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Parity chief marketing officer Peter Ruchatz discusses the ins and outs of Polkadot’s focus on interoperability at Token2049.
Smart contract blockchains have played a pivotal role in creating wide-ranging functionality after the advent of Bitcoin in 2009. Ethereum led the way in this regard, but innovative technology stacks like Polkadot have brought a new paradigm to the sector.
It’s been just less than a year since Polkadot’s Relay Chain went live in December 2021, and the platform’s ecosystem continues to grow as interest in Web3 increases across the world. Polkadot shares an intrinsic link to Ethereum given that its creator Gavin Wood played a role as a co-founder of the preeminent smart contract platform some seven years ago.
Cointelegraph explored the burgeoning Polkadot ecosystem in a wide-ranging conversation with Parity Technologies chief marketing officer Peter Ruchatz during the Token2049 conference in Singapore in September 2022. From inception to its growing use cases, the parachain-pioneering Polkadot ecosystem suggests that blockchain technology will continue to evolve through interoperable systems.
As a starting point, Ruchatz agreed that Polkadot and its older proof-of-stake (PoS) siblings Ethereum and Cardano are in a state of harmony, co-existing despite providing similar blockchain-based use cases to decentralized applications (DApps) and projects running on their infrastructure.
Ruchatz highlighted the disruptive nature of the fundamentally new technology which would influences various industries, drawing parallels to ho
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