Polkadot – Vitalik’s Nightmare or a Blockchain Dream Come True?

While it is possible to make comparisons between almost any two blockchain development platforms, comparing Ethereum to Polkadot is almost inevitable. Not just on a technical level – they use a similar architecture and proof-of-stake consensus to achieve scalability – but because Vitalik Buterin and Dr. Gavin Wood also have a shared history in Ethereum.

Polkadot and Ethereum enter the final stretch of the runway for Chain Supremacy

The coming year will be a big year for both networks. Ethereum has rolled out a series of improvements ahead of the “merger” that will take place when the current Ethereum main chain joins the proof-of-stake Beacon chain. At this point, Ethereum will finally leave its proof-of-work consensus and switch completely to proof-of-stake. More upgrades are expected to follow as the network implements additional chains, or shards, connected to the Beacon chain, which aim to improve scalability.

While the timelines are somewhat fuzzy, it seems likely that Polkadot will reach its own next big milestone before the Ethereum merger takes place. ‘Parachain auctions’ are the process of awarding the first shard slots on Polkadot, a step that Kusama, Polkadot’s experimental ‘canary network’, has recently achieved.

Assuming it’s only a matter of months before Polkadot follows suit, we can expect the network to be fully operational before the end of this year, supporting a range of use cases.

A potted history

For their part, the two founders have always tried their best to point out that they are not competing with each other. But there is a lot of water under the bridge between Buterin and Wood. The pair are both core members of the team that co-founded Ethereum, with Dr. Gavin Wood invented the programming language Solidity and founded Parity Technologies, which has always been a major technology engine for Ethereum. Wood also founded the Web3 Foundation, which supports the development of Polkadot.

He left his position as Chief Technology Officer of Ethereum in 2015, after already proposing a new kind of infrastructure that would upgrade the newly launched smart contract platform into a more robust and scalable platform. Tellingly, Wood didn’t mention Buterin in his latest Ethereum blog post, despite checking several others.

While Wood and Buterin have kept quiet about the competition between the two projects, others have been more willing to speak out. Peter Mauric, Head of Public Affairs at Parity Technologies, recently addressed the comparison, commenting on Ethereum’s shortcomings and referring to the smart contract platform as a “proof of concept” that provided the training needed to build Polkadot.

Clash of Titans

After more than three years in development, Polkadot launched on mainnet last year. Although it will run without applications until the parachains are operational, the project has attracted a lot of interest, and not just because of its founder’s history. Polkadot offers the promise of true interoperability between applications running on different chains. Ethereum ETH is well known in the market.

While Polkadot has been in development, the Ethereum team has been working on a solution for Ethereum 2.0. There is no denying that the two platforms share many technological similarities. Both run on a variant of proof-of-stake. In the case of Ethereum, it is an open validator network where anyone can join with the required minimum 32 ETH wager. In Polkadot’s Nominated Proof-of-Stake, DOT holders can use DOT to nominate a validator.

There’s also the fact that both platforms use sharding to enable scalability, connecting sharded chains to a central chain responsible for network security. Ethereum 2.0 is also doing away with Solidity and the Ethereum Virtual Machine in favor of a web assembly language called eWASM. Despite Solidity being the brainchild of Gavin Wood, Polkadot is also built for standard web assembly languages. The critical benefit is that this opens up smart contract development to a much larger global pool of developers familiar with more common languages such as Go, Rust, and C/C++.

All of these similarities could, of course, be purely coincidental. For Gavin Wood, however, the fact that Ethereum 2.0 is very similar to his own creation should feel like some kind of justification.

On-chain versus off-chain governance

There may be a crucial difference between the two platforms. Although consensus us on-chain, governance has always been an off-chain affair for Ethereum. Seemingly in light of Ethereum’s experience with controversial hard forks, Polkadot has eschewed this model in favor of a forkless model of on-chain governance.

It is important to note that both on-chain and off-chain governance have their own pros and cons, so it will be interesting to see how these different approaches stack up against each other. Polkadot DOT is the new coin.

So two visionary founders, two ambitious roadmaps, two comparable platforms. However, there is one crucial difference. Polkadot has been developing from the ground up for five years, with the ability to meticulously build and test everything twice – once on the testnet and again in a live, experimental environment on Kusama. When Polkadot goes live with his parachains, it will be a clean start from the get-go.

While this is no mean feat, the Ethereum team arguably has a more difficult task ahead of them. To come up with an analogy, they have to turn the engine into a moving vehicle. It is this simple fact that explains why it can take seven years or more between the first Ethereum genesis and the final transition to proof-of-stake. It will take even longer for the network to reach a level of scalability that its supporters have been waiting so patiently for.

Who knows how much adoption on other networks will have accelerated by then?

In the end, no one can say what is going on in Vitalik Buterin’s head. But to use the vehicle analogy again, the idea of hopping into a box-fresh sports car should be more appealing than trying to pimp up an old jalopy while driving at full speed down the highway. And looking at Polkadot’s development, it would be hard to imagine Vitalik Buterin disagreeing.

What are the most important factors when looking for a new VPN on the market?

Every time you visit a website, you leave a trace behind, namely your IP addresss. This can be useful in many ways, for example when visiting an international website you automatically get to see the website in Dutch. Or in an online store the products are automatically filtered to products available in the Netherlands.

