By Two months after Kusama, Polkadot has partnered with Luxembourg-based Blockchain.com. Through a blogpost on Aug 20, Blockchain.com said their collaboration with the interoperability-advocating platform will help “accelerate the adoption and decentralization of Polkadot tokens (“DOTs”).”
Polkadot, which describes itself as a platform for Web3, is a creation of Robert Habermeier, Peter Czaban and Dr. Gavin Wood. Their objective is to bring about true interoperability and that involves empowering blockchain networks to work together under what they say is the “protection of shared security.”
To make this possible, Polkadot has a low barrier to entry for flexible and autonomous economies. It is also scalable thanks to their innovative architecture enabling a common set of validators to secure multiple blockchains. In this arrangement, there is inherent scalability since transactions are instantaneously spread across multiple parallel blockchains without sacrificing privacy.
New Governance and Decentralization
Upon complete integration, Polkadot will completely inverse their governance model. A reserve for miners, the entry of Blockchain-Luxembourg’s 41 million miners will set the ball rolling for a shift in the platform’s governance. This is because DOT owners will partake in Polkadot’s governance activities like voting on and council members besides controlling how the network is upgraded to suit the ever-evolving market needs without a hard fork.
Peter Smith, co-founder and CEO of Blockchain, lauded Polkadot and highlighted the depth of the team’s experience and their vision of true decentralization saying:
“Polkadot is exactly the type of purpose-driven network we’ve always supported at Blockchain. The team behind the project has a wealth of experience, and shares our vision for a decentralized future where users are in control.”
This development is roughly six months after the exit of Afri Schoedon. Before he was lambasted for comparing Ethereum’s Serenity with Polkadot, Afri was a leading core developer at Ethereum. Heavily criticized and trolled, he announced on Twitter that he was resigning.
The Trade Mark Case Against Paymium Will Go On
In other news, perhaps exacerbated by Paymium’s marketing claims that their token had been registered by the US Securities and Exchange Commission (SEC) in the run-up to their ICO, their trademark infringement case with Blockchain.com is on following the New York Federal Court’s decision not to dismiss the case.
Even though Paymium had filed a motion for dismissal citing “failure (of Blockchain.com) to state claim upon which relief can be granted,” the court agreed with Blockchain.com’s argument that Paymium’s trademark had acquired secondary meaning.“Paymium’s use of the [BLOCKCHAIN.IO] Marks is likely to cause consumers mistakenly to believe that the Paymium’s products emanate from or are otherwise associated with [Blockchain].”
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