Héctor Bulgarini, consultant and developer at Parity Technologies, said that until now “building a blockchain from scratch had a level of complexity.” “Substrate is a tool for programmers who want to make their new blockchains in which everything is solved. For example, instead of building an X protocol, they build their own cryptocurrency “ or specified “instead of putting together small contracts, one puts together his own blockchain that can connect it to the Polkadot and Kusama network.”
Thus, he explained that this work scheme “is much friendlier” for “more specific use cases” because “the teams only focus on developing their use case.” Bulgarini differentiated it from other current systems: “One can build a decentralized social network in Ethereum but today it has very high costs because in order to connect that social network with other networks you have to go through bridges that are expensive.”
And what expectations will this new technology bring? According to Héctor Bulgari we are one step away from the “decentralized internet”. “Today the main Internet players are social networks, news, financial institutions,” he assured and completed: “For example, an application such as Orders already has an Internet provider and is hosted by Google, or Amazon.”
Let’s remember that a little over a week ago, several social networks such as Instagram, WhatsApp or Facebook fell. In this regard, Bulgari assured that this with a decentralized internet system would not happen again. “A protocol of that style could be replicated (that emulates these social networks) but that no one owns the processing data”he added.
How does interoperability work? Bulgari provided several examples: “Parachains that are blockchains built by programmers connect to Polkadot. Then I can make a DeFi blockchain that connects to a similar one and that shares liquidity. And in turn, that one connects to another, but from social networks. As is now the case with Twitter and tips with Bitcoin but accessing privately. All this is coordinated by Polkadot ”.
Although today there are already bridges between the different blockchains “they are centralized by companies; with Polkadot you can do it in a decentralized way”, explained the developer at Parity Technologies and also clarified why it is cheaper in this network: “In Ethereum everything runs in the same thread of execution. It is as if there was a single highway with a lane and a single toll. And that toll charges you more and more expensive if there are more cars. Now imagine that you add more lanes and put more. tolls. Each Parachain would be like a new toll. “
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