A partnership was announced on Tuesday between the project Gitcoin and Polkadot help developers of the interoperable blockchain platform to find support and funding the community.
The current role of Gitcoin could be considered an experiment in a new way finance public goods based on the concept of “liberal radicalism with capital restrictions”, or CLR, championed by Ethereum co-founder Vitalik Buterin. That works through Gitcoin Grants, a hybrid public funding mechanism It is based on both community contributions and multi-million dollar donors.
CLR is similar to the concept of matching donations, however They are not approved individually. Instead, a quadratic funding system Change the weight of each individual donor. Scott Moore, head of developer relationships for Gitcoin, told Cointelegraph that the changes involved depend on how many people have participated.
According to their simplified example, if two people had donated $ 4 each, the system would bring them together for $ 16. Conversely, if eight people donated $ 1, the match would be $ 64.
The amount of the donations has not changed The square formula gives a lot more weight for smaller quantities.
“This should really only be a community signal. We want every candidate who takes part to have a real feeling […] that their voice is important and that not only one central unit controls the financing. “
Attract Web 2.0 developers
Until now, Gitcoin has been mainly associated with Ethereum projects and his community, “though that is changing,” said Moore. While Most of the initiatives have historically come from the Ethereum Foundation, ConsenSys, and major contributors individually, Gitcoin targets provide a platform for all open source developers.
The integration of the Polkado communityIt is an important step in this process. since its blockchain development, the ecosystem has been based on WebAssembly, a framework for integrating simple applications such as Rust and C ++ into web applications. Moore noted that “much of our growth comes from Web2, not Web3, and that is a high priority for us.”
Moore believes the number of Web 3.0 developers, especially Ethereum, is small and cites estimates from 10,000 and 200,000.
“I think when you consider how small our ecosystem is, it really is We have to think about how we can work together for broader acceptance rather than just focusing on our respective projects, “added Moore.
Polkadot, with his choice of more traditional languages like Rust, “can be really useful when it comes to attracting new people from the Web2 Rust community,” concluded Moore.
Ethereum will also switch to a WebAssembly-based system with 2.0, but that’s still a long way off while Polkadot has already released a candidate for its mainnet.
Go against “chain maximumism”
In an interview with Cointelegraph, Chris Hutchinson, the community manager and the growth of Web3 Foundation, described Polkadot as a “bet against chain maximumism in general”.
Moore noticed that a significant part of the Ethereum community began to feel that “Ethereum is really the only project” after similar treatment by the Bitcoin community.
“I think we’re such a small ecosystem that it really doesn’t make sense,” added Moore.
Polkadot is mainly a a Parity Technologies product, A company founded by Ethereum’s co-founder, Gavin Wood. Cointelegraph previously reported that in preparation for launch Polkadot began to integrate with many players in the ecosystem traditionally associated with Ethereum, such as Chainlink and Celer Network. However, this is part of Polkadot’s interoperability overview also contains Bitcoin.
As Hutchinson revealed Polkadot doesn’t really see himself as a competitor to Ethereum, and points out that this thinking is part of a competitive site in cryptosystems. “All of this goes out the window as long as you have it Systems that can work together and share these [características] different, “he added.
He admitted that at some levels there is “still competition” with other chains, but the general view is behind Polkadot “Achieve the goal of Web 3.0 in general”.