Real Vision: Finance & Investing Polkadot: A Bet Against Maximalism(w/ Gavin Wood)
Crypto Wednesday: Gavin Wood, co-founder of Polkadot and co-founder and CTO of Ethereum, joins Sebastian Moonjava, Real Vision associate crypto editor, to discuss Polkadot, Kusama, and the evolving crypto landscape. Wood explains that Polkadot was created to enable faster innovation in the blockchain space, reducing the amount of work necessary to start and secure a new blockchain and connect it to others. He describes Polkadot as a layer 0 technology, a meta protocol, that is more abstract and flexible than Bitcoin and Ethereum. Wood also talks about Kusama, which utilizes the same kind of technology as Polkadot but has a completely different development philosophy. Kusama is a faster iterating, more experimental chain that acts as a "canary network"—a real value, live chain that allows for rapid development of the technology. He describes Polkadot as a revolution in blockchain technology, not just an evolution.
Recorded on January 21, 2021
Key Learnings:
- Polkadot enables faster innovation in blockchain technology by making it easier for people to build, secure, and connect blockchains.
- Kusama is a more experimental, faster iterating, blockchain utilizing similar technology as Polkadot.
- Wood believes that Polkadot is a bet against maximalism as he doesn't prescribe to the idea that there is a "best" blockchain or set of rules for a chain, but that different use cases require different types, and Polkadot enables this.
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