Dr Gavin Wood, the creator of Polkadot, made a ground-breaking revelation about his ambitious aspirations to build a global supercomputer on the Polkadot network. The announcement was made during the recent Polkadot Decoded conference when Wood highlighted the vast potential of Polkadot and outlined its key features.

Because of the scattered and incompatible nature of the current internet infrastructure, Wood sees Polkadot as a worldwide supercomputer. He asserts that a decentralized network with seamless data sharing and connectivity between various blockchains and networks is what the future holds.

Wood emphasized the need for a platform to unite specialized blockchains into one cohesive network. He stated, “Polkadot aims to create a scalable and interoperable platform where different blockchains can communicate and share information, essentially creating a global supercomputer.”

Several crucial aspects could help Polkadot take over the market. To begin with, its distinctive architecture enables the effortless movement of any data or asset across several blockchains.

Polkadot emphasizes the underlying resources needed to communicate and interact between chains rather than concentrating simply on chains. Polkadot is a platform for developers to create applications for people, not simply a platform for hosting chains, according to Wood.

And then, of course, the resilience of Polkadot is a key feature. Even though the word “unstoppable” has been used to characterize blockchain networks, Wood thinks the word “resilience” is more accurate and better describes Polkadot’s capacity to withstand attempts to interfere with how it is supposed to work. Polkadot ensures the network’s integrity by offering resilience against the corruption of purpose.

In a broader sense, Polkadot functions as a provider of highly resilient general-purpose computation. Wood compares it to a modern multicore computer, where each core runs separately and simultaneously. These cores, referred to as parachains, operate on Polkadot constantly. He revealed plans to go from a roughly 50-core CPU to 500 or even 1000 cores, giving the network more computational power.  

Polkadot’s cores have characteristics in common with central processing units (CPUs), including bandwidth, compute power and latency. The quantity of data processed per second, or bandwidth, is now believed to be around 1 MB. The Geekbench 5 benchmark rates a core’s processing power at about 380. Additionally, there is a 6-second lag between each subsequent chunk of work.

Polkadot’s promise, meanwhile, goes beyond holding parachains in place. Wood considers the feasibility of directly executing smart contracts on Polkadot cores. Although this implementation is not immediately available, it highlights how flexible and all-encompassing Polkadot’s computational capabilities are. Developers may run complex logic and keep a lot of state by utilizing Polkadot’s cores’ power and bandwidth, outperforming the limitations of conventional smart contract platforms.

Furthermore, Polkadot uses a relay chain and parachains structure to guarantee excellent scalability and security. Parallel processing and higher transaction throughput are made possible via parachains, which are separate chains that link to the primary relay chain. Thanks to this design, Polkadot can manage many transactions at once, making it appropriate for enterprise-level applications.

Additionally, the governance structure of Polkadot is intended to be open and democratic. It makes the platform fair and inclusive by enabling token holders to participate in decision-making. This decentralized governance strategy complies with blockchain technology’s guiding principles and offers a robust and secure framework for developing the Internet.

Dr Gavin Wood has further cemented Polkadot’s reputation as a pioneer in the blockchain sector by revealing the platform’s concept for a global supercomputer. The blockchain ecosystem is a strong candidate for the future of decentralized apps and services due to its distinctive architecture, scalability, and democratic governance approach. Polkadot’s concept has the potential to transform the internet as we know it and bring in a new era of frictionless communication and cooperation across blockchains and networks as the world progresses toward a more connected future.

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Filed under: Bitcoin - @ July 9, 2023 7:22 pm