As the price of Polkadot drops by half, founder Gavin Wood decides to become a DJ
Gavin Wood's "Multiverse": Founder, Scientist, Experimenter, Now DJ Wasabi.
- Title: "Gavin Wood on why Ethereum remains' unchanged, 'Polkadot, and moonlighting as a DJ" Author: Liam Kelly, DL News Compilation: Lyric, ChainCatcher
- Ethereum co-founder Gavin Wood was interviewed by DL News as Polkadot plummeted 50%. After investing heavily in marketing, Polkadot is facing strong opposition from users. Gavin Wood talked about his other identity - as a DJ.
Earlier this year, when Polkadot students finished a five week developer training camp in Hong Kong, they welcomed a party. At the graduation ceremony, members of the DeFi network saw a familiar face sitting behind the DJ booth - Gavin Wood, co-founder of Polkadot and one of the planners of Ethereum.
After playing a crucial role in the construction of the DeFi ecosystem for ten years, 44 year old Gavin Wood has begun to rediscover his initial passion - music. Wood told DL News, "If you see any articles related to DJ Wasabi, it's me
Find a new direction
The background of his move is that Polkadot has been striving to find a breakthrough.
According to employees, in 2023, Parity Technologies, the company that built the Polkadot network, laid off nearly one-third of its 385 employees due to funding shortages. Polkadot was once one of the top ten cryptocurrency projects in terms of token value ranking. This year, its DOT token has fallen by 50%, while ETH has risen by 5%, and competitor Cardano has fallen by 45%.
In July of this year, Polkadot faced more criticism, with critics criticizing its decision to spend $87 million in the first half of the year. Nearly half of it was used for marketing activities, including spending $400000 to create an animated version of the Polkadot logo on the cryptocurrency website CoinMarketCap. Seun Langley, former core developer of Parity, said on X, "It's crazy that Polkadot's treasury wasted so much money on wrong marketing
A representative from Parity stated that marketing expenses stem from the project's governance system. The representative told DL News, "The expenditure on marketing plans is a direct result of on chain financial expenditures determined by community voting
As Wood switches to DJ, many DeFi enthusiasts may wonder if he has left his daily job. Although Wood is the chief designer of Parity, he denies such concerns and downplays his role in the project. He said, 'My position is much lower.'
I am a scientist
During the Web3 Summit in August, Wood was interviewed by DL News at Funkhaus in Berlin. Here, Wood shared his views on the design and technology of memory blockchain.
I want to conduct experiments. I am a researcher, a scientist, a scholar, and curiosity is my main driving force here, "he said." The biggest thing for Polkadot is that Ethereum has come to a standstill to some extent
In fact, Wood is very good at pursuing unusual adventures. He plans to launch a "personality" system later this year, which will tattoo machine generated QR code like patterns on people's bodies.
Wood's career began with the fusion of computer science and music.
In 2005, Wood completed a five-year doctoral program at York University, studying how computers listen to music. He also turned the music heard by the machine into visual icons. His paper presents what Dave Brubeck's classic jazz piece 'Take Five' would look like to a computer.
Wood has also been involved in technology projects. He once worked as a Microsoft researcher and also taught geometry at a Catholic school in Italy. He sold lighting systems to nightclubs and bars in London, and then attempted to launch a Microsoft Word plugin to automate the tedious work of lawyers.
Not long after, he met Vitalik Buterin, Jeffrey Wilcke, and Charles Hoskinson who were developing Ethereum. For Wood, Ethereum was essentially a weekend project he worked on while developing the Word plugin in early 2010.
Invented Ethereum
He wrote one of the first Ethereum clients in the C++programming language, which is a software application that allows developers to interact with memory blockchains. Wood helped invent Solidity, the programming language for Ethereum, and co authored the Ethereum Yellow Book, which was the first official document to explain the purpose and operation of the Ethereum network.
He told DL News, "I also brought more design and engineering aspects, and I want to say, it's like an almost artistic nature
Although Wood has become the cornerstone of decentralized finance and solidified his position in the cryptocurrency field by jointly creating a blockchain system, he feels that Ethereum lacks vitality.
He said, "Compared to the vision proposed by Vitalik and me in 2014, the Ethereum protocol has hardly changed
In 2016, Wood established his own business and co founded Polkadot with Robert Habermeier and Peter Czaban. The concept is to create a more efficient and affordable network to support dApps and smart contracts.
