in Buenos Aires on Wednesday, Polkadot (DOT) and Kusama founder Gavin Wood announced that the blockchain's governance model would undergo a new transformation. Dubbed Gov2, anyone would be able to start a referendum at any time for as many times as they wish in the new setup, similar to initiating new transactions on the blockchain.Thereafter, pending referenda need 50% of the vote from stakeholders within 28 days' time for approval or face rejection by default.....