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Intro to Polkadot and Kusama
Dan Reecer - VP of Growth at Acala
Dan Reecer
VP of Growth at Acala & Karura
Twitter: @danreecer_
Background:
● Prev. Growth & Community at Web3
Foundation (Polkadot & Kusama
Launch Team)
Founding Team
Dr. Gavin Wood
Polkadot co-founder
Web3 Foundation president;
co-founder and former chief
technology of Ethereum
Peter Czaban
Polkadot co-founder
Former Web3 Foundation
technology director
Robert Habermeier
Polkadot co-founder
Thiel Fellow
Revolutionizes online
governance thru open,
community-driven
decision-making
Enables
custom-made
platforms built for
specific apps
Self-upgrades
allowing it to be
future-proof
Handles heavy traffic
at scale
Connects
networks
together
Plug-and-play
security
Revolutionizes online
governance thru open,
community-driven
decision-making
Enables
custom-made
platforms built for
specific apps
Self-upgrades
allowing it to be
future-proof
Handles heavy traffic
at scale
Connects
networks
together
Plug-and-play
security
Ethereum
Bitcoin
Custom blockchain built
on top of Polkadot
Single blockchains can be built to
do one thing really well
Single blockchains can also be built
to attempt to do a lot things just ok
Blockchains are
custom-built on
Polkadot for
specific uses
Polkadot connects a network of
custom-built blockchains (called
parachains) into one unified network
Example custom blockchains: DeFi (Acala), IOT, insurance,
gaming, music, identity, government, data storage
Polkadot also uses bridges to connect to legacy
networks and Polkadot’s cousin network, Kusama
Bitcoin
Tezos
Ethereum
Hyperledger
Revolutionizes online
governance thru open,
community-driven
decision-making
Enables
custom-made
platforms built for
specific apps
Self-upgrades
allowing it to be
future-proof
Handles heavy traffic
at scale
Connects
networks
together
Plug-and-play
security
Blockchains on Polkadot are custom-built
and optimized for specific uses, like a
producer would use a music equalizer
Blockchains on Polkadot and Kusama are custom-built and
optimized for specific uses with a framework called Substrate
Acala Dollar (aUSD)
Liquid DOT (LDOT)
Acala DEX
Acala has built several
custom DeFi pallets:
Acala EVM
Chainlink has built a
custom oracle pallet:
Chainlink Oracle
Revolutionizes online
governance thru open,
community-driven
decision-making
Enables
custom-made
platforms built for
specific apps
Self-upgrades
allowing it to be
future-proof
Handles heavy traffic
at scale
Connects
networks
together
Plug-and-play
security
Polkadot & Kusama handle transactions
at the scale of global commerce
*https://usa.visa.com/dam/VCOM/download/corporate/media/visanet-technology/aboutvisafactsheet.pdf
**https://usa.visa.com/run-your-business/small-business-tools/retail.html
Visa
Polkadot & Kusama 166,666 + tps capacity
65,000 tps capacity in 2018*
Ethereum 15-20 tps capacity
Bitcoin 7 tps capacity
1,736 actual transactions processed per second in 2020**
Revolutionizes online
governance thru open,
community-driven
decision-making
Enables
custom-made
platforms built for
specific apps
Self-upgrades
allowing it to be
future-proof
Handles heavy traffic
at scale
Connects
networks
together
Plug-and-play
security
Blockchain governance
No governance
One person or small group decides on the network’s future
The community proposes and votes on decisions that
impact the network’s future
1
2
3
Polkadot’s novel governance system puts
decisions on the network’s future in the hands
of users instead of an individual
Propose a
public
referendum
Prioritize
public
referenda
Vote on all
active
referenda
Vote for
council
members
Become a
council
member
DOT holders can contribute to the
future of Polkadot in several ways
Revolutionizes online
governance thru open,
community-driven
decision-making
Enables
custom-made
platforms built for
specific apps
Self-upgrades
allowing it to be
future-proof
Handles heavy traffic
at scale
Connects
networks
together
Plug-and-play
security
Polkadot & Kusama make security easy for new blockchain teams
by allowing them to plug right into an existing validator set...