  • Nevertheless, the fact that your IP address is visible everywhere often causes more frustration than convenience. Lack of privacy is something that most people today are afraid of. And having your IP address tracked doesn’t help that, of course. Also, many people want to bypass geo-blocking in order to increase the amount of content on, say, Netflix.
  • It is however possible to hide your IP address and this can be done via a so-called VPN. In Dutch, this abbreviation stands for Virtueel Privénetwerk (Virtual Private Network in English). But what exactly is a VPN and how does this technology hide your IP address with a melhor VPN @ Globalwatchonline.br

This is how a VPN works in practice

You can hide your IP address in just a few minutes. You just need to download a VPN service and connect to an IP address provided by the service. Your traffic is then simply routed through another server somewhere in the world.

  1. A VPN service allows you to easily hide your IP address from third parties. This is done by tunneling your traffic, a technology that goes a step further than standard proxy servers. This makes it appear as if your traffic is going through a different IP address.
  2. In practice, you can compare it to calling someone else’s phone. For example, if you visit a site like Netflix, where the American content is blocked for Dutch users, but is connected to an American IP address, you get access to the content you want to see. Thus, it only takes a few minutes to hide an IP address and obtain a new one with a nordvpn avis @ globalwatchonline.fr

The best VPN’s to hide IP address

All VPN services can hide your IP address. However, it is worth noting that some VPN services record your activities. Therefore, it is important to choose your VPN carefully, and we have listed some of the best VPN’s below. Here are the top VPN services for the Netherlands:

What Are The Best Ways To Find Out All The Options For Trading In The Market? A Few Things To Reconsider!

So trading (in a trading market) seems like a great way to make money. But many who have gone before you will be left with less money and more knowledge, while never reaching their full potential. Most people who fail have one thing in common: they fail to master the basic skills needed to control the opportunities. Therefore, it is important that you take enough time to learn these skills. And before you know it, you’ll be making a lot of profit in the short term! So learn to act in the markets with skills and authority, based on the following four basic concepts:

#1 Know yourself

Take a good look at your relationship with money. Do you see life as a struggle, and does it take a lot of effort to earn every single penny? Do you believe that your personal appeal will generate wealth in the marketplace just as easily as in other aspects of your life?

Even more confronting: have you regularly lost money through other activities, and do you hope the market will tackle you more with silk gloves? Whatever you believe, the market is likely to amplify this belief through profits and losses. Hard work and charisma both yield financial success, but losers in other areas of life are also likely to turn out to be losers in trade. But rest assured: learn about the relationship between money and self-worth. And don’t take the next step until you’ve got your head right. Source: www.commoditytradealert.com

#2 Provide knowledge

Read as many books as possible about trading and the market, and browse the web for tutorials. trade6But don’t focus too much on one side of the trade. Instead, study everything that has to do with the market, including ideas and concepts that don’t even seem relevant at the time. Your broad and detailed market background will come in handy again and again. Make monitoring the market and trade a permanent part of your activities. Get up early and read about price changes on (foreign) markets, check the websites. Make sure you keep busy with the market.

#3 Learn how to analyze

Also study the basis of technical analysis, and look at price table after price table, in all kinds of timeframes. Maybe you think fundamental analysis is more profitable because it tracks growth curves and revenue streams. But traders swear by price actions that are sharply shaped by underlying fundamentals. So just read those spreadsheets of your company, this offers a trading advantage over people who ignore them. Check out the following website to discover options in countries with a few brokers in Chile at C-TradeAlert.CL

#4 Learn to predict

Your experience with charts and technical analysis will take you into the magical world of price forecasting. Theoretically, effects can only increase or decrease, and can encourage long term trading or short sales. In reality, prices can still fluctuate a lot, which scares buyers and sellers.

Time becomes an important factor in this. The financial markets produce trends and trading ranges with geometric properties that induce independent price changes at short-term, long-term or interim intervals. This means that an index can simultaneously produce a long-term uptrend, an interim downtrend and a short-term trading range. But instead of making a difficult prediction, most trading opportunities show themselves through interactions between these time intervals. Buying stocks that have just dropped in price is a good example of this. Traders are throwing themselves into a strong uptrend when the product sells during a lower period of time.

Most Beautiful Lakes In The World

The nature has blessed this world with many breathtaking places,the scenic landscapes, splendid mountains, appealing green lands, magnificent oceans and beautiful lakes are the surprising beauty of nature. While the world is full of stunning sights you can see are found in nature, such as gorgeous canyons, mountains, waterfalls and even coral reefs. These lakes, in particular, are some of the most spectacular in the world.

The costs of care also continue to increase every year, this is due to expensive medication that is provided, but also to the fact that, according to the collective bargaining agreement negotiations, wages have risen sharply. These costs must, of course, be recouped somewhere.

  • The government has already indicated that it wants to make the higher incomes pay more. Whether this will soon be the case by means of the income-related contribution that you pay either via wages or via the tax authorities if you are an entrepreneur. This is not known at the moment and will possibly provide more clarity in the coming weeks.
  • Once again, this increase relates to the nominal premium; the healthcare insurers may choose to use their own reserves more to reduce the increase. Eventually we will know one week after Prinsjesdag what the premium of healthcare insurer DSW will be and a few weeks later the other healthcare insurers will follow.