Gavin Wood, Co-founder of Ethereum, creator of Polkadot and Kusama

Gavin Wood, Co-founder of Ethereum, creator of Polkadot and Kusama

Computer scientist Gavin Wood helped Vitalik Buterin and others create the first iteration of the Ethereum network in 2014. Wood, though, departed in 2016 to launch Ethcore, which creates Ethereum software for customers. Wood continues to serve as Parity Technologies' chief web officer despite the company's final name change.

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Wood then founded the nonprofit Web3 Foundation, which provides funding for the Polkadot and Kusama ecosystems. Polkadot was developed by a computer scientist to address Ethereum’s scalability issues, commencing with the use of the proof-of-stake consensus algorithm.

In 2022


Wood plans to introduce more parachains this year, all of which will rely on the Polkadot mainchain’s security features. In a process he refers to as “scaled hyper-connectivity,” Wood and his colleagues also intend to rewrite the network’s code to speed up and lower the cost of methods of communication between parachains to roughly 1,000 transactions per second for each shard.

The team also plans to develop its parathread capability. Teams that don’t win a parachain spot will still be able to benefit from the strength and security of the mainchain thanks to Parathread.

Wood also asserts that there are numerous blockchain bridges under development. Polkadot and Kusama ecosystems will be linked by the first bridge, and Polkadot and the Ethereum network by a second.

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