Polkadot, a popular blockchain protocol, has recently made significant advancements to improve its network performance. One of the key upgrades includes enabling Asynchronous Backing on the network, which optimizes how parachain blocks are validated by the Relay Chain. This enhancement has led to a doubling of block production speed and a 6-10 times increase in available blockspace. As a result, there is now 3-5 times more extrinsic per block and higher utilization of parachain blocks. The team behind Polkadot stated that “Async Backing boosts throughput by 8x, without sacrificing security, paving the way for supporting Web3 applications across verticals such as gaming and DeFi.”
Join-Accumulate Machine (JAM) Gray Paper
In addition to the network improvements, Polkadot recently released the Join-Accumulate Machine (JAM) Gray Paper, which outlines a prospective design to advance the Relay Chain. This design combines elements of Polkadot and Ethereum, providing a global singleton permissionless object environment similar to Ethereum’s smart-contract environment. The JAM Gray Paper also includes secure sideband computation parallelized over a scalable node network, a concept pioneered by Polkadot. This development showcases Polkadot’s commitment to innovation and collaboration within the blockchain space.
Potential Sponsorship Deal with Inter Miami
Aside from its technical advancements, Polkadot is also exploring a potential $8.8 million sponsorship deal with the American soccer club Inter Miami. Nico Zini, Partnership Marketing and Media Rights for Inter Miami, hinted at a collaboration between the two entities. If the deal goes through, it will further solidify Polkadot’s presence in the sports industry. This is not the first time Polkadot has ventured into the world of sports, as it previously had an opportunity to become FC Barcelona’s official jersey sponsor. While the Catalan club ultimately chose Spotify, the potential partnership with Inter Miami represents another exciting opportunity for Polkadot to expand its brand presence.
Polkadot’s recent network improvements and potential sponsorship deal with Inter Miami highlight the protocol’s continuous growth and evolution. With enhanced network performance and strategic partnerships in the pipeline, Polkadot is positioning itself as a key player in the blockchain industry. It will be interesting to see how these developments unfold and the impact they will have on Polkadot’s future trajectory.
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