FUJAN CRYPTO REPORTS
Whitepaper
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Addressing existing technology stacks
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Existing blockchain technology doesn’t have the capacity to run the amount of transactions necessary to fulfill the promise of a decentralized world
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Existing blockchain governance is focused on proof of work vs proof of stake, incorrectly rewarding the few at the expense of the many
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Blockchain networks exist in isolation with no communication or interoperability between them
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DApp creation is limited by the lack of integration opportunity, which exists because there is neither scalability nor interoperability in the ecosystem
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Blockchain has not yet bridged the gap from core technology to actual applications
Polkadot is a network that connects blockchains
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Problems trying to solve
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Interoperability
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Scalability
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Shared Security
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Interoperability
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Polkadot is designed to enable applications and smart contracts on one blockchain to seamlessly transact with data and assets on other chains
Scalability
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Polkadot gives the ability to run several parachains, each processing multiple transactions in parallel, which allows networks to obtain infinite scalability
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Shared Security
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With Polkadot, security is pooled within the network, which means that individual chains can leverage collective security without having to start from scratch to gain traction and trust
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The Breakdown
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Polkadot is a heterogeneous multi-chain technology
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Relay Chain – Coordinates consensus and transaction delivery between chains
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Parachains – Constituent blockchains which gather and process transactions
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Bridges – Link to blockchains with their own consensus such as Ethereum
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Polkadot Network Participant Roles
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Validators – Secure the relay chain by staking DOTs validating proofs from collators and participating in consensus with other validators
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Nominators – Secure the relay chain by selecting good validators and staking DOTs
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Collators – Maintain parachains by collecting parachain transactions from users and producing stat transition proofs for validators
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Fishermen – Final security frontier, they monitor the network and prove bad behavior to validators
A Core Building Block
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The Dot
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Governance – All privileges, which on other platforms are exclusive to miners, will be given to the relay chain participants (DOT holders), including managing exceptional events such as protocol upgrades and fixes
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Operation – Good actors are rewarded by this mechanism whilst bad actors will lose their stake in the network
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Bonding & Payment – New and Old parachins are added and removed via vonded tokens (PoS)
Roadmap
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Team
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No Information
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Partners & Backers
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ZCASH
Soramitsu
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Makoto Takemiya and Ryu Okada; hereafter, "Soramitsu") has announced today the open sourcing and proposal of a distributed ledger technology (blockchain) platform called "Iroha" to the Hyperledger Project, an open source Linux Foundation collaborative project for the enhancement of blockchain and distributed ledger technology
Colony
OmiseGo
Symbiont
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In August 2017, Delaware passed a law that the start-up Symbiont helped write, recognizing blockchain as an acceptable form of record-keeping for Delaware-registered corporations. They can now issue shares and track ownership records using Symbiont blockchain technology. Symbiont is a four-year-old start-up, based in New York City. It builds blockchain platforms for financial-services clients.
Grid Singularity
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Exergy, a brand of LO3 Energy, has become an affiliate of the Energy Web Foundation, the company announced Tuesday. Energy Web Foundation was started by the Rocky Mountain Institute and Austria-based Grid Singularity to create a network testing applications for eventually creating a core blockchain infrastructure.
Waves
Ownage
Melonport
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The Swiss blockchain start-up Melonport has taken a step further towards launching its decentralised portal for trading tokenised financial assets without the need for intermediaries. It has opened its doors to well over 100 funds to test its software under live conditions.
Articles
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https://medium.com/polkadot-network
The Thiel Foundation announced the 2018 class of Thiel Fellows, and Parity’s own Robert Habermeier has been selected as a recipient. The 20-year-old Washington D.C. native will receive $100,000 over the next two years to further the development on his current project Polkadot, as well as mentorship from the foundation’s large network of entrepreneurs, inventors, and scientists.
This blog post will illuminate how Polkadot solves these problems with a multichain framework that allows for stand alone blockchains or hosted blockchains, that we call parachains, to interoperate.
https://www.coindesk.com/internet-blockchains-project-polkadot-launches-first-proof-concept/
Developed by Gavin Wood, an ethereum co-founder and the founder of Parity Technologies, the technology aims to allow chains to communicate with each other, while also facilitating upgrades automatically without system-wide upgrades or hard forks.
https://www.coindesk.com/polkadots-radical-plan-governing-blockchain-blockchains/
"This initial proposal for Polkadot governance definitely tries to address the shortcomings of many existing chains, which ended up with community deadlock or continuous splits," Peter Czaban, director of the Web3 foundation, which sponsors the research and development of Polkadot, told CoinDesk.
As of the weekend, Polkadot launched first the private sale for its token sale, and then on Sunday, its public sale. In this private round, it raised $83m Swiss Francs. As of Tuesday lunchtime in Europe, that, plus the public round had raised the equivalent of $140m in Ethereum (over 429,000 Eth). The sale is ongoing.
Steiner was the debut speaker today at TechCrunch Sessions: Blockchain here in Zug, Switzerland, where a light drizzle created an … Ethereal mist amidst the scenery. Speaking to a sellout crowd, Steiner discussed the state of the blockchain world and how she is working to evolve it for more diverse applications.
Videos
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https://www.youtube.com/channel/UCB7PbjuZLEba_znc7mEGNgw/videos
Polkadot
https://www.youtube.com/watch?v=wq1fXPLktUQ
Jackson Palmer
CoinCheckUp
Conclusion
I would give Polkadot a C+ rating. I think they have a great idea that is being researched by multiple companies. The biggest downside is we do not know much about the team. They do not post it on their website and other then a bit of research about CEO there is nothing else to prove that this project can be successful. I am a risk taker but only when I know all of the information, not knowing much about the team is a very big concern and until I learn more I will not invest a single dime. However I have missed things before so if anybody has information on where we can find the team I will be happy to change my perspective. The partners are all great, and there are some interesting articles written about them. This seems like a solid project, but without knowing the team I cannot in good conscious give this a good rating.
