

WagMedia Polkadot Ecosystem Native Content Creators The purpose of @thatMediaWag is to connect creative talent with project treasuries that want to
Substrate is a web application framework, but to build distributed or decentralized systems like cryptocurrencies or a message bus.
Just like most web applications shouldn’t need to reimplement their own version of HTTP, Substrate tries to eliminate wasted effort and simplify the creation of new blockchains so you don’t have to implement all the network and consensus code from scratch.
This means significant savings in resources and speeds up the implementation of new networks…
Substrate has been developed by Parity and, although it is closely related to Polkadot, it is not part of the same system. In fact, Polkadot is built with Substrate and projects built with Substrate can run natively on Polkadot, but Substrate can also be used to build new blockchains.
Using substrate can save a lot of development costs as it includes systems of:
Substrate has pretty much everything, it’s just missing the state machine. This means that for Substrate to be as generic as possible, it has no transactions. Instead it has “extrinsics”, which are nothing more than binary blocks that you can use to store any data you want. For most chains, these extrinsics will include transactions, but of course they don’t need to be implemented that way.
You could eliminate the concept of a network currency altogether and use Substrate to create a decentralized concurrent system in the style of the Erlang actor model, with a set of trusted authorities to verify the correct behavior of the network.
However, assuming you want currency and transactions, implementing the transaction format is pretty straightforward: just an exchange format and a library to access that data from a language of your choice. It’s even easier than other distributed architectures like microservices – since the code and data it operates on are stored in the same place, you don’t need to apply backward compatibility guarantees for transactions, only for storage. For chains with private transactions the implementation can be more complex.
Polkadot news, guides, and community content at Artickusama.com
WagMedia Polkadot Ecosystem Native Content Creators The purpose of @thatMediaWag is to connect creative talent with project treasuries that want to
What is Moonwell Crypto? Lending & Borrowing DeFi protocol on Moonriver Moonwell is an open lending and borrowing DeFi protocol
Zeitgeist prediction markets, SubQuery lands on Cosmos, Polkadex ambassadors program… Compilation and summary with some of the most interesting news