co-founder and creator Gavin Wooden joined Bullish CEO Tom Farley on CoinDesk Highlight to debate the most recent developments within the Polkadot protocol.
Gavin Wooden mentioned his present focus, which is totally on creating the subsequent iteration of the Polkadot protocol, known as JAM Chain.
He additional explains that this new protocol builds on the foundations of each Polkadot and Ethereum, incorporating new concepts to create a extra generalized setting that’s not strictly a sensible contract chain however retains the flexibility to safe blockchains like Polkadot does.
Wooden elaborated on JAM Chain’s capabilities, explaining that whereas it shares some similarities with good contract environments, it’s designed to do way more, utilizing Polkadot’s underlying crypto-economic mechanisms to carry out a broader vary of duties.
Tom Farley tried to simplify the idea by asking if JAM Chain might be regarded as a Layer 2 or Layer 1.5 on Polkadot.
Gavin Wooden clarified that the idea of layers turns into complicated when discussing 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 under it, internet hosting providers that safe these blockchains.
Wooden advised that JAM might host extra than simply blockchains, providing a general-purpose setting that might be categorized as Layer 1, with providers working on JAM thought of Layer 1.5. On this context, blockchains secured by JAM might be thought of Layer 2.
Polkadot creator talked about that the grey paper for JAM Chain remains to be in growth, presently at model 0.3.4, with the aim of reaching model 1.0 by subsequent summer time. Nonetheless, he cautioned that software program and protocol growth are inherently unsure, so this timeline is extra of a goal than a set deadline.
Wooden elaborated that the longer term success of Layer 1 blockchains will hinge extra on their communities and repair choices than on minor technological developments. He careworn that Polkadot was designed to face out by pushing the boundaries of what is potential, not simply by being a barely higher model of present platforms.
With JAM Chain, Gavin Wooden needs to push past the standard good contract mannequin by utilizing Polkadot’s expertise. He imagines a platform the place builders can run common software program on a blockchain, getting the safety and belief of blockchain with out the standard good contract limitations.
Because the dialog continued, Wooden delved into the place the blockchain trade appears to be heading, mentioning that too many tasks are targeted on fast wins quite than constructing one thing that may nonetheless matter years down the street. He feels that hype typically takes precedence over substance, with individuals dashing to create and promote tasks, just for them to be handed round with out a lot actual worth.
Lastly, when requested about his relationship with Vitalik Buterin, Wooden defined that there was no “unhealthy blood” between them regardless of their aggressive positions within the blockchain house. Whereas acknowledging that there’ll at all times be some competitors, Wooden requires collaboration and mutual respect between the Ethereum and Polkadot ecosystems.