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Real Vision: Finance & Investing

Polkadot: A Bet Against Maximalism(w/ Gavin Wood)

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.11.1K Ratings

🗓️ 10 March 2021

⏱️ 71 minutes

🧾️ Download transcript

Summary

Crypto Wednesday: Gavin Wood, co-founder of Polkadot and co-founder and CTO of Ethereum, joins Sebastian Moonjava, Real Vision associate crypto editor, to discuss Polkadot, Kusama, and the evolving crypto landscape. Wood explains that Polkadot was created to enable faster innovation in the blockchain space, reducing the amount of work necessary to start and secure a new blockchain and connect it to others. He describes Polkadot as a layer 0 technology, a meta protocol, that is more abstract and flexible than Bitcoin and Ethereum. Wood also talks about Kusama, which utilizes the same kind of technology as Polkadot but has a completely different development philosophy. Kusama is a faster iterating, more experimental chain that acts as a "canary network"—a real value, live chain that allows for rapid development of the technology. He describes Polkadot as a revolution in blockchain technology, not just an evolution. Recorded on January 21, 2021 Key Learnings: Polkadot enables faster innovation in blockchain technology by making it easier for people to build, secure, and connect blockchains. Kusama is a more experimental, faster iterating, blockchain utilizing similar technology as Polkadot. Wood believes that Polkadot is a bet against maximalism as he doesn't prescribe to the idea that there is a "best" blockchain or set of rules for a chain, but that different use cases require different types, and Polkadot enables this. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hello, Real Vision people. This is Sebastian Moonjava. And today I have a very special guest, Gavin Wood.

0:19.6

He is the founder of Parity, Polkadot, Web3 Foundation, and Ethereum. I am so glad to have you

0:26.1

here, Gavin. How are you doing?

0:27.9

I'm doing well. Thanks.

0:30.8

Let's start off with a little bit about your background, getting into crypto in the first

0:35.9

place, and then maybe a little bit about your experience with Ethereum.

0:41.2

Sure. You want me to kick off?

0:43.2

Yeah. Yeah. Tell us a little bit about yourself, your background, how you even got started in the

0:47.3

space. All right. So I, it's a long story. I went to university. I did like a PhD in

0:54.9

computer science, but I was always super into things like game theory, a little bit of social

1:04.3

science, political science. This was always kind of on the back burner, generally sort of pub

1:09.1

conversations, but quite in depth ones. I kind of noticed this thing called Bitcoin back in,

1:15.0

like 2011 or something, but I only actually sort of took a deep look at it into it in 2013.

1:22.7

And around the same time, I was actually doing a start-up with an old friend,

1:30.4

software for lawyers, so to help lawyers do their author their contracts,

1:37.3

dumb contracts, paper contracts. And towards the end of 2013, I got talking to a few people in

1:43.6

the Bitcoin community in London, quite regularly. One of the people I met was Vitalik,

1:48.8

who was, who had just done this like initial white paper for this thing called Ethereum.

1:54.8

And, you know, I was kind of looking for a little gig on the side. So I said, yeah, sure,

2:00.4

I'll code it up for you. And yeah, Ethereum sort of took off quite a lot into 2014 and 15.

2:10.1

So I was the CTO, the initial CTO for Ethereum Foundation. And it was sort of basically down to me

2:17.3

to make sure the thing actually launched, which it did, happily, mid-2015.

...

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