Polkadot is the only protocol that fits the bill for a blockchain project that requires increased scalability speed security and utilization according to peter morick parity technologies head of public affairs mauric discussed polka dots benefits over ethereum
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and the project's parachains in an interview with crypto potato over ethereum polkadot polkadot the sharded heterogeneous multi-chain technology has seen a significant growth in acceptance since the network's official launch in 2020 three years after the first coin offering apart from the growth
in value of its native token dot the blockchain infrastructure became host to a slew of cryptocurrency related initiatives including defy and stable coins crypto potato recently spoke with peter morick the head of public
relations at parity technologies the company that created polka dot he described this strong demand in the interview as people preparing for another revolution and polkadot is the only protocol that fits the bill as a protocol that is somewhat comparable
to ethereum mauric discussed the parallels between the two he asserted however that there are also substantial distinctions everything we've seen since gavin wood and the ethereum team launched ethereum has been iterations
on linear monokain smart contract systems and polkadot is not one of those additionally morick stated that parity which worked on the ethereum blockchain as well is conscious of the platform's flaws it was always a proof of concept for the technology he continued
and we learned a lot from these experiences which we incorporated into polka dot one of those enhancements he claims is a more scalable technique additionally polka dot provides representative on chain stakeholder governance something ethereum
will never implement the next generation of parachains polkadot has been working on parachains for almost a year in response to some of the scaling challenges encountered on other networks as previously reported parity
has already stated its intention to develop parachains in order to facilitate asset deployment minimize fees and enhance user experiences mauric referred to them as the next generation of layer 1 blockchain protocols
and clarified that polka dots relay chain is not a layer 1 protocol rather it is a meta protocol that exists a layer below these parachain networks at layer 0. parachains might be protocols for linear monocaine smart contracts
such as ethereum tezos solana or cardano they may be utso coin transfer chains such as bitcoin or zcash or they may be focused on optimizing certain parts of infrastructure such as oracles prediction markets or stable coins
additionally parity's head of public affairs discussed kusama's role as a canary in the coal mine for polkadot kusama which was launched a year before polkadot's mainnet is not a test net because it contains actual value but it is also not a main net
because it is used by the community to distribute unaudited code this is why parity ensured that everyone was prepared for turmoil mauric continued speaking on the probable advancements
around polka dot and defy in general during the next five years within the next five years i anticipate a sizeable fraction of important layer one blockchain protocols being hosted on or connected to polka dot this includes
defy which will undergo a significant enhancement in my opinion as it learns to operate in both synchronous and asynchronous multi-chain environments.