Polkadot founder Gavin Wood: Decentralization shouldn’t ‘cut corners’ in favor of scalability

 

In a keynote speech at this week’s Wanxiang Blockchain Global Summit in Shanghai, Polkadot (DOT) founder Gavin Wood broke down the four key advantages of the substrate parachain platform, as he predicted that non-decentralized applications will be facing increased regulatory pressure in the future. 

The network’s heterogeneous multichain architecture approaches fruition, with Polkadot’s first parachain slot auctions set to begin in November, as Wood reflected on other upcoming milestones within the substrate ecosystem.

The Polkadot founder noted that a relay-to-relay chain bridge between the two value-bearing networks, Polkadot and Kusama (KSM), is expected to be operational before the end of this year while bridging between the underlying parachains is on the roadmap for the early months …