Recently in the community, some people willComparing Polkadot and EOSSome people think that Polkadot's parachain auction mechanism is similar to EOS's super node election, and some people worry that Polkadot will eventually face the same fate as EOS.
In response to these doubts from the community, PolkaWorld invited8 Polkadot ecological buildersXu Liucheng: ChainX technical director
Guests of this issue:
Wang Qinwen: Web3 Foundation China Community Manager
Chen Xiliang: Laminar CTO
Jiang Fuyao: Acala Open Contributor
Xu Liucheng: ChainX technical director
Tong Lin: Co-founder of Phala
Guo Tao: Head of Zenlink China
Caizhen: Head of Zenlink Product
Tong Lin: Co-founder of Phala
secondary title
Yue Lipeng:
Yue Lipeng:EOS voting chaos mainly comes fromNode federation caused by multiple votes, resulting in extreme centralization of nodes, loss of motivation for community participation, coupled with the huge disadvantage of the resource model and the lack of follow-up maintenance by the founding team, it led to the decline of EOS as a whole. These have nothing to do with Polkadot's parachain one-vote-one-vote auction.
Caizhen：This netizen probably confused the Polkadot parachain card slot auction mechanism and the EOS mortgage mechanism.
First, bothOOP is different. The Polkadot card slot auction is aimed at project parties who want to become parachains, and Polkadot’s candidate validators are guaranteed by the BABE algorithm. The mortgage mechanism of EOS is for project parties who want to become validator supernodes.
Second, bothThe bidding method is differentTong Lin:
Tong Lin:Card slot auction is different from EOS node election.
The biggest difference: Parachains cannot directly earn income by winning card slots; but EOS node elections can earn monthly income by winning electionsinflation income, that is, you can get meal tickets! In 2018, 21 EOS nodes won to become master nodes, and each node will receive approximately 2.38 million EOS revenue from the 5% additional revenue of EOS issued each year. Based on the calculation of 40 yuan per EOS at that time, a node can Get a reward of 100 million yuan!
However, the parallel chain does not have any direct benefits if it obtains the card slot. So what do they get? It is network resources—the security and cross-chain communication capabilities brought by slots, and of course the value of goodwill. Therefore, it can be seen that the motivation of the project party to participate in the card slot auction is completely different from the motivation of the EOS node "collecting rounds".
For the currency holders, voting for EOS nodes is nothing more than getting 5%-6% of the EOS standard annualization, and will not contribute to ecological prosperity; but participating in the Polkadot slot auction can not only get more than 15 % annualized income, and can also obtain tokens of different Polkadot ecological projects in a decentralized manner, which is more similar to that ETH token holders mortgage various DeFi protocols to mine, and finally the prosperity of DeFi promotes the breakthrough of the value of Ethereum. More like an ending like this.
Lurpis：Because the Polkadot card slot auction has no rigid income, and the income from participating in the card slot auction comes from the project party that leases the parachain slot, which makes the parachain slot auction form a positive cycle mechanism of survival of the fittest.Select high-quality projects that can cover the rental cost of parachain card slots and complete business logicJiang Fuyao:
Jiang Fuyao:The Polkadot parachain slot auction is fundamentally different from the EOS super campaign.
When the Polkadot parallel chain slot auction starts, project parties including Acala will use the Substrate crowdfunding module to start the first parallel chain issuance, and then all DOT holders can choose the projects they support and the corresponding lock-up period to lock DOT, all locked DOTs directly enter an account in the Polkadot relay chain without going through the project party, waiting for the slot auction to start.
After the parachain auction is over, if the project party successfully takes the slot, the DOT of all participating users will not be able to be transferred within the selected lock period, and will not be unlocked until the end of the period. If the project party does not take the slot, all The DOT that participated in the lock will be returned to the user immediately, so the Polkadot parachain needs continuous development to keep the slot, and it may be eliminated if it is neglected.
