co-founder and creator Gavin Wooden joined Bullish CEO Tom Farley on the CoinDesk Highlight to debate the most recent developments within the Polkadot protocol.
Gavin Wooden mentioned his present focus, which is primarily centered on growing the following iteration of the Polkadot protocol, known as the JAM Chain.
He goes on to elucidate that this new protocol builds on the foundations of each Polkadot and Ethereum and contains new concepts to create a extra basic surroundings that’s not strictly a wise contract chain, however retains the flexibility to safe blockchains like Polkadot.
Elaborating on JAM Chain's capabilities, Wooden defined that whereas it shares some similarities with sensible contract environments, it’s designed to do way more, utilizing Polkadot's underlying cryptoeconomic mechanisms to carry out a wider vary of duties.
Tom Farley tried to simplify the idea by asking if the JAM Chain might be regarded as Layer 2 or Layer 1.5 on Polkadot.
Gavin Wooden clarified that the idea of layers turns into advanced when speaking about Polkadot, which is sometimes called a layer 0 blockchain as a result of it secures different blockchains. He defined that if Polkadot is taken into account Layer 1, then JAM might be seen as sitting beneath it and internet hosting the providers that energy these blockchains.
Wooden advised that JAM might host extra than simply blockchains and provide a common surroundings that might be labeled as Layer 1, with providers working on JAM thought-about Layer 1.5. On this context, JAM-secured blockchains might be thought-about as layer 2.
Creator Polkadot talked about that the grey paper for JAM Chain remains to be in growth, at the moment at model 0.3.4, with the purpose of reaching model 1.0 by subsequent summer season. Nevertheless, he cautioned that software program and protocol growth is inherently unsure, so this timeline is a goal relatively than a agency deadline.
Wooden defined that the longer term success of Layer 1 blockchains will rely extra on their communities and repair choices than on smaller technological advances. He emphasised that Polkadot was designed to face out by pushing the boundaries of what's attainable, not simply by being a barely higher model of present platforms.
With JAM Chain, Gavin Wooden desires to transcend the same old sensible contract mannequin utilizing Polkadot know-how. It envisions a platform the place builders can run common software program on the blockchain, gaining the safety and belief of the blockchain with out the standard limitations of sensible contracts.
Because the dialog continued, Wooden delved into the place the blockchain business appears to be headed, stating that too many initiatives are centered on fast wins relatively than constructing one thing that may matter years from now. He feels that hype typically takes priority over substance as individuals rush to create and promote initiatives solely to go them by with out a lot actual worth.
Lastly, when requested about his relationship with Vitalik Buterin, Wooden defined that there was no “dangerous blood” between them regardless of their aggressive place within the blockchain area. Wooden acknowledges that there’ll at all times be some competitors, however requires cooperation and mutual respect between the Ethereum and Polkadot ecosystems.
