Highlights from
@gavofyork's annual
@Polkadot report
2024 DELIVERED...
💥Optimising, stabilizing, and finessing the product
💥Developing a much broader, more relevant Web3 service platform
💥Polkadot’s extreme levels of performance means teams can now import and serve large non-crypto user-bases... ⤵
🚨🕹️Case Study ->
@mythicalgames launched its
@EnterTheMythos chain providing in-game assets as tradable on-chain NFTs to major mainstream games.
📊NUMBERS & NEW INITATIVES
🔢Transaction volume across parachains up around 300% over the course of the year
👌 A growing number of independent, successful teams delivering valuable products and services. Events group
@joinwebzero cited as a “notable example”
🏋 OpenGov underlines Polkadot as “only major network to make all protocol decisions in a transparent, accessible and resilient manner”
➡️The Polkadot Community Foundation is an adapter for OpenGov to execute tasks for the centralized world, and is available to others in the ecosystem
💥The Spammening event showcased “extreme levels of performance”
💪USER UPGRADES
🌉Trustless Bridging means all chains hosted on Polkadot enjoy elevated connectivity with
@Kusama @ethereum and others by inheriting the programmability of XCM
👥Overall user experience within Polkadot improved “quite dramatically”, eg WALLETS (
@subwalletapp
@wearetalisman @NovaWalletApp)
⭕️Imminent launch of the Polkadot app as a highly agile, decentralized payment system
☊ The Omninode initiative introduces a single node binary capable of syncing and collating pretty much any network built on Polkadot SDK.
🤔 After Asynchronous Backing and Agile Coretime... What's still to come in Polkadot 2.0?
🎚️Multi-core scaling will be pioneered by the new Polkadot Hub - high-frequency, high-performance chains which utilize multiple cores in order to multiply up their volume and slash their latency.
⓷ By utilizing three cores, the Polkadot Hub will go three times the speed of the Polkadot Relay Chain, confirming a full block every two seconds instead of the usual six. This provides an "unprecedented upgrade path for teams who care about future-proofing their solution."
➕Polkadot Hub is a highly coherent, generally synchronous place for people, teams and their logic to collaborate and compose. Centred in Hub is an advanced, Polkadot-native permissionless, cheap and fast smart-contract system. Functionality across the official Polkadot chains will be made conveniently available in the Hub including the staking system, governance & collectives, identity & personhood, all tokens & NFTs as well as all bridges.
OTHER BIG THINGS ON THE HORIZON...
🍓 Citizenship, DAO expansion, JAM
🚨Deep, trustless, effortless Ethereum integration