Co-founder and creator Gavin Wooden joined Bullish CEO Tom Farley on CoinDesk Highlight to debate the newest developments with the Polkadot protocol.

Gavin Wooden spoke about how he’s at present primarily centered on growing the following iteration of the Polkadot protocol, known as JAM Chain.

He additional explains that the brand new protocol builds on the foundations of each Polkadot and Ethereum, incorporating new concepts to create a extra generalized setting that, whereas not strictly a wise contract chain, retains the flexibility to safe blockchains like Polkadot does.

Elaborating on JAM Chain's capabilities, Wooden defined that whereas it shares some similarities with good contract environments, it’s designed to attain rather more through the use of Polkadot's underlying cryptoeconomic mechanisms to carry out a wider vary of duties.

Tom Farley tried to simplify the idea by asking whether or not JAM Chain could possibly be considered a layer 2 or layer 1.5 on high of Polkadot.

Gavin Wooden made it clear that the idea of layers will get difficult when discussing Polkadot, which is sometimes called a Layer 0 blockchain as a result of it secures different blockchains. He defined that if Polkadot is taken into account Layer 1, then JAM may be thought of to sit down beneath it and host the providers that safe these blockchains.

Wooden prompt that JAM supplies a general-purpose setting, not only a blockchain, that could possibly be categorised as Layer 1, and that providers working on high of JAM could possibly be thought of Layer 1.5. On this context, a blockchain secured by JAM could possibly be thought of Layer 2.

Polkadot builders mentioned JAM Chain's gray paper continues to be in growth, at present at model 0.3.4, with the objective of reaching model 1.0 by subsequent summer season, although they cautioned that this timeline is extra of a goal than a hard and fast deadline, as software program and protocol growth is inherently unsure.

Wooden elaborated that the longer term success of Layer-1 blockchains will depend upon their group and repair choices, relatively than small technical developments. He emphasised that Polkadot is designed to face out by pushing the boundaries of what’s potential, relatively than simply being a barely improved model of an current platform.

With JAM Chain, Gavin Wooden is trying to transcend the same old good contract mannequin utilizing Polkadot's know-how. He envisions a platform that permits builders to run common software program on the blockchain and get the safety and reliability of the blockchain with out the constraints of typical good contracts.

Because the dialog continued, Wooden delved into the path the blockchain trade is heading, noting that many initiatives are centered on short-term outcomes relatively than constructing one thing that may stay related years from now. Wooden feels that hype usually trumps substance, main folks to hurry to create and promote initiatives which are then handed round with out a lot precise worth.

Lastly, when requested about his relationship with Vitalik Buterin, Wooden defined that there isn’t a “dangerous blood” between the 2 regardless of their rivalry within the blockchain house. Whereas acknowledging that there’ll all the time be competitors, Wooden requires cooperation and mutual respect between the Ethereum and Polkadot ecosystems.