Parity says Polkadot is the only blockchain protocol that conforms to revolutionary law, according to Head of Public Affairs Peter Mauric, as we can see more in today’s latest crypto news.
Peter Mauric, Head of Public Affairs at Parity Technologies, said Polkadot is the only protocol that fits into the bill of a blockchain project that offers improved scalability, security, usability and speed. He pointed out that the benefits of this blockchain are stronger than Ethereum and talked about the project’s parachains. Since the network’s official start in 2020, three years after the ICO with the forked heterogeneous protocol, acceptance has increased significantly.
In addition to the price increase of DOT in its native token, the blockchain infrastructure has become the best place for countless crypto-related projects like stablecoins and DeFi. Mauric describes this dramatic demand as “everyone is preparing for another revolution and polkadot is the only protocol that fits the bill”. As a protocol that is in some ways close to Ethereum, Mauric talked about a comparison between the two, but claimed that there are big differences too:
“All we’ve seen since Gavin (Wood) and the team launched Ethereum is an iteration on single-chain linear smart contract platforms and Polkadot isn’t.”
As the face of Parity says, Polkadot is the only blockchain protocol that complies with the revolutionary bill and also works on the Ethereum blockchain as it is aware of its shortcomings, adding:
“It has always been a proof of concept of the technology, […] We learned a lot from this experience and made these improvements in Polkadot. “
According to him, one of the upgrades is a better approach to scalability as Polkadot has the power to manage representative stakeholders in the chain, which ETH doesn’t plan on. Polkadot has been developing parachains for about a year due to some issues on another network. Parity has outlined plans to create new forms of parachains to improve asset delivery, lower fees, and improve the user experience. Mauric described it as the next generation of the Layer-One blockchain protocol and explained that the relay chain is not a single, but a meta-protocol, but a layer below the Layer-0 parachain network:
“Parachains can be linear monochain smart contract protocols like Ethereum, Tezos, Solana or Cardano. These can be UTXO transfer chains such as Bitcoin or Zcash, or they can focus on optimizing certain infrastructure elements such as oracles, forecast markets or stablecoins. “
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