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Scalability and interoperability are two of the main issues facing blockchain protocols today. In a future in which entire industries and economies rely on distributed technologies, it is unclear how blockchain networks will support massive amounts of data, and exchange transactions in a trusted way.
Peter Czaban, co-founder of Polkadot, joins us as we dive deep into the Polkadot Network. Polkadot is a heterogeneous multi-chain network, consisting of many connected chains (or parachains), all of which have their own set of features and characteristics. Transactions flow across chains, while Polkadot ensures the global security and consensus of the network, forming an ‘Internet of Blockchain networks’. Scalability is achieved through the parallel processing of transactions on the different parachains.
Topics covered in this episode:
Peter’s background and his role at Parity technologiesWhat is the Polkadot project and what problems it is addressingHow Polkadot handles the issue of scalingThe different components of the Polkadot NetworkThe various players in the networkThe consensus model used in PolkadotThe types of applications Polkadot would enableThe Web3 Foundation and its goals Episode links:
Polkadot Website Polkadot Pre-Sale Website Polkadot Community Chat Aura Consensus This episode was hosted by Meher Roy & Sébastien Couture, and is availble on YouTube, SoundCloud, and our website.
