In a situation where ‘Web3’, which means a decentralized web, is getting more and more attention, major blockchain platforms such as Polygon, Solana, Cardano, and Algorand have introduced support for the Web3 service.
These platforms participated in the Upbit Developer Conference (UDC) 2022′ held at the Busan Port International Exhibition and Convention Center (BPEX) in Busan and presented their outlook and plans for the Web3 market on the 22nd.
“Polygon will help the expensive and heavy Ethereum ecosystem and lead it to ‘Web 3′”
Henry Hecht Perella, responsible for the global strategy & operation leader of Polygon, a tier 2 platform based on Ethereum, said, “Ethereum has a problem that there are many users and high fees.” It will play a role in supporting cheap and fast access to the web 3.”
As of last month, around 37,000 polygon chains were built. “For polygon developers, it means that open source is provided and community-oriented apps run at the same time,” said Perella Reed. “We’re trying to build an infrastructure that can be popularized from 2017. “We’re working on savings, and that’s something we wouldn’t be able to achieve without the developer community.”
At the same time, he emphasized that he has secured developer support personnel such as advisors and accelerators and is implementing a global support program.
The ‘Supernet’ blockchain network, launched in April, was also promoted as Polygon’s strength in the Web 3 market. Supernet is a specialized blockchain for a specific application, and can improve the convenience of a wallet without having to pay additional maintenance and operation costs every time.
■”No need until update 2.0″… Solana, confident when attacking ‘We 3’
Blockchain platform Solana emphasized that the ecosystem is expanding rapidly with excellent network speed, and infrastructure technology is continuously being developed to support projects.
“At the end of last year, the number of NFTs issued was 5 million, and now it has reached the level of 21 million, and the number of Solana NFT creators is now more than 100,000,” said Tom Lee, Korea representative of Solana Foundation We are rapidly closing the gap with the great Ethereum.”
“Solana is developing a protocol that allows you to receive NFT without receiving a wallet using an NFT tag, and a representative app that uses this technology is ‘Stephen,'” he said. We are continuously developing infrastructure such as ‘Seed Vault’, which manages the application layer separately from the application layer, and ‘Mobile Wallet Adapter’ which connects web apps and Android apps to mobile device wallets, and we consider attracting more users. ” he added.
CEO Tom Lee said, “We are developing the ‘Solana Store’ to solve the problem of not knowing where and how to find and use the app, and we plan to release the phone smart ‘Saga’ in January next year. We also created a $100 million Fund for creation, and we plan to join Korean projects by expanding cooperation, such as forming a partnership with Lambda256, a blockchain technology company.”
Matt Sog, head of product development and Solana Foundation partner, said, “Solana’s on-chain TPS is excellent, at around 4,000 to 6,000, and the number of monthly active users of the application ecosystem is around 21 million. Thousands of transactions are outstanding . is still being processed, and we expect that millions of transactions per second can already be executed.”
Regarding the question of Solana being unstable compared to other layer 1 blockchains, he said, “It has improved compared to the previous one, and the transaction function has been significantly strengthened.” He answered.
Cardano “Don’t overvalue the We3… You should consider practical utility rather than novelty”
Cardano, a blockchain platform that provides cryptocurrency ‘Ada’, presented that it supports the storage of metadata (information about characteristics) on the blockchain.
Mel McCann, head of development at the Cardano Foundation, said, “Cardano’s NFT is a combination of unique assets and metadata.
Regarding Web3, he presented a somewhat cold opinion. McCann said, “There are many stories that Web3 will conquer the Web2 domain in the future, but it is not realistic. Just as coal power did not disappear just because nuclear power came out, the world is a world where various methods coexist, and Cardano and DApp are the legacy of the legacy. We are thinking about which areas we can improve on,” he said.
Attention is drawn to the fact that Web3 does not have to be a new model that did not exist in previous Web services, it should build a simple service model that people can use well.
As an example of this, the fact that Cardano supports the Georgia brewery’s wine quality assurance system was presented. In order to prevent other breweries from selling wine by forging brands, the system was built in a way that records a QR code that is so fragile that it is impossible to forge it on the blockchain.
“The owners of the breweries are not developers and have no interest in blockchain technology, so a simple approach was needed,” McCann said.
Regarding the criticism that Cardano is a little slow in the development of ecosystems, he said, “I admit that it is a little slow, but I want to develop the blockchain slowly and surely rather than developing it in a hurry. Do you want use a chain that has been verified through it
Algorand “Leading Web3 innovation with a consensus algorithm that supports outstanding speed”
Algorand is a Tier 1 blockchain platform that adopts Pure Proof of Stake (PPoS), a self-developed consensus algorithm to provide all decentralization, scalability and security.
“Algorand completes each block in 3.7 seconds, is scalable, and processes 6,000 transactions per second,” said Ryan Fox, Senior Developer Advocate, Algorand. content came out through which operation.”
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He explained that he has attracted a number of web3 projects such as a carbon emissions trading service, a drone racing league, and FIFA’s NFT platform to the Algorand ecosystem with these strengths.
Fox said, “The common point of these cases is that they want to move fans to Web3 and change the space from offline to online. “He said.
