(BlockBar) Gavin Wood says Polkadot is expected to open public offerings this year with a 40% share.
Gavin Wood is the founder of Polkadot, fore-CTO of ETF. He reveals that Polkadot’s main network will be launched in mid-November or January next year. He said that he would release 40% dots for public offering as promised. Before that, a lot of experiments will be done on the test network Kusama. But Gavin says that Kusama is not a test network, but a canary network, where 100,000 Polkadot tokens dots are allocated.
“The Canary network is a low-value network, but it still has enough economic value to show that the token economy can work. If we think of it as a worthless network, no one will really use it.” Gavin said that they wanted users and developers to actually use the network. Otherwise, there is no way to really know how Polkadot will work in such an environment. “We really want to see how Polkadot works, including applications, governance, consensus, and even attacks. We want to run Polkadot in a semi-real environment.”
Gavin said, “It’s a block chain platform, but it’s different from the traditional block chain platform. Bitcoin settles payment. ETF is a smart contract. We want other block chains to do what they want to do and to create everything for everyone. We are not trying to connect existing platforms, but to provide an innovative platform. Cross-chain is only one of the basic functions of our platform, but this is not our goal.”
In order to provide developers with enough developing tools, we need to provide enough functionality and flexibility.” Polkadot provides developers with the option of sharing security. If a block chain is developed with the substrate framework, developers can choose any consensus algorithm, and the framework can be more easily connected to Polkadot. Developers can use Polkadot to do what they want to do. Each fragment can interact with Polkadot, and they can send other messages except for token. The specific way may be to issue Kusama token, and then a certain number of Kusama token can be converted to a certain number of dots. Howvever, we haven’t decided a concrete conversion rule yet.
He said that Polkadot and ETF do have the similar points in technology: they are fragmented block chains, and their application scenarios are similar. And both of them have fuel costs. However, there are also many differences between them, including consensus algorithm, structure, intelligent contract operation logic and so on.
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