...and focus on what they do best, coding.
Revolutionizes online
governance thru open,
community-driven
decision-making
Enables
custom-made
platforms built for
specific apps
Self-upgrades
allowing it to be
future-proof
Handles heavy traffic
at scale
Connects
networks
together
Plug-and-play
security
Polkadot can continuously upgrade and
remain future-proof like a Tesla that can
be upgraded over the air
Future-proof
Polkadot and Kusama (layer 0 metaprotocol)
(layer 1)
Parachain B
(layer 1)
Parachain C
(layer 1)
Apps, users, liquidity Apps, users, liquidity Apps, users, liquidity
Ethereum is a layer-1
equivalent to one
Polkadot parachain
Legacy networks like Ethereum are two layers: Layer 1 platform (Ethereum), then
the Application layer (Uniswap, Compound, etc.)
Polkadot & Kusama both add a new layer zero “meta-protocol” layer, connecting many
layer 1 parachains, each with their own application layer and all fully interoperable
What is Kusama?
● Polkadot’s wild cousin
● Same network setup as Polkadot (parachains,
validators, etc.)
● Moves faster: 7 day governance cycle vs 28 days on
Polkadot
● More risk appetite and willingness to experiment -
new features go live on Kusama before Polkadot
● Lower economic barrier - less cost for parachains to
get a slot vs. on Polkadot
● Will be bridged to Polkadot
● New model: Kusama introduced a new model for
blockchain development where code now goes from
testnet (Rococo & Westend) to Kusama, then to
Polkadot.
For further Polkadot/Kusama introductory education:
1. Polkadot for Beginners Twitter thread.
2. Polkadot for Beginners on YouTube.
Feel free to reach out on Twitter with questions or
collaborations: @danreecer_
Learn more about Acala and Karura at http://acala.network
Thank you

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Intro to Polkadot & Kusama

  • 1. Intro to Polkadot and Kusama Dan Reecer - VP of Growth at Acala
  • 2. Dan Reecer VP of Growth at Acala & Karura Twitter: @danreecer_ Background: ● Prev. Growth & Community at Web3 Foundation (Polkadot & Kusama Launch Team)
  • 3.
  • 4. Founding Team Dr. Gavin Wood Polkadot co-founder Web3 Foundation president; co-founder and former chief technology of Ethereum Peter Czaban Polkadot co-founder Former Web3 Foundation technology director Robert Habermeier Polkadot co-founder Thiel Fellow
  • 5. Revolutionizes online governance thru open, community-driven decision-making Enables custom-made platforms built for specific apps Self-upgrades allowing it to be future-proof Handles heavy traffic at scale Connects networks together Plug-and-play security
  • 6. Revolutionizes online governance thru open, community-driven decision-making Enables custom-made platforms built for specific apps Self-upgrades allowing it to be future-proof Handles heavy traffic at scale Connects networks together Plug-and-play security
  • 7. Ethereum Bitcoin Custom blockchain built on top of Polkadot Single blockchains can be built to do one thing really well Single blockchains can also be built to attempt to do a lot things just ok
  • 8. Blockchains are custom-built on Polkadot for specific uses Polkadot connects a network of custom-built blockchains (called parachains) into one unified network Example custom blockchains: DeFi (Acala), IOT, insurance, gaming, music, identity, government, data storage
  • 9. Polkadot also uses bridges to connect to legacy networks and Polkadot’s cousin network, Kusama Bitcoin Tezos Ethereum Hyperledger
  • 10. Revolutionizes online governance thru open, community-driven decision-making Enables custom-made platforms built for specific apps Self-upgrades allowing it to be future-proof Handles heavy traffic at scale Connects networks together Plug-and-play security
  • 11. Blockchains on Polkadot are custom-built and optimized for specific uses, like a producer would use a music equalizer
