Ilya Polosukhin, co-founder of Near Protocol, believes that Ethereum development has a focus problem. He says engineers need to solve critical issues that allow Web3 to expand to billions of users.
“We need ease of use. We want simple programming. We need a natural synthesis of applications. “Polosukhin said in an exclusive interview with Cointelegraph,” I do not see any current developments in Ethereum aimed at any of these goals, “Polosukhin said in an exclusive interview with Cointelegraph.
Polosukhin envisions a new version of the Internet, or Web3, where the user retains full ownership of their data and assets. He believes that this new iteration of the Internet will not be based on one “killer app”, but on a group of different apps.
“Our goal is to give users control over their data. They control their money and assets. They can manage these platforms, which means there is no need to create a platform that does everything.”
Thus, improving the scalability and interoperability of blockchain technology is the key to building the foundation for Web3. While Ethereum remains the dominant platform for smart contracts, Polosukhin said, it lacks Nia’s focus on achieving these goals.
In particular, he believes that Ethereum’s reliance on Layer 2 solutions or assemblies to solve the problem of scalability could lead to compromises in terms of interoperability.
“It’s only natural that cumulativity creates less correspondence and creates more sub-spaces where something happens,” he said.
Alternatively, Layer 1 Ethereum Near seeks to address the scalability issue by using hashing technology, a process that divides a protocol infrastructure into multiple shards without sacrificing composition.
“By scaling a truly custom architecture, we allow many applications that interact closely with each other with the same economic models,” explains Polosukhin.
Rainbow Bridge is the main component of the Near Compatibility feature, a protocol that allows free transfer of assets from the Ethereum blockchain and vice versa.
“Not only does this allow you to send tokens, but it actually lets you read the status of all other chains so you can actually send public messages between them and execute contracts.” Explain it.
Near has been one of the fastest growing developer environments in 2021. According to Polosukhin, one of the main attractions of the protocol is the introduction of popular and user-friendly programming languages such as Java and Rust. Another factor was a $ 800 million fund announced last year for developers to develop the Near Protocol.
“Developed core components so that other people could develop their own companies, their designs were very powerful,” he said.
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