BlockchainBrad: Parity Tech | Joe Petrowski | BlockchainBrad | Blockchain Infrastructure for the Decentralised Web
BlockchainBrad speaks with Parity Technologies Research Analyst about building Blockchain Infrastructure for the Decentralised Web. Joe Petrowski explains that Parity Technologies is an infrastructure and innovation focused company building tooling, platforms and enabling limitless applications. Parity's work combines cutting-edge cryptography, cellular system, P2P tech and decentralised consensus architectures. From the Substrate blockchain framework to Polkadot, the sharded protocol enables blockchains to operate seamlessly together at scale. In a nutshell, Parity is building the foundation of Web 3.0 and is set to revolutionize the web itself.
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Timestamps:
00:20 Intro, Joe Petrowski
00:52 What is Parity Technology? Reference to Substrate too.
1:55 Specialised State Machine
3:40 The infrastructure of Parity
3:49 Web3 Research and Development
6:11 More abstract encoding. Focus on protocol building & tooling
7:14 Building- Parity, Polkadot and the Substrate Infrastructure (abstract generalised blockchain infra for the DWeb)
8:25 Polkadot: not just catering for DeFi
10:13 Decentralisation with Purpose
10:16 The CeFi & DeFi Spectrum
11:22 The Parity Team: 90+ devs, 15 countries
12:36 Founders of Parity: leading the blockchain
13:26 Iterating beyond Ethereum- no competition.
14:07 Governance- Important innovation at Polkadot
15:30 Key aspects of Governance- Onchain decision-making & autonomy
16:40 Forkless upgrade & transparency
17:08 PoS. Polkadot and the Differentiating factors
18:34 Differentiating Ethereum from Polkadot. Runtime, WASM. Client as host environment, whereas Ethereum is client-bound.
20:27 Enterprise in the Polkadot & Eco Context
23:10 Offchain Workers- feature referenced
23:36 Polkadot- the conservative Symphony. Kusama: underestimated
24:20 More on Kusama. More than just a canary cousin.
25:47 Kusama: audited regularly. More than a testnet. Parachain deployer
27:07 Kusama bright future.
29:10 Parachains, Relay Chain, Interoperability
30:59 Polkadot- logic execution, messaging, security & scalability
33:20 Meaningful message passing
34:00 Specialised Blockchains and their value
35:04 Free Design. From Private to public, permissioned to permissionless
36:46 Baseline-Ethereum-ConsenSys discussion/contrast.
40:00 The Substrate-The exciting first wave of startups
40:50 shoutout to some of the Substrate startups like Acala, Laminar, Moonbeam + more!
43:10 Cutting Edge Claims by Parity teams
43:43 Privacy- Onchain/Offchain- caters for non-deterministic tasks too
45:16 Funding & Runway with Polkadot
49:44 Value is a limited Resource. Security creates value.
51:51 The power of Network Effects
53:00 Hack Risks, Security Risks. Industry keeps evolving
54:17 Adoption: beyond Speculation. Real Utility
55:35 10x-100x more devs are coming to this industry!
56:14 Enterprises don't have to start from scratch!
59:05 Github: transparency, access. 100% open source- see github link
1:01:04 What qualities in research/educators/doers that Joe values. Reasoning First Principles.
1:03:03 What's exciting working on Parity
1:04:32 Joe's RelayChain Podcast
1:07:21 What to go to learn more- wiki, Riot, socials and more. Gavin Wood is active in the Riot chats!
1:08:35 Final Statements and thanks to Joe!
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Links:
Website: https://www.parity.io/
Riot:https://riot.im/app/#/room/#watercooler:matrix.parity.io
Another Riot Link: https://substrate.dev/en/community
Github: https://github.com/paritytech/
Gitter: https://gitter.im/paritytech/parity
Documentation: https://openethereum.github.io/wiki/
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PAYMENT/DONATION DISCLOSURE:
This was 100% free and I received NO financial compensation for doing this video; not in fiat, tokens or any form on payment.
INVESTMENT DISCLOSURE:
I have not invested in Parity Technologies or DOT (Polkadot), but I plan to invest in both DOT and several other startups on the Substrate. I own a small amount of Kusama.
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GENERAL DISCLAIMER:
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