Relay Chain Replacement And 10M DOT Prize Incentive

Gavin Wood, the founder of the Polkadot protocol, has released a new gray paper outlining the network’s upcoming Join-Accumulate Machine (JAM) upgrade. The announcement was made during Wood’s presentation on the future of Polkadot at the Token2049 cryptocurrency conference in Dubai.

Wood introduced the JAM Implementer’s award, a 10 million DOT prize pool, to encourage diverse development of the JAM protocol.

Polkadot announces JAM upgrade

by announcementthe JAM upgrade aims to replace the relay chain that serves as the central data chain for the Polkadot network with a “more modular, minimalist design” that allows Polkadot to run general-purpose services and improve network stability. Masu.

The parachain service within JAM supports existing Substrate-based parachains, allowing developers to continue to use Substrate to develop and deploy blockchains.

Notably, these services have no predefined limits on code, data, or state capacity and can accommodate additional services. DOT deposit For increased capacity.

The JAM design includes several technical improvements. It replaces WebAssembly with the Polkadot virtual machine, which is based on RISC-V ISA, an open-source instruction set architecture (ISA) used for developing custom processors.

Also introduced is SAFROLE, a SNARK-based block generation algorithm. These upgrades are reportedly designed to optimize performance and scalability within the Polkadot network.

Are you on the path to decentralization?

To realize its vision of a “truly decentralized protocol,” Polkadot aims to support multiple clients implementation. Additionally, the JAM Implementers Award was established to encourage and fund projects that contribute to the development of JAM implementations. The announcement further states the following regarding this matter:

We believe that supporting different implementations in different programming languages ​​strengthens the foundation of the ecosystem. This spreads the power of protocol implementers more widely and reduces the risk that a bug in one implementation will bring down the entire network.

The JAM Implementer Award will collaborate with existing and future funding initiatives that support Polkadot’s ecosystem and technology stack. These efforts include decentralized futures, grants, and Polkadot’s on-chain treasury.

The prize will be activated once JAM is approved as a Polkadot technology through the network’s on-chain. governance mechanism.

Overall, Gavin Wood’s introduction of the JAM upgrade and its associated 10 million DOT bounty reflects Polkadot’s intent to increase usage and adoption of the protocol. JAM’s modular design and incentives for multi-client implementation are also expected to contribute to continued efforts to decentralize the Polkadot network.

As development of JAM progresses, the Polkadot ecosystem welcomes suggestions from teams interested in implementing it in various programming environments.

The daily chart shows that the price of DOT is in a downtrend. sauce: DOTUSD on TradingView.com

Despite recent announcements, the network’s native token, DOT, downward trend It was spotted last month. It is currently trading at $6.75, reflecting a significant price decline of 24% over the past 30 days.

Featured image from Shutterstock, chart from TradingView.com

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