Polkadot Introduces Agile Coretime: A Step Towards Mainnet Integration
In a significant milestone for Polkadot and its test network, Kusama successfully sold all three cores in its Agile Coretime sale, marking a crucial step towards bringing this revolutionary concept to the mainnet. The sale, which took place on April 30, saw all three cores being purchased for a total of 70 KSM, valued at around $1,980. Each core was bought for 23.4 KSM, approximately $660, allowing buyers to produce blocks on the Kusama network for the next four weeks.
Agile Coretime: The Evolution Of Decentralized Applications
The Agile Coretime concept, devised as a replacement for the parachain auction system, presents an exciting shift for users eager to create blocks or deploy protocols on Polkadot and Kusama. In this new framework, participants can bid for core time, offering a more efficient and streamlined process envisioned by Gavin Wood, the mastermind behind both blockchain platforms.
- Accelerating the onboarding of new decentralized applications (dapps) onto the network
- Enhancing enterprise adoption of Polkadot solutions
This innovative approach supplants the traditional parachain auction system, bringing several advantages. It eliminates the need for long-term slot commitments upfront, a characteristic of Parachains, enabling more flexible resource utilization for new projects and facilitating the engagement of early-stage ventures and individual developers in the ecosystem.
Polkadot Embraces Asynchronous Backing For Increased Throughput
Looking ahead, Polkadot is gearing up to implement Asynchronous Backing on the mainnet in the coming weeks, a development designed to boost transaction processing capabilities, ramp up overall throughput, and introduce enhanced block capacity and shorter block times, all of which promise to enhance network efficiency and user experience.
- Enabling higher transaction processing capacity
- Improving overall throughput of the network
- Increasing block capacity and reducing block times
With this impending upgrade on the horizon, DOT prices are holding steady, maintaining their position in the top-20 cryptocurrencies. Presently valued at around $6.5, DOT is resilient against bearish forces, with strong support levels at the April 2024 lows. However, to regain bullish momentum, prices will need to surpass the $7.5 mark, aiming to reclaim the highs seen in March 2024.
Hot Take: Polkadot and Kusama Forge Ahead with Innovation
In a momentous event that heralds a new era for Polkadot, Kusama, its test network, sold all three cores in its first Agile Coretime sale, as reported on April 30. This achievement, shared by Parity Technologies, the developer of the interoperable blockchain, is a crucial step in their roadmap towards bringing Agile Coretime to the mainnet.
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