Blockchain
By James Thorp
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Polkadot (DOT) Great Level of Insight
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Laura Shin, crypto journalist explored on what kind of parachains we will see on Polkadot. Gavin Wood replied on what he thinks about the para chain.
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In Gavin Wood’s own words: There are going to be parachains that want to specialize in smart contracts for sure just because they are an easier way of developing and deploying…
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I think we are going to see different blockchains that come with niche applications that they provide, plus a smart contract component that allows people to sort of extend those…
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But none of them are particularly performant, none of them scale well. None of them are really utilizing the computational power of the machines.
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This I think is going to migrate to a more fixed part of the blockchain, like basically what substrate provides to you and the smart contract the sort of fast iteration on the…
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In this regard, Sydney Ifergan, the crypto expert tweeted: “Polkadot (DOT) is gaining lot of reputation and the expectation about whether the project will make blockchain great…
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The Polkadot Decoded Conference was a success. And, onlookers feel that Gavin Wood is a mastermind and that he always delivers.
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In the interview a notable point delivered by Gavin is that Parachains are not just a smart contract, but an entire Blockchain.
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There are several people who do not understand Polkadot 2021 yet. Hopefully, in 2021 the launch of Polkaswap might have blockchain and crypto changing.
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