  • 12. Blockchains on Polkadot and Kusama are custom-built and optimized for specific uses with a framework called Substrate Acala Dollar (aUSD) Liquid DOT (LDOT) Acala DEX Acala has built several custom DeFi pallets: Acala EVM Chainlink has built a custom oracle pallet: Chainlink Oracle
  • 13. Revolutionizes online governance thru open, community-driven decision-making Enables custom-made platforms built for specific apps Self-upgrades allowing it to be future-proof Handles heavy traffic at scale Connects networks together Plug-and-play security
  • 14. Polkadot & Kusama handle transactions at the scale of global commerce *https://usa.visa.com/dam/VCOM/download/corporate/media/visanet-technology/aboutvisafactsheet.pdf **https://usa.visa.com/run-your-business/small-business-tools/retail.html Visa Polkadot & Kusama 166,666 + tps capacity 65,000 tps capacity in 2018* Ethereum 15-20 tps capacity Bitcoin 7 tps capacity 1,736 actual transactions processed per second in 2020**
  • 15. Revolutionizes online governance thru open, community-driven decision-making Enables custom-made platforms built for specific apps Self-upgrades allowing it to be future-proof Handles heavy traffic at scale Connects networks together Plug-and-play security
  • 16. Blockchain governance No governance One person or small group decides on the network’s future The community proposes and votes on decisions that impact the network’s future 1 2 3
  • 17. Polkadot’s novel governance system puts decisions on the network’s future in the hands of users instead of an individual Propose a public referendum Prioritize public referenda Vote on all active referenda Vote for council members Become a council member DOT holders can contribute to the future of Polkadot in several ways
  • 18. Revolutionizes online governance thru open, community-driven decision-making Enables custom-made platforms built for specific apps Self-upgrades allowing it to be future-proof Handles heavy traffic at scale Connects networks together Plug-and-play security
  • 19. Polkadot & Kusama make security easy for new blockchain teams by allowing them to plug right into an existing validator set... ...and focus on what they do best, coding.
  • 20. Revolutionizes online governance thru open, community-driven decision-making Enables custom-made platforms built for specific apps Self-upgrades allowing it to be future-proof Handles heavy traffic at scale Connects networks together Plug-and-play security
  • 21. Polkadot can continuously upgrade and remain future-proof like a Tesla that can be upgraded over the air Future-proof
  • 22.
  • 23. Polkadot and Kusama (layer 0 metaprotocol) (layer 1) Parachain B (layer 1) Parachain C (layer 1) Apps, users, liquidity Apps, users, liquidity Apps, users, liquidity Ethereum is a layer-1 equivalent to one Polkadot parachain Legacy networks like Ethereum are two layers: Layer 1 platform (Ethereum), then the Application layer (Uniswap, Compound, etc.) Polkadot & Kusama both add a new layer zero “meta-protocol” layer, connecting many layer 1 parachains, each with their own application layer and all fully interoperable
  • 24. What is Kusama? ● Polkadot’s wild cousin ● Same network setup as Polkadot (parachains, validators, etc.) ● Moves faster: 7 day governance cycle vs 28 days on Polkadot ● More risk appetite and willingness to experiment - new features go live on Kusama before Polkadot ● Lower economic barrier - less cost for parachains to get a slot vs. on Polkadot ● Will be bridged to Polkadot ● New model: Kusama introduced a new model for blockchain development where code now goes from testnet (Rococo & Westend) to Kusama, then to Polkadot.
  • 25. For further Polkadot/Kusama introductory education: 1. Polkadot for Beginners Twitter thread. 2. Polkadot for Beginners on YouTube.
  • 26. Feel free to reach out on Twitter with questions or collaborations: @danreecer_ Learn more about Acala and Karura at http://acala.network Thank you