Web3 Summit Pt.2: Buidlers and Toolboxes Date: in: Uncategorized 2 Views
The first day of discussions at the Web3 Summit outlined many of the features of the emerging, platform, and incoming iterations of the Internet. It offered a slew of analogies to help attendees grok the implications of decentralization and blockchain technology. It was above the protocol and provided the spiritual optimism for the entire landscape. Day two, was similarly inspiring, but in a much different way. The curation of presentations brought the headiness of correcting Web2’s errors to a concrete end: Programming.
Gavin Wood Explains Substrate
The developer-heavy talks opened with an explainer from one of the Ethereum co-founders Gavin Wood. After his workings with Buterin and the launch of the second largest blockchain project in the space, he took up arms at Parity Technologies and through Polkadot.
The focus of this project was to provide the greatest amount of interoperability between as many blockchains as possible. Sponsored Links
In his presentation, Wood described any kind of crypto-specific maximalism as the “nationalist equivalent of the blockchain.” He went as far as to explain that Polkadot is even trying to avoid any accidental barriers unforeseen pre-deployment. “Even if one chain is ‘perfect,’ it won’t stay that way for long,” he concluded. The phenomenon to which Gavin refers is real, but it is unrelated to maximalism. Technical & social limitations ensure that no distributed consensus network can be everything to everyone. The philosophy of maximalism is descriptive, not prescriptive.