Polkadot doesn't take to be an "Ethereum killer" to succeed, according to protocol founder Gavin Wood.

In a "fireside conversation" with podcaster Laura Shin during the Polkadot Decoded business acme on Thursday, Wood was asked whether his protocol could exist alongside Ethereum given its lofty development goals and growing success in bringing on new developers.

Wood best-selling that the blockchain ecosystem is big enough for both protocols, but said Polkadot is essentially a "bet against blockchain maximalism."

He said the narrative surrounding Ethereum today is that "at that place only needs to ever be one blockchain," merely he added that he never bought into that concept.

"If Ethereum ends up beingness a chain that is sort of bridgeable [...] I retrieve that in that location'southward a very good chance that Polkadot and Ethereum volition happily coexist."

Polkadot is beingness congenital every bit a "network of networks," with "bridging and connectivity" beingness the two key factors driving the creation of a more fluid ecosystem.

Founded in 2016, Polkadot is a multi-chain interoperability protocol that enables the transfer of any type of data or nugget on its network. Information technology's sometimes referred to equally an "Ethereum killer" due to the surge in active development on the platform and potential use cases.

The projection's initial coin offering, or ICO, generated $144.63 million in proceeds in 2017, making information technology one of the nigh successful crowdfunding campaigns. Since launching its mainnet in May and following a successful redenomination of its token, DOT, in August, Polkadot has speedily emerged as a top-ten cryptocurrency.

At the fourth dimension of writing, DOT had a full marketplace capitalization of just over $4.eight billion.

During the more hour-long conversation with Shin, Wood was also pressed about the possible legal implications of Polkadot'south and so-called initial parachain offering, or IPO, which is existence billed as a more than transparent funding method for decentralized applications and other cryptocurrency projects.

Although Wood admitted that there have been no legal consultations on parachain offerings yet, he's not too concerned with regulations because IPOs are more akin to staking than value transferring. He described IPOs as a "guaranteed lock-upward state of affairs and a guaranteed return when lockup is over."