At the first Polkadot Decoded community conference on December 3, Robert Habermeier , the co-founder of Polkadot, shared a “decrypted parachain “ , deciphering all aspects of parachain technology and the latest development of parachain development. Here are some key points that PolkaWorld summarized from Robert’s sharing.
Decrypt Parachain
Parachain will subvert the existing blockchain technology
Parachain is the master of the development of blockchain in the past ten years, whether from a technical point of view or a conceptual point of view.
Parachain will overturn all existing blockchain technologies, especially layer 1 blockchains, such as Bitcoin, Zcash, and smart contracts. Parachain has the advantages of layer 1 blockchain and smart contracts , such as autonomy, endogenous security and professionalism.
Parachain is the core of Polkadot’s execution
The relay chain and Kusama are more like meta-protocols, and the actual logic actually runs on each parachain.
There can be many types of parachains
There are many types of parachains, such as those with coins, those without coins, those specializing in a certain field, and the hub chain serving a certain community.
Parachain will share some of the functions of the relay chain
The current relay chain assumes many functions. Later, some of the functions of the relay chain, such as staking, governance, and transfer, can be delegated to the parachain, and the relay chain is only responsible for the consensus of the parachain. This will liberate the computing resources of the relay chain and make the relay chain the first non-transactional blockchain. You only need to focus on expanding the scale of the parachain as much as possible.
Parachains can participate in network activities as actors
Parachain represents a collection of financial assets and social assets. Each parachain can perform many activities as an actor on behalf of its stakeholders, such as participating in the governance of the relay chain through proposals and voting, and becoming a member of the Polkadot Network Council. , Claim bounty tasks, allocate state treasury funds, etc.
Recent development of parachain
Current progress
- The V1 (production level) parachain code has all been standardized in the guide, and most of the Rust implementation has been completed , only a few subsystems have been implemented.
- The message passing function (HRMP) between parachains has been implemented, and parachain messages are passed through the relay chain
- The Parachain testnet Rococo’s V1 testnet has been implemented. Teams developed on Polkadot can use this testnet for testing, and then go online on Polkadot mainnet
- The code base is under audit
Next steps
- Further optimization and stress testing of the network
- Complete AnV protocol code
- Improve the auction module, such as whitelist, crowdfunding quota and other functions
- The end of the audit
- Parachain will be officially launched on Kusama and Polkadot (will be launched after all codes are audited and the security is sufficiently reliable)
- Development and launch of parallel threads
Full video playback:
