>Source: OneBlock Community

June 23, 2024,“Behind The Code: Web3 Thinkers” is launched in the second quarter.This set,Bill Laboon of the Web3 FoundationIn -depth discussing the essence of blockchain, simplifying the process of Polkadot, building an elastic system, power decentralization, sustainability, and the future of technical ownership.Bill shared his journey in the blockchain world, from the early participants of Bitcoin to the core promoter of Polkadot. His insights and experience revealed the deep impact of blockchain technology for the audience.This episode not only shows the major progress of Polkadot in terms of technology simplification and decentralization, but also emphasizesDecentralization governance in realizing unique advantages and future prospects in achieving freedom and autonomy.

View the full video: https://www.youtube.com/watch? V = dpcj0k6poxm

Innovation from scratch -Bill and Polkadot

Bill has been involved in bitcoin, cryptocurrency and blockchain technology since 2012.What really made him really interested in Polkadot was Gavin Wood’s speech,Wood built a new blockchain from scratch,This surprised Bill and inspired his interest.then,In 2019, Bill moved to Switzerland and joined the Web3 Foundation.He has been working here since then.

The essence of blockchain: consensus of no centralization

Regarding the concept of “truth”, it is difficult to accurately define philosophy, but I think blockchain is a technology that is moving towards “truth”.

—— Bill Laboon, Web3 Foundation

Bill explained,Blockchain reaches consensus through a network without external arbitrators and centralized agencies to determine correct and authoritative information.He recalled the shocking feeling when reading the Bitcoin white paper for the first time. Bitcoin proposed an idea: to determine the total amount of currency without centralized control,Record trading in a transparent manner,Once, we can confirm and agree.This technology allows people from different countries and identities to reach an agreement.

The focus of Bill’s work in the Web3 Foundation is to educate people’s blockchain meaning and use.Help them participate.He emphasized that the current goal is to further increase decentralized participants,Make the blockchain more flexible and self -maintaining.Bill firmly believes that as more people know and participate in blockchain technology,There will be more breakthroughs and innovations in the future,It may completely change the current social structure and economic system.

Polkadot’s development history and technological evolution

We are not just developing these technologies for other technical personnel and researchers, but for everyone in the world.

—— Bill Laboon, Web3 Foundation

From technical fascination to the participation of the whole people

Since Bill has joined Polkadot,He witnessed the great progress of this project.He recalled,At that time, Kusama had not been launched yet, let alone the main network of Polkadot.Although many developers were interested in this project at the time, they were far from so many today.The early phase of the Polkadot interface and communication method are very technicalIt attracted a lot of technical houses, which also gave a very complicated impression of Polkadot.

However, over time, more and more developers have joined in, and they simplify many things.Compared with the early version of 2019, applications are more smooth, wallets are more user -friendly, and user experience (UI/UX) has improved significantly.Polkadot becomes smoother and easy to use,There are many technical improvements,Especially in terms of scalability.

Develop in the direction of “one currency and one vote”

Polkadot’s governance structure has gone through multiple stages of evolution, from the initialSuper user account control,arriveThe committee of the Gov 1.0 election, ThenOpenGOV 2.0’s “one currency, one vote” mechanismPolkadot’s power gradually dispersed.Bill explained that if you have dot, you can determine the future of the network,All decisions and changes need to be agreed by DOT holders.This mechanism is not only technological progress, but also through the chain fiscal system asProjects in the ecosystem provide an innovative model of funds.

at the same time,The Web3 Foundation has always been committed to ensuring that more people have the right to speak in governance.It’s not just the privilege of a small group.Bill believes that Polkadot is more flexible than other blockchain controlled by a few people.If there is a single -point failure in the system, it will be very fragile.But in POLKADOT, the presence of multiple entities enhances the toughness of the system.

The governance mechanism of gradual evolution

Polkadot’s governance mechanism is not only flexible and forward -looking.Bill said that users can choose to trust someone in the fiscal proposal, but not necessarily the biggest financial proposal; for technical proposals, they may entrust another person, and for administrative proposals, they will entrust another person.Users can decide to change or revoke these commission at any time.This mechanism is similar to the traditional election representative system,But more flexible and personalized,Can better reflect the wishes of the currency holders.In addition, Polkadot’s governance mechanism is constantly optimizing.Bill mentioned that the team is exploring a better way,Such as “identity certification voting system”,In order to solve the problem of power inequality caused by different DOT holdings.

Internal self -consistent economic system

DOT is inflation as the core asset of the Polkadot Ecosystem.Verifications are rewarded through production blocks, and some of these rewards will enter the fiscal system.As the network continues to run,The number of DOTs in finances is also increasing.

At the same time, the main developer team of Polkadot received funding from finance.This fiscal support mechanism ensures the continuous operation of the development team and the continuous optimization of the network.Bill explained that then, this internal self -consistent system can be operated on the Internet, Generate new DOT tokens,These tokens are used as the natural by -product of the production block, entering the finance,Used to support the growth and development of the entire ecosystem.

Through this design, POLKADOT not only solves the problem of insufficient funds in blockchain projects.It also created a financial system that can be dynamically adjusted.This system can be based on the development needs of the network,Flexible allocation of resources, support technological innovation and ecological construction,Make Polkadot a realSelf -maintenance and self -optimized blockchain ecosystem.

The importance of data ownership

In today’s big data era, the problem of data ownership has become particularly prominent.Bill gave an example. Microsoft purchased Reddit’s data usage right and used it as AI training data.He is an active user of Reddit,But Reddit took away the data he contributed and earned about $ 60 million through these data.These data are now part of a certain AI training set,And he has no control over this process.This situation not only happened inOn social mediaAlsoBanking systemCommon.Many people complained that their bank accounts were closed on Twitter. The reason is unknown and there is no appeal.

Bill emphasized,One of the goals of the Web3 Foundation is to create a decentralized Internet so that people have their own data.Bill believes that the good code to counter damage is more effective than trying to solve these problems than trying to solve these problems through regulations.Blockchain technology is not only developed for technicians and researchers, but also serves everyone in the world.By showing how blockchain technology allows people to have more autonomy and have their own data, Bill wants more people to understand and use this technology.