Most Influential 2021: Gavin Wood

Following the first batch of parachain auctions, Polkadot will solidify its place as a key proof-of-stake blockchain.

AccessTimeIconDec 8, 2021 at 5:33 p.m. UTC
Updated Dec 13, 2021 at 8:10 p.m. UTC
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Polkadot, the proof-of-stake blockchain Gavin Wood built after co-founding the world’s largest blockchain Ethereum, is gearing up for launch. Designed as a scalable blockchain that addresses the fundamental flaws in Ethereum 1.0′s architecture, Polkadot leverages a network of parachains (or parallel blockchains) that can run their own assets and ecosystems while maintaining interchain interoperability. Many of Polkadot’s foundational projects are set to go live this month, following a series of closely watched parachain auctions.

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(Kevin Ross/CoinDesk)


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