Home Altcoins News Cardano (ADA) Vs. Polkadot (DOT) Technically and Philosophically

Cardano (ADA) Vs. Polkadot (DOT) Technically and Philosophically

Cardano Vs Polkadot

What are some of the interesting differences between Cardano and Polkadot, technically, philosophically, and say something that you can think about when you think about the future of Cardano?

We have a whole group of people who do business intelligence and comparative analysis and we are getting to a point where we wanted to start to eventually forking their coding and even running private versions of it. Playing around with things.  It is consensus as it does is. It is nice to use your competitor’s technology to competing protocol technology, because you learn a lot of stuff, it is not bad.  There is always something there, because they have different tradeoffs and customers that potentially are interested, but right now are we are grocking on how do we want to do the side chain model of Cardano (ADA).

Polkadot is actually a tremendously useful piece of information to do that conversation, because they copy part of our infrastructure. Gavin Wood is a computer scientist and he got his Phd from New York and he read our papers obviously what he realized was a really good starting place for building a proof of stake system. So, Polkadot’s consensus system was very similar to ours.  And, so if you are saying:  Hey, how do you do a good side chain model? This Parachain thing right.  So, I was just looking at that I can kind of get an idea of one way of doing it. And, that is just beautiful.  We live in a space where it is open source and really stake and adopt that, there is no shame.

The other side was that Polkadot really has focused a lot on commercial adoption, Silicon Valley Adoption, really has focused a lot on commercial adoption, Silicon Valley adoption, getting real use and utility in a much more sustainable way.

And, Ethereum is a kind of “spray and pray” thing.  Polkadot is a kind of let’s go ahead and actually curate the system, more carefully. And, we are going to build it in a way we are predictable as possible with the roll out of the infrastructure.  And, you know and that is so important for business. I need to know what is possible in 3 years, 5 years and 10 years down the future.

You need predictability there.  I think they have been short of it, than anything else with Eth2 or currently Ethereum. The big contrast between the two systems though is we actually have native multi asset, we have a different accounting model, I think our base ledger is far more expressive.

Our rate of evolution of Proof of Stake is much faster, because it was based on delivery of work and we already have Ouroborous and other thing there. Our rate of evolution with Proof of Stake is much faster than theirs because it is based on deliver of work and we already have Ouroborus omega and other things.  And, I think we have a better side chain model because we have something called Mithral for that, but we learn a lot from their work. And, the other thing is that we thought about governance lot more carefully. And, we have catalyst and Voltaren. It is about how we make every person who holds data participate in the network. That was in a high design priority. Polkadot was fast commercial adoption. The acquisition of customers, we will come to governance later.  But it is nice to have a competitor like that.

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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