Welcome to Discover Polkadot’s Latest Developments
Welcome to the latest developments in the Polkadot ecosystem, where we bring you all the exciting updates and advancements happening in the world of Polkadot.
Introducing JAM: A Game-Changer for Polkadot
At the recent Token2049 conference held in Dubai, Polkadot co-founder Gavin Wood unveiled a groundbreaking proposal known as the Join-Accumulate Machine (JAM). This proposal is set to revolutionize the future of Polkadot with its innovative approach.
– The JAM protocol aims to replace Polkadot’s existing Relay Chain with a more modular and minimalistic design.
– It will create a permissionless object environment similar to Ethereum’s smart contract ecosystem.
– JAM will enable Polkadot to run generic “services” and smart contract logic, providing developers with new possibilities for their projects.
– The introduction of a parachains service in JAM will allow developers to run existing parachains built on the Substrate blockchain framework.
Exciting Changes with JAM Implementation
The transition to JAM will bring about significant changes and improvements to the Polkadot network. Here are some key highlights of what to expect:
– The Web3 Foundation described JAM as a protocol that might potentially be renamed as Polkadot in the future, pending approval through a governance proposal.
– Interaction with JAM will require the use of DOT tokens, with no new tokens being issued.
– The Web3 Foundation announced the JAM Implementer’s Prize, offering a substantial DOT prize pool to encourage the development of multiple client implementations for the JAM protocol.
– This initiative aims to enhance network resilience and foster diversity in the development of the JAM protocol.
Polimec Unveils Initial Projects Raising Funds
Polimec, a decentralized community-driven funding protocol, has revealed the first batch of projects that will be raising funds through its platform. Here are some of the exciting projects set to launch fundraising campaigns on Polimec:
– Apillon: A Polkadot development platform that allows developers to create NFTs and other Web3 projects using API connections and a user-friendly interface.
– Mandala Chain: An ecosystem for decentralized applications (dapps) built on an EVM-compatible, open, and permissionless public blockchain created using Substrate.
– GotEM: An investigations DAO that enables users to crowdfund and crowdsource resources for investigations and private security tasks using a decentralized infrastructure.
Polimec’s platform enables projects to raise funds using on-chain credentials while ensuring compliance with regulatory standards.
Hot Take: Stay Tuned for More Polkadot Updates
Stay tuned for more exciting updates and developments in the world of Polkadot as new projects, protocols, and advancements continue to shape the future of this innovative ecosystem. Join us on this journey as we explore the endless possibilities that Polkadot has to offer.
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