Polkadot’s Gavin Wood: WebAssembly Is the Future of Smart Contracts, but ‘Legacy’ EVM Is Right Now (2025)

Technology

Election 2024

“It's super important to support these legacy protocols, these legacy languages, and that's what we're doing,” says the former Ethereum developer.

Polkadot’s Gavin Wood: WebAssembly Is the Future of Smart Contracts, but ‘Legacy’ EVM Is Right Now (1)May 25, 2021 at 6:00 p.m. UTC

Updated Mar 6, 2023 at 3:42 p.m. UTC

Polkadot’s Gavin Wood: WebAssembly Is the Future of Smart Contracts, but ‘Legacy’ EVM Is Right Now (2)

Election 2024 coverage presented by

Stand with crypto

Polkadot’s Gavin Wood: WebAssembly Is the Future of Smart Contracts, but ‘Legacy’ EVM Is Right Now (3)

The Ethereum Virtual Machine (EVM) has the pole position among blockchain developers. That's why Gavin Wood says it's important for his Polkadot system of blockchains to support it — at least for the foreseeable future.

Wood was the lead developer when Ethereum was built and is now the founder of Parity Technologies, which created Polkadot and is in the middle of finally rolling out its system of interconnected “parachains.” The EVM is what enables Ethereum to run smart contracts, the innovation it's known for popularizing. When the original team built Ethereum, they tried not to stray too far from what the world was familiar with at that point, which was Bitcoin, Wood said.

  • Polkadot’s Gavin Wood: WebAssembly Is the Future of Smart Contracts, but ‘Legacy’ EVM Is Right Now (5)

    02:08

    Cumberland, Bitnomial Lawsuits vs. SEC, Nigeria Denies Bail for US Compliance Officer

  • Polkadot’s Gavin Wood: WebAssembly Is the Future of Smart Contracts, but ‘Legacy’ EVM Is Right Now (6)

    14:42

    The Future of Crypto and Investment Roundtable: A Dubai Special With Anthony Scaramucci and Jeff Ren

  • Polkadot’s Gavin Wood: WebAssembly Is the Future of Smart Contracts, but ‘Legacy’ EVM Is Right Now (7)

    01:07

    U.S. September CPI Disappoints With 0.2% Increase

  • Polkadot’s Gavin Wood: WebAssembly Is the Future of Smart Contracts, but ‘Legacy’ EVM Is Right Now (8)

    02:17

    U.S. Charges Overseas Crypto ‘Market Makers' for Fraud; Bitcoin 'Unlikely' a Currency: SEC Gensler

  • Speaking at Consensus 2021, Wood acknowledged the EVM's place in blockchain development today.

    "I can't deny that a lot of people are already using EVM, so it's super important to support these legacy protocols, these legacy languages, and that's what we're doing with Polkadot,” Wood said in a pre-recorded interview. “People like EVM, people use EVM – absolutely fine until the next generation really proves its mettle.”

    Polkadot aims to prove itself as a leader in that next generation of smart contract blockchains.

    Legacy

    The EVM has lots of developers and lots of software tools they can use to make coding easier. Other blockchains are playing catchup with those tools, so, Wood said, "It's foolish to just throw those away. But it's not foolish to start thinking about where the next thing is, and that for me is using WebAssembly as smart contracts."

    WebAssembly is a software format that works across the web and works easily with multiple software languages. It was built by the giant web companies and works on all the major browsers.

    Polkadot announced May 17 that its sister network, Kusama, had enabled the launch of parachains, the networked chains that allow Polkadot to run different blockchains with different logic but shared security. This is a key final test before running the same upgrade on Polkadot itself. If that happens, it would represent a realization of the Polkadot vision, which has been in the works since a $147 million initial coin offering in October 2017.

    While Ethereum's existence enabled Parity to raise funds to launch Polkadot, the project was always meant to go beyond the original smart contract blockchain.

    "You see, the problem with EVM is it's a hugely opinionated design. It derives from an already very opinionated design, which is the Bitcoin script design," Wood said. His team wanted to give developers a very non-opinionated format to work with, and that's WebAssembly.

    Upgrades

    Wood also said he believes it's time for blockchains to move on from the idea that upgrading software is bad or dangerous.

    "Blockchains are not fit for purpose in the modern day, like legacy blockchains that rely on hard forks, rely on thwarting their own consensus, are not fit. for modern-day use. It's as simple as that," Wood said. "People expect automatically upgrading apps. They expect automatically securing systems, and they expect it with a minimum of fuss."

    Polkadot comes with its own system for making upgrades on-chain, which Wood said is crucial. But he also explained that Polkadot runs on an extremely simple base protocol that will remain unchanged. The changes will occur a layer up from the base, and that should protect Polkadot as a whole from accidental or surprise forks, he said.

    "If you do it this way, then you can stay ahead of the curve. You can stay on top of technological development. And it won't be too long before people realize, maybe we should make a blockchain that does that as well," Wood said. “But as far as I know, at the moment, Tezos is the only one that kind of has this kind of functionality."

    Polkadot’s Gavin Wood: WebAssembly Is the Future of Smart Contracts, but ‘Legacy’ EVM Is Right Now (9)

    Disclosure

    Please note that our

    privacy policy,

    terms of use,

    cookies,

    and

    do not sell my personal information

    have been updated

    .

    CoinDesk is an

    award-winning

    media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of

    editorial policies.

    CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

    Read more about

    PolkadotConsensus_2021

    Polkadot’s Gavin Wood: WebAssembly Is the Future of Smart Contracts, but ‘Legacy’ EVM Is Right Now (2025)

    References

    Top Articles
    Latest Posts
    Recommended Articles
    Article information

    Author: Terence Hammes MD

    Last Updated:

    Views: 6080

    Rating: 4.9 / 5 (49 voted)

    Reviews: 80% of readers found this page helpful

    Author information

    Name: Terence Hammes MD

    Birthday: 1992-04-11

    Address: Suite 408 9446 Mercy Mews, West Roxie, CT 04904

    Phone: +50312511349175

    Job: Product Consulting Liaison

    Hobby: Jogging, Motor sports, Nordic skating, Jigsaw puzzles, Bird watching, Nordic skating, Sculpting

    Introduction: My name is Terence Hammes MD, I am a inexpensive, energetic, jolly, faithful, cheerful, proud, rich person who loves writing and wants to share my knowledge and understanding with you.