Gavin Wood, co-founder of Ethereum (ETH), one of the pioneers of the blockchain world, shared his views on the future of Polkadot (DOT), which left behind a successful year in terms of both price and project developments.
Ethereum (ETH) co-founder Gavin Wood shared his analysis of the cross-chain interoperability protocol Polkadot (DOT), which he founded in 2016, in a new blog post.
“The year 2022 is the beginning of our next chapter in the story of Polkadot. As more parachain teams win auctions and join the Polkadot party, we will see the possibility of hyperlinking at scale under one umbrella of security that Polkadot provides. More than 150 chains serving various purposes are in development. Also We are launching decentralized bridges that we look forward to, the pair's bridge that will connect Polkadot to Kusama, and then Snowfork's bridge that will connect Polkadot to Ethereum."
Ethereum co-founder Wood said that Polkadot intends to optimize its core code as well as reduce network costs and reduce latency issues.
“Our goal with this is to allow each of Polkadot's parachains to move upward towards our goal of 1,000 sTPS per shard [standard transactions per second]. Beyond that, the Polkadot team's efforts will focus on the parathread feature, and the teams that didn't win the auction will have Polkadot-guaranteed security. "
Ethereum co-founder and Polkadot founder also highlighted his commitment to drive scammers away from the crypto space.
“In 2021, people from the Web3 Foundation and Parity Technologies came together to form the Anti-Scam team, determined to end the free reign of scammers and make Polkadot a safe ecosystem for its stakeholders. Additional 130 from the Polkadot Treasury and the Web3 Foundation to combat fraud. Thousands of dollars spent. Over the year, close to a thousand sites and other scams were shut down overall, with more than 460 community-identified scam sites. The phishing repository, a comprehensive list of sites and addresses involved in phishing and scams, now has more than 2,300 2022 will see the evolution of the Anti-Fraud Community Initiative to encompass much more than just phishing sites, become community-driven, collaborate with other ecosystem projects and teams, and lay the foundations for an on-chain and decentralized anti-fraud campaign.”
Ethereum co-founder Wood ends his blog post by highlighting Polkadot's successful fundraising initiatives over the past year.
“Our ecosystem continues to grow rapidly from an investment perspective as well – we estimate it now consists of around 350 teams (that's 250 more than last year's estimate). During 2021 alone, around 50 of them together raised over $670 million in early-stage financing.”