Developed by Ethereum co-founder Gavin Wood and Web3 Foundation\u2019s Technology Director Peter Czaban, Polkadot may become a major competitor to mainstream projects like Bitcoin and Ethereum. The core mechanism of Polkadot enables a user-friendly decentralized web, seamlessly connecting all blockchain networks.According to a report by Outlier Ventures, the number of monthly active developers on Polkadot\u2019s network increased by 44%, while many of the protocols recorded negative developer activity. EOS and Bitcoin Cash, for example, dropped by 80% and 60%, respectively, in terms of monthly developer activity. In the meantime, the current crypto and altcoin leaders, Bitcoin and Ethereum marked a little less than 20% in developer activity decline.With developer activity across the industry leaders declining, Polkadot aims to connect independent blockchains into a unified worldwide ecosystem. The problem with blockchain interoperability comes as private blockchains, oracles, public and permission-less networks tend to work without connections between them. Polkadot would serve as a bridge for decentralized apps, services, and institutions.Polkadot\u2019s developers, however, don\u2019t rely on smart contracts. Instead, they can utilize their own blockchain, and choose preferred transaction speeds and costs. The feature is suitable for projects, which can\u2019t run with smart contracts infrastructure.\u201cWe are going to see a lot of different innovative products that can\u2019t exist in a smart contract environment. Game blockchains, ensuring gamers don\u2019t cheat. Blockchains within consortia. They are difficult to deploy in a smart contract environment,\u201d Gavin Wood noted.Dan Morehead, founder of Pantera Capital Management noted that Polkadot is trading at a tenth of Ethereum\u2019s value, as of press time, but has the chance to become a strong competitor to ETH. Furthermore, Polkadot\u2019s developers announced that their platform would add support for wrapped Bitcoin in the first months of 2021. The move comes as a direct competition to the wrapped Bitcoin on Ethereum\u2019s blockchain, which currently\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Developed by Ethereum co-founder Gavin Wood and Web3 Foundation\u2019s Technology Director Peter Czaban, Polkadot may become a major competitor to mainstream projects like Bitcoin and Ethereum. [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/2434"}],"collection":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/comments?post=2434"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/2434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/media?parent=2434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/categories?post=2434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/tags?post=2434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}