The biggest thing for Polkadot is that Ethereum has come to a standstill to some extent, "he said." I want to continue developing
The project raised $144 million through its initial token offering in 2017- a cryptocurrency crowdfunding where people invest real money in exchange for the network's native tokens. It officially began producing memory blocks in 2020. In the hype of 2021, its total value soared to $54 billion, making DOT one of the top ten cryptocurrencies.
Improving the 'cumbersome' cross chain
He also introduced a memory blockchain to address the key bottleneck faced by Ethereum. The second layer of memory blockchain (a mini memory blockchain that aggregates transactions into low-cost proofs and sends them to Ethereum) is now very common on Ethereum.
Polkadot introduced a similar design from day one, called parachains. Any project that chooses to build and launch its own parallel chain based on Polkadot can easily interact with other Polkadot based projects. For Ethereum based Layer 2 networks, users must interact with cumbersome cross chain bridges to transfer funds between networks.
Wood stated that Polkadot is closer to Ethereum's early vision. Back when all fields were still blank, layer 2 networks were no longer a dream. The dream promoted by Ethereum core developers five years ago looks a bit like Polkadot
I am an experimenter
In April of this year, he further built this vision through an upgraded version of Polkadot called JAM (Join Accumalate Machine). JAM will enable anyone to build a parallel chain, rather than having builders auction off a parallel chain. This upgrade is not just about technology. Its launch also comes at a time when Polkadot is attempting to revive the glory of 2021.
However, getting rid of the long-standing troubles of DeFi is not an easy task. Employees stated that due to high executive compensation, Parity not only needs to lay off a large number of employees, but also handles the layoffs awkwardly. At that time, the company announced layoffs a week before heading to Mallorca, but did not disclose the specific layoffs.
A Parity employee referred to it as' a surreal, prank joke '. Wood did not participate in the beach vacation, which left many people feeling angry and confused. In July, Parity completed its restructuring and is currently recruiting new employees. A representative of Parity said that its recruitment information column listed 11 vacant positions.
Now, Wood's next project may once again attract people's attention, which he calls' proof of ink '. At the Web3 Summit, Wood explained how Polkadot's memory blockchain generates unique tattoo patterns. These patterns can prove that a person is the person they claim to be online without revealing any other information. It seems that Sybil attacks (where a user creates multiple identities) are a common issue that can be addressed in cryptocurrency.
Wood displayed the QR code on his biceps. Before its launch at the end of 2024, he was still researching other designs. I really don't want this to be spread as some kind of tattoo recognition system. The practice of tattooing identification on the skin may cause strong reactions, especially in places like Germany. Wood was angry at this suggestion.
I spent a long time emphasizing that this has nothing to do with identity recognition, "he told DL News." It's about personality. I spent a long time emphasizing privacy, which is using powerful encryption technology to ensure privacy. I really don't want anyone to say this is a tattoo recognition system because it's completely misleading
This project demonstrates how Wood always follows his intuition, no matter where it leads him, from tattoos related to encryption to performing music as DJ Wasabi.
For me, it's not worth doing this unless it's novel, "he said." I'm an experimenter
Original text link
This article is authorized to be reproduced from ChainCatcher
(责任编辑:牌价)
-
这四款游戏虽然和《王者荣耀》相比有很多的不同,但是有一点是相同的,那就是他们都无法再能够撼动《王者荣耀》在MOBA类手游界的地位了,因为一旦一款MOBA类游戏在社交领域走的足够的远,那么其他游戏是...[详细]
-
微信的谣言模型库是现在国内最全的一家,这当然也和微信移动端一哥的地位有关。...[详细]
-
先简单回顾一下事件: 一名男子与两名女孩因为推广扫码发生冲突,男子全程脏话,实在不堪入耳。...[详细]
-
到北京后买了几张床,8个男男女女挤在100平米的房子。...[详细]
-
彭博商业周刊3月21日报道,摩拜吸引到了腾讯控股、华平投资、TPGCapital、淡马锡控股和富士康等投资者的数亿美元。...[详细]
-
document.writeln('关注创业、电商、站长,扫描A5创业网微信二维码,定期抽大奖。...[详细]
-
毕胜说,我不是没激情,我是不知道该干啥。...[详细]
-
为什么《王者荣耀》最开始要做3V3,并且只有一个野区和一条路?我不相信他们开发游戏之前没有做用户调研,但这看起来真的很难解释,明显用户对于5V5的接受度最高,他们一开始却直奔3V3而去了,但很有可...[详细]
-
这时,您的网站如果提供确实的最低价格保证,并且在客户付款购物过程中突出显示出来,您的购物车放弃率一定比其他电商低。...[详细]
-
谈B2B的本质,实际上就是看它和B2C的本质区别。...[详细]