In contrast to the EOS election, as long as it is an EOS node in the election, it canEarn, It also means that the vicious cycle of competition does not have a good positive cycle of incentives, but passive rigid benefits.
And Polkadot parachain slot auction isSurvival of the fittestGuo Tao:
Guo Tao:I think there is an essential difference between Polkadot’s parachain slot auction mechanism and EOS’s super node election voting.Polkadot's PLO is aimed at the parachain project party, not the verifier of the networkChen Xiliang:
Chen Xiliang:secondary title
Yue Lipeng:
Yue Lipeng:EOS is a contract platform like Ethereum, a product of the same era, and EOS's contract technology is advanced compared to Ethereum, but due to other shortcomings, the entire ecology has declined. Polkadot goes beyond the scope of the contract platform and isChain innovation platformTong Lin:
Tong Lin:Polkadot may have an underestimation period, but it is definitely different from EOS for three reasons:
Teams are different.Polkadot's core team, Web3 Foundation and Parity, are completely different from BlockOne in terms of ability, determination, and reliability. You can see what the two teams did after getting the money respectively.
Founders are different.Gavin obviously pays more attention to reputation and professional achievement, and the probability of him leaving before Polkadot is completely successful is very small. However, as expected by BM, each project is only done for three years, not three years after three years like Chen Yongren of Infernal Affairs.
Entrepreneurs are different.The early promoters of EOS were capital and profit-seeking nodes. However, the promoters of Polkadot were down-to-earth and colorful development teams. I don’t know if you have discovered it. Polkadot projects rarely have projects with extremely high valuations. ——The reason is that the seed players of this ecology are all very real entrepreneurs, and they will not make unnecessary money. Some people say that Polkadot has too many Chinese projects, but why do I think this is a bad thing? Are all Chinese projects the same, and are all Chinese projects ashamed? Most of the Polkadot projects I know are excellent entrepreneurs who are very technical and product-oriented.
Of course, as the popularity of Polkadot increases, fake projects have sprung up like mushrooms after rain. I hope that everyone can keep their eyes open, read more PolkaWorld knowledge articles, and understand the ecology, so that it will be easier to identify the difference between good projects and bad projects, and step on fewer pitfalls.
Jiang Fuyao:
Jiang Fuyao:In the currency circle for so many years, to sum up, any high-quality project will have negative news from the media in the early stage, pay attention to the media. These so-called news all have a clear purpose. Just imagine: the people who are instigating this matter, if they hold Polkadot, how can they publish negative news. If he does not hold DOT, what is his purpose for posting this news? To put it bluntly, if you rush up without getting in the car, the cost will be high. Or sour. dog:)
Guo Tao:
Guo Tao:First of all, to clarify, Polkadot ecological domestic projects account for less than 30%, so it is a misunderstanding to say that "Polkadot ecological projects are all Chinese projects". As for the negative news about some Polkadot ecological projects, I think it is normal. When the forest is big, there will be any birds, so it is necessarymarket forcesChen Xiliang:
Chen Xiliang:Wang Qinwen:
Wang Qinwen:The Polkadot team (whether it is the Web3 Foundation or Parity Technology) has devoted a lot of effort to the investment in ecological construction and developer projects. All activities are basically centered around technical education. We pay great attention to the needs of technology developers and the knowledge of technology ecology. I think this is the most fundamental difference from EOS.
The founder, Dr. Gavin Wood, has the successful experience of Ethereum and is extremely focused, insisting on continuous creation and development of important milestones at the moment. This is the biggest difference from BM.
Technological innovation and mechanism design emphasize thefair and transparentWhether it is the split at that time, the algorithm behind the nodes, the treasury process of the council and the parachain auction emphasize the participation of all discussions.
When it comes to the community, we are proud to have a group of very united ecological projects supporting Polkadot from all dimensions of technology and community.Discussion time:
Discussion time:
Do you think Polkadot is similar to EOS? Will the fate of Polkadot be the same as that of EOS?
Leave a comment below to express your opinion.
