Polkadot and Ethereum 2.0-A look at the solutions that build up the scalability of tomorrow

Polkadot and Ethereum 2.0-A look at the solutions that build up the scalability of tomorrow

Both Ethereum 2.0 and Polkadot are promising shading-based protocols that overcome the scalability challenges with which older blockchains are faced. Although something different, together the relay chain and illuminated fire chain are another significant leap forward, especially with regard to interoperability.

partition of the problem: sharing the load about shading

scalability is a hotly discussed topic after networks reached its limits last year. But long before it entered the mainstream discussion, the developers postulated several angles of attack. Despite the triumphal introduction of Layer 2 approaches in 2021, Layer 1-Sharing solutions have long been in the pipeline.

When it comes to partitioned blockchain protocols, dab and Ethereum 2.0 represent the best -known names that pursue this path of scalability. These partitions or Shards are a means of executing transactions in separate Shards together with a protocol for sending messages between Shards. Sharing offers both networks an excellent solution to significantly increase the network performance and capacity without increasing the hardware requirements of the nodes or reducing the degree of decentralization.

We cannot deny the fact that Polkadot draws many references from Ethereum at the core level. However, when it comes to technology, especially how Polkadot and Ethereum 2.0 use the concept of shading, there are some significant differences that developers and users should take into account.

First of all, all Shards in Ethereum 2.0 have the same state-transition function (STF), which offers an interface for the intelligent contract. Therefore, contracts on a single Shard asynchronous messages can share messages with other Shards. The base layer (main chain) of Ethereum 2.0, which is called illuminated fire chain , enables the execution of Smart Contracts and transactions via the interface Ewasm (Ewasm What M). Ethereum 2.0 supports 64 Shards by default, whereby each Shard represents a blockchain and transactions that are executed on this blockchain.

Polkadot uses a different variant of the shading. The network has a main chain called relais chain . Shards in the polkadot network are called parachains that can also perform parallel transactions and are connected to the relay chain. In contrast to Ethereum 2.0, which currently supports 64 Shards, Polkadot is currently supporting 100 parachains (Shards), and each of these parachains does not rely on a single interface like ETH 2.0S Ewasm. Instead, each parachain can connect individually to the relay, which gives the developers of these parachain the flexibility to determine their own rules for the change of state.

Simply think of the Beacon of Ethereum 2.0 Chain as a USB port and shards as a USB cable. Only Shards that have the right form of a USB cable can be connected to the USB port. On the other side of Polkadots Relais Chain serves as a universal box, i.e. all parathreads can seamlessly join them.

Apart from that, it is proposed that the governance process for Ethereum 2.0 follows an off-chain model that requires hard fork. However, the Governance model from Polkadot is in the chain and is implemented autonomously so that it can be updated seamlessly. Finally, the underlying Validator selection mechanism also differs for both, since Polkadot offers strong availability and validity guarantees with a lower number of validators per Sard.

A look into the future based on the present

The development and implementation of Ethereum 2.0, also called Serenity, is currently underway. At the moment, the Chain illuminated fire is live, takes staking to Ethereum and laid the foundation for future upgrades. The merger of Mainnet Ethereum with the Beacon Chain and the addition of Shard Cains is gradually introduced into phases. Forecasts assume a market launch in 2022, although large recent purchases from Ethereum Mining devices mean that certain interest groups are not convinced that timely publication is imminent.

As a next generation blockchain project, Polkadot has attracted a lot of attention since 2020. The platform, which is often referred to as Ethereum Killer despite the tired nature of this overused trope, has established itself as a potential alternative that solves the scalability challenges of Ethereum.

Polkadots Testnet Kusama is already in operation with a similar Sharding model and runs with great success after several crowdloans and millions of processed transactions have been carried out, with several promising projects for the limited parachain slots advertised. Now the Polkadot parachain slot auctions arrive in November because the project enters the fifth and last phase of its starting process and Ethereum hits the mark.

During the Sharding competition, a winner-all result will not necessarily lead to a winner, Polkadot Ethereum 2.0 is at least a few years ahead. Nevertheless, the huge ecosystem of Ethereum should not be neglected despite the interoperability efforts of many eager projects that apply for Polkadot's parachain slots. However, instead of looking at the two chains in the competition for higher TVLs or more dapps, it is better to design the relationship in the context of additional use for the larger cryptocurrency ecosystem.

It will be fascinating to see how both platforms interact as soon as all Ethereum improvement proposals (EIPS) are implemented for Ethereum 2.0 and polkadot parachains are connected to the relay. Assuming that everything runs according to plan, the networks can complement each other in order to create an interoperable basis for decentralized apps (DAPPS) and decentralized financial protocols (Defi) of the next generation, which support a higher throughput, lower costs and scalability to support extended blockchain use.

What will the upper hand have - polkadot or Ethereum? Share your opinion in the comment area below with.

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