Gavin Wood, founder of Ethcore, recently renamed to Parity Technologies Ltd, has published a paper presenting Polkadot, a new network that aims to provide interoperability between private and public blockchains.
The concept is somewhat similar to sidechains, but sidechains “are pretty much limited to token transfers for now,” says Peter Czaban from Ethcore. On the other hand, “Polkadot handles canonicaliztion of the parachains and enables rich communication” – he added. Moreover, according to the paper, each sidechain requires its own security while Polkadot aims to provide “pooled security across chains,” according to a public statement by Gavin Wood.
Read More: https://www.cryptocoinsnews.com/network-connects-public-private-blockchains/
Topic: [2016-11-17] This Network Connects Public and Private Blockchains (Read 227 times)
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