Ethereum has been hailed as the world’s computer where Polkadot has positioned itself as the future of the Internet with a keen eye on connectivity. As a protocol, it enables the transference of data and does not intend to be token-centric. The blockchain’s ethos of shared resources, open-source-on-steroids if you will, is not a battle for chain domination. Rather it is a global undertaking that preaches interoperability; cooperation above competition. Building a true multi and cross-chain landscape replete with registries and computation is indeed high-minded. It is borderless and seeks communication between the public and private blockchains; the permissioned and the permissionless—once considered streng verboten.
Polkadot endeavors and dares to build applications whereby permissioned aspects of a private blockchain can be made for use on a public blockchain. The application speaks to authenticating contracts where nearly anything is transparent and tamper proof.
Such a world wide web can truly wrest authority from the governing bodies of this world and create a level of fairness that has been glimpsed only in theory.
In their own words, “Polkadot is built to connect private and consortium chains, public and permissionless networks, oracles, and future technologies that are yet to be created.” The Polkadot vision of the internet is where Polylastic intends to reside as accurate price feeds, transparent and uncensored information will lead the way, not just for us, but for many financial services. Certainly, Ethereum is resource rich and the “Godfather” so we must pay tribute and bloom where we are planted. The future, however, is the exchange of information between independent blockchains transactions trustlessly and we believe the Polkadot relay chain provides an ideal solution.
Dot’s mission critical is to connect services, Dapps and entities to foster growth, enable ever improving solutions and ultimately to “free society from its reliance on a broken web where its large institutions can’t violate our trust.” As an aggregator which shores in the untamed world of EFi across a wide swath of terrain, we believe PolkaDot is where the future lies.