Conversation between Dr. Gavin Wood and Bullish CEO: JAM project progress and Blockchain industry outlook

Dr. Gavin Wood recently had a conversation with Bullish CEO Tom Farley, discussing the progress of the JAM project and their views on the Blockchain industry. Here are the main points of the conversation:

JAM Project Progress

• JAM is the next version of the Polkadot protocol, currently in the development stage.
• JAM utilizes the underlying mechanism of Polkadot but provides a more general environment that is not limited to smart contracts.
• The current version of JAM is 0.3.5, and it is expected to launch next summer.

View on Layer 1

• Bitcoin and Ethereum are not exceptions; they must also follow market laws.
• Ethereum still mainly relies on technology infrastructure and services to compete
• Layer 1 will ultimately compete in community and service provision.
• The JAM project aims to achieve leapfrog improvements rather than incremental enhancements.

Developer Community Engagement

• The truly valuable community members are those who focus on innovation.
• Developers choose a certain ecosystem because of its technology and vitality, rather than blind loyalty.
• Driving change requires innovators, not extremists.

The Possibility of Blockchain Integration

• Moderate integration may benefit user experience.
• But excessive integration may stifle innovation
• The market needs to retain different innovative options.

Views on the Current Layer 1 Financing Boom

• Some projects may lack long-term value
• Tokens have become speculative tools that pollute the market.
• A short-term speculative mindset is detrimental to building a long-term valuable project.

Gavin believes that the blockchain industry is still in the stage of innovation, and it needs to maintain an open attitude, but also be wary of the negative impacts brought by excessive speculation.