Computational Component
of Polkadot Network

2021. © All rights reserved

what is gear?

The most advanced L2 smart contracts, allowing for anyone
to launch any dApp on Polkadot

Just as anyone can seamlessly launch a website on Strikingly

problems
for adopting polkadot

Though a “feature, not a bug”, the absence of smart contracts layers hinders the development and adoption of Polkadot dApps Ecosystem:

Lack of flexibility

Parachains adopt changes slowly

Limited composability

No universal message bus among Parachains and bridges with ETH/ other chains

Lack of extensibility and scalability

Scalability of a dApp
is limited by throughput of a leased Parachain

High entry cost

Expensive: 1 mn DOTs is required
Time-consuming: can easily take 1yr+

how does gear work?

GEAR introduces the most advanced
Polkadot-native layer of smart contracts.

GEAR is based on actor model for communication, provides persistent memory across network instance for forever running programs and ultimately will allow wide range of programs (read smart-contracts) to be used in blockchain context, in developer-friendly fashion.

Actor model of communication between on-chain components gives high composability, better compatibility with parallel code execution and sharding.

GEAR is using WebAssembly under the hood. Any GEAR program is in WebAssembly format. As any blockchain system, GEAR maintains distributed state. This state is also guaranteed to have finalized state if finality gadget is used.

gear use cases

Key features for the end-user
Seamless bootstrap

Simply create a code in RUST as you’d do for a non-blockchain App

Lowest entry costs

No need to lease an own parachain as Gear automatically performs parallel sourcing of parachain slots

Native speed and lowest transaction costs

Fastest speed thanks to a modern VM and parallelizable architecture

Resistance to attacks

Pooled security of Polkadot/Kusama

Go-to solution for any dAPP looking to launch on Polkadot
  • 1
    Whole vertical of DeFi
  • 2
    Infrastructure Middleware /Open APIs / data
  • 3
    Decentralized marketplaces / NFTs
  • 4
    Creators and social tokens

competitive
landscape

POLKADOT ECOSYSTEM
LAYER 1 COMPETITORS

time line

April, 2021
April
MVP
May, 2021
May
Investment round
November, 2021
November
Production ready solutions
December, 2021
December
Stand alone public network (test+canary) GEAR
Q1, 2022
Q1
Kusama parachain
Q2, 2022
Q2
Polkadot parachain