polkadot coin

Can Polkadot Succeed in Creating a More Developer-Friendly Environment?

M Moses |
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Polkadot is an open-source sharded multi-chain protocol that can connect public and private chains, oracles, permissionless networks, and future technologies. It not only secures and connects tokens but all kinds of data or asset types.

Polkadot Will Soon Be Able to Bridge Directly to Ethereum

This altcoin plans on removing the parachain auction system very soon if all goes according to their plan. It plans on replacing it with Agile or Bulk Coretime. Pierre Aubert is the one who provided this information, who is the new VP of Engineering at Parity Technologies.

In case you don’t know, Parity Technologies is the blockchain infrastructure company that operates with the Polkadot project. Now, Parachains are data structures that are designed for validating transactions by using the relay chain.

It also helps with the communication between other connected blockchain systems. Furthermore, the parachin auction system even allows slots to allocate and access certain crucial features on the blockchain.

Recently, Aubert noted that the change would occur as soon as the project moves to Polkadot v2. He also stated that the Coretime would bring about Core Play and Core Jam. However, according to him, the web3 project technology is amazing, but a bit hard to use.

Next, he said that the new structure would be up and going in 6 months. Aubert is certain that the Core Play and Core Jam would give the Polkadot (DOT) users a more friendly experience.

According to him, the goal at the moment is to implement the features that are missing. This will make the system much easier to use, which will allow the users to appreciate the amazing technology more.

Additionally, the VP also noted that the transition will also affect Polkadot’s sister-project Kusama (KSM). After the full implementation of the Core Play and Core Jam, both projects would be able to directly bridge to Ethereum (ETH).

The fact that Polkadot is at the forefront of development in the crypto market is no news for this community. This was supposed to be its biggest strength, as the project seemed committed to offering something better on the market.

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The Competition Is Still Strong.

One of the many reasons why Polkadot is heading in the featured direction could be linked to Cosmos (ATOM) and Cardano (ADA). It looks like these two cryptocurrencies are giving Polkadot fierce competition for the top spot in Development Activity.

The Polkadot Development Activity dropped to 5.71 at press time. This is the lowest reading in the past 7 days. On the other hand, the decrease in this parameter was proof that the project didn’t ship a large number of features at press time.

But, the Development Activity metric isn’t the only thing that is not impressive at the moment. The Network Growth on Polkadot is also below the satisfactory level.

This is a metric that analyses the number of new addresses that are making transfers on a network. As such, it managed to fall during the time of publication. In Polkadot’s case, this decrease was a confirmation that the new wallets were suppressing active participation.

M Moses
M Moses

M MosesContent Creator

I'm a passionate casino writer with good knowledge on how to play casino games. In my spare time I like to write tips and slots reviews for my viewers.

Last Update: October 21, 2024

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