BREAKING NEWS: Dr. Gavin Wood Drops the Gray Paper – A Look at Polkadot's Next Chapter
Happy to release the initial Jam spec in the Gray Paper (10 years after my release of the Yellow Paper): A proposal for the future of
@Polkadot. 👇
JOIN-ACCUMULATE MACHINE: A SEMI-COHERENT SCALABLE TRUSTLESS VM (JAM)
ABSTRACT
“We present a comprehensive and formal definition of Jam, a protocol combining elements of both Polkadot and Ethereum. In a single coherent model, Jam provides a global singleton permissionless object environment—much like the smart-contract environment pioneered by Ethereum—paired with secure sideband computation parallelized over a scalable node network, a proposition pioneered by Polkadot.
Jam introduces a decentralized hybrid system offering smart-contract functionality structured around a secure and scalable in-core/on-chain dualism. While the smart-contract functionality implies some similarities with Ethereum’s paradigm, the overall model of the service offered is driven largely by underlying architecture of Polkadot.
Jam is permissionless in nature, allowing anyone to deploy code as a service on it for a fee commensurate with the resources this code utilizes and to induce execution of this code through the procurement and allocation of core-time, a metric of resilient and ubiquitous computation, somewhat similar to the purchasing of gas in Ethereum. We already envision a Polkadot-compatible CoreChains service.”
Read the Gray Paper 👇
They call me a-not-so-Dr. Wavin Good. Blockchain architect by accident, an aspiring music-visualizing maestro, a chef of slightly-burnt midnight ramen, and my love for beer is as bubbly and persistent as a hard fork on a Friday night.
Co-founded Ethereum, birthed Polkadot, and still chases shiny tech like a Bitcoin-hangover canary with a crypto itch.
I don't pretend to have all the answers, friends. This blockchain lark is a messy business, like wrangling cats in a mosh pit. But hey, at least the beer's always cold, the code keeps me warm, and who knows, maybe one day we'll build a future where everyone can raise a glass to a decentralized pint of freedom.
Cheers! 🍺
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