Major Upgrades for Polkadot Proposed
Polkadot has one of the most active developer communities in the Web3 space, but what are they working on? In his recently published Polkadot Roadmap Roundup, Founder Robert Habermeier offers an early glimpse into the major upgrades planned for Polkadot. You can read the full Polkadot Roadmap Roundup or check out this snippet of what's to come, provided each proposal is approved by governance.
Asynchronous backing has the potential to give Polkadot the lead in scalability, bumping throughput to between 100k and 1 million transactions per second with no impact on security. It will cut the block time for parachains from 12 seconds to 6 and increase block space 5-10x. Besides enhancing the amount of work each parachain can handle, this major scalability improvement would also optimize network performance, allowing for more parachains to be registered.
Parathreads are parachains that connect to Polkadot on a pay-as-you-go basis, without needing to win a parachain auction. Parathreads are the ideal way to join the Polkadot ecosystem and start iterating quickly because they combine the power of a blockchain with the convenience of launching a smart contract.
Hitting an all-time high of cross-chain messages sent in August, Parachains are pushing the boundaries of interoperability. The next update for XCM (cross-consensus messaging) will add some neat features, including improved fee payments, NFT transfers, APIs for interacting with pallets on other chains, and interoperability with external networks like Ethereum through secure trustless bridges. The release of XCMv3 is expected to happen by the end of 2022.
NOMINATION POOLS, NATIVE STAKING
Nomination pools are an upcoming feature that will allow people even with small amounts of DOT to stake without the need for third-party services. Learn more about nomination pools and how to prepare for them in the latest Staking System Update, and check out the new Staking Dashboard for the easiest way to stake natively.
Polkadot & Kusama News
Polkadot founder Gavin Wood published the Polkadot Fellowship Manifesto. The Fellowship is a collective of Polkadot technical experts designed to further decentralize Polkadot governance and increase the scalability of decision making. No other blockchain has such advanced governance capabilities. If you are interested in joining the Polkadot Fellowship, make sure to check out this thread on the Polkadot Forum
For those who have already applied to attend sub0, the Polkadot developer conference, many talks have just been announced. Check out a first glimpse of the program here
Development on Polkadot has hit an all time high. According to GitHub data, Polkadot received 500 or more contributions every day in September - a record for the multichain ecosystem
In their latest State of Polkadot report, Messari have highlighted the growing number of parachains, the increasing adoption of XCM, and the upcoming changes to Polkadot Governance as some of the key activities on Polkadot during Q3
Ecosystem & Community News
