Polkadot hits record level of development activity

It's been almost a year since the ecosystem signature parachain auctions began.
According to data from the GitHub programming repository, Polkadot acknowledged more than 500 contributions each day in September, an all-time high for the multi-chain protocol. Simultaneously, data from Polkadot's XCM cross-consensus interoperability standard shows that a record 26,258 messages were sent between its parachains. A total of 14,930 developer contributions were registered on Polkadot's GitHub in August.

As the project developers said, 66 blockchains are now active on Polkadot and its parachain startup network Kusama. Since its inception, more than 140,000 messages have been exchanged between channels through 135 messaging channels. Together, the Polkadot and Kusama treasuries paid a total of DOT 9.6 million and KSM 346,700 ($72.8 million in total) to fund the ecosystem spending proposals.

Parachains are individual layer-1 blockchains that run in parallel on Polkadot and are first tested on Kusama. Auctions for parachain slots take place in the form of equity loans, with the position going to the highest bidder project. The first of its kind took place last November.

Moving forward, Polkadot founder Rob Habermeier recently released a roadmap on improving the scalability of Polkadot and Kusama. Highlights include asynchronous support, or decoupling parachain extension from relay chain extension, as a potential mechanism to reduce parachain blocking time by 50% while increasing space block given 10 times. The upgrade, should it go live, is also expected to increase network speed between 100,000 and 1 million transactions per minute.

The asynchronous support upgrade is planned for development on Kusama by the end of the year, then on Polkadot. Another network upgrade planned for the upcoming introduction of “pay-as-you-go” parachains would theoretically combine the launch of a blockchain on Kusama with the simultaneous launch of smart contracts. This decision would shorten the development process to rely on Polkadot.

Crypto Oct 17, 2022 0 44 Add to Reading List

Polkadot hits record level of development activity

It's been almost a year since the ecosystem signature parachain auctions began.

According to data from the GitHub programming repository, Polkadot acknowledged more than 500 contributions each day in September, an all-time high for the multi-chain protocol. Simultaneously, data from Polkadot's XCM cross-consensus interoperability standard shows that a record 26,258 messages were sent between its parachains. A total of 14,930 developer contributions were registered on Polkadot's GitHub in August.

As the project developers said, 66 blockchains are now active on Polkadot and its parachain startup network Kusama. Since its inception, more than 140,000 messages have been exchanged between channels through 135 messaging channels. Together, the Polkadot and Kusama treasuries paid a total of DOT 9.6 million and KSM 346,700 ($72.8 million in total) to fund the ecosystem spending proposals.

Parachains are individual layer-1 blockchains that run in parallel on Polkadot and are first tested on Kusama. Auctions for parachain slots take place in the form of equity loans, with the position going to the highest bidder project. The first of its kind took place last November.

Moving forward, Polkadot founder Rob Habermeier recently released a roadmap on improving the scalability of Polkadot and Kusama. Highlights include asynchronous support, or decoupling parachain extension from relay chain extension, as a potential mechanism to reduce parachain blocking time by 50% while increasing space block given 10 times. The upgrade, should it go live, is also expected to increase network speed between 100,000 and 1 million transactions per minute.

The asynchronous support upgrade is planned for development on Kusama by the end of the year, then on Polkadot. Another network upgrade planned for the upcoming introduction of “pay-as-you-go” parachains would theoretically combine the launch of a blockchain on Kusama with the simultaneous launch of smart contracts. This decision would shorten the development process to rely on Polkadot.