Polkadot 2.0 to Launch in Q1 2025 As Development in Final Phase
Polkadot 2.0 is the latest upgrade of the Polkadot network and will be launched in the first quarter of 2025. An early testnet version of the blockchain is already available on the Kusama network.
Earlier today, Parity Technologies, the developer behind Polkadot, confirmed the release date.
Polkadot 2.0 will introduce much-needed scalability to the blockchain
Polkadot 2.0 represents a major upgrade to Polkadot Polkadot Networkintroducing technological advancements to enhance scalability, flexibility, and accessibility for developers.
According to Parity Technologies, the upgrade will have three key features – asynchronous support, agile Coretime and elastic scaling.
The first two functions have been successfully implemented in the network. The team is currently working on Elastic Scaling development by Q1 2025 emission.
“The last part of Polkadot 2.0 is elastic scaling. Projects will be able to add multiple cores for a task, shorten block production time, or add cores on demand if they encounter throughput issues.” Polkadot CEO Emil Kietzman wrote on X (formerly Twitter).
These features will reduce block time from 12 seconds to 6 seconds, thereby increasing transaction throughput. DApps and other projects on Polkadot 2.0 will be able to access network resources on demand, breaking away from the traditional parachain slot machine auction model.
Most importantly, elastic scaling will allow the network to dynamically expand as needed. These enhancements in Polkadot 2.0 may lower the barrier to entry for developers.
DOT surged in November, rising more than 100%. network High staking returns Attracting new users in 2024. According to an earlier report from CoinGecko, Polkadot ranks among the top three blockchains Provide the highest staking returns.
In addition, the network interoperability has received a wider Positive reviews from the developer community. Another report earlier this year named Polkadot A leading blockchain in development and community engagement.
Despite these recognitions, the network has suffered widely over the past few years due to a lack of scalability. As a result, the number of core developers on the network has gradually decreased. reduce.
Polkadot 2.0 may change this and introduce much-needed scalability and accessibility to the blockchain. A successful launch leads to more DApps in the ecosystem And promote the market prospects of DOT.
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