Highlighted Deep Dive Into Polkadot/Substrate/Kusama/Parastate(4)
#Dr.Gavin-Wood #Polkadot#kusama#ParaState#Substrate
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*Introducing
ParaState is a proof-of-stake blockchain platform that says its goal is to ParaState aims to become a Polkadot parachain that extends the frontier of Ethereum with substrate framework. By supporting 20+ programming languages to create Ethereum-compatible multi-chain smart contract.
@State-Token
ParaState is a decentralized autonomous organization (DAO) funded by license fees (as a percentage of gas fees) generated by transactions on other networks using ParaState technology.
Any blockchain project that is interested in taking advantage of the technical advantages of ParaState EWASM will be charged licensing fees in the native currencies of these blockchains. Therefore, the intrinsic value of STATE is backed by a basket of native cryptocurrencies from these blockchain projects.
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Polkadot (bridge assets via Snowfork/Interlay).
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intermediate representation = IR
https://docs.substrate.io/v3/getting-started/glossary/
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Reseacher & Organized by:
🙏#Arman-Riazi🤝