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Polkadot: A Deep Dive into Recent Developments
Welcome to Decrypt’s Week in Polkadot, a comprehensive overview of the latest advancements within the Polkadot ecosystem. In this edition, we delve into the noteworthy updates that have recently taken place.
Gavin Wood Explores the JAM Upgrade
Polkadot’s founder, Gavin Wood, recently provided a detailed exploration of the network’s proposed Join-Accumulate Machine (JAM) upgrade. Following the release of the graypaper outlining the upgrade, Wood participated in an enlightening podcast interview with The Kusamarian. During the discussion, Wood highlighted how JAM signifies a significant progression towards his original vision of creating a scalable world computer capable of processing vast amounts of transactive computational data.
Furthermore, Wood shared some rough estimations regarding JAM’s computational performance, suggesting that it could potentially achieve remarkable feats, such as handling 500,000 to millions of times the computation performance of the Ethereum Virtual Machine (EVM).
DeFi Navigation Platform Joins Polkadot
A notable development within the Polkadot ecosystem is the integration of MapMetrics, a drive-to-earn navigation app that enables users to earn rewards by mapping the world. The app has transitioned to peaq, a Polkadot-based parachain specializing in supporting decentralized physical infrastructure networks (DePINs).
Peaq’s focus on maintaining decentralized networks of physical hardware, including sensors, wireless infrastructure, and energy grids, aligns well with MapMetrics’ objectives. With a user base spanning 55,000 users and devices in 177 countries and a strategic partnership with Microsoft’s Bing Maps, MapMetrics aims to leverage the synergies within the peaq ecosystem following its migration from Solana.
Polkadot’s Presence at Southeast Asia Blockchain Week
PolkaPAT, a key contributor to the Polkadot ecosystem in the Asia-Pacific region, participated in Southeast Asia Blockchain Week alongside Rug Radio contributor Pukerainbow. The discussion delved into various topics, including the upcoming JAM Upgrade vote within the Polkadot community and the increasing interest of western Polkadot developers in the Southeast Asian market.
Acala Introduces Sinai Upgrade
Acala, an influential parachain within the Polkadot ecosystem, recently unveiled its Sinai Upgrade. This upgrade focuses on facilitating multichain integration through the utilization of Cross-Consensus Messaging (XCM) and Wormhole technology, enabling seamless cross-chain transactions.
Users will now have access to staking, liquidity provisioning, and lending services across major platforms like Polkadot, Ethereum, and Solana, further enhancing the interoperability and utility of the Acala platform.
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