FireProtocol has officially announced the move from Huobi’s Heco blockchain to Polkadot to prioritize platform functionality and generate user interest. Choosing the optimal smart contract platform for hosting a decentralized network is critical to long-term success. FireProtocol has decided to make a change to position itself more strongly for the future. The development team did not take this decision lightly, but after careful consideration, FireProtocol decided to switch its platform to the Polkadot blockchain.
Hello Heco, goodbye Heco
Although Heco is already in operation as a centralized defi platform and intelligent contract platform, it still has many inherent disadvantages. Two of the main factors that led to FireProtocol’s decision to jump ship was the fact that Heco has limited capabilities and a lack of guarantees regarding governance and sustainable platform upgrades. In essence, Heco is currently not in a position to support the functions and development functions required for FireProtocol. So it was time to think about better alternatives.
Some other factors influencing this decision were the general lack of support for the Heco ecosystem to drive the platform adoption and the restrictive limitations on developer tools and features. At FireProtocol, Heco did not focus enough on interactions between applications or general advertising. Both are important for the further growth of a decentralized ecosystem. As for the limitations of the developers, Heco is limited by its semi-central design. This contributes to FireProtocol opting for a completely decentralized and more scalable alternative Speckle.
Before making the final decision on Polkadot, FireProtocol considered alternative networks, but Polkadot was the clear winner. Polkadot offers four main things that seal the deal: high transaction throughput, cross-chain functionality, a high degree of freedom for developers and users, and an easier network upgrade process.
Heco’s consensus model can potentially be prone to hard forking or rollbacks, which can then lead to a delay in transactions. Using Polkadot’s consensus mechanism, the relay chain can continuously create transactions, blocks, and chain blocks, providing a seamless transaction process. Blockchain-agnostic interoperability is also essential, which Polkadot offers its applications that Heco cannot. This also enables the integration of external protocols into the network and opens up new possibilities for FireProtocol in the future.
The last two factors are Polkadot’s high level of freedom and natural upgrade capabilities. By bridging Solidity and EVM Polkadot significantly expands the capabilities for application development. When it comes to on-chain governance and non-bifurcated upgrades, Polkadot offers intuitive governance and upgrade mechanisms, making it a better choice for the development team and users alike.
As a protocol that focuses on a range of decentralized products, switching to Polkadot was the right decision for the community and for FireProtocol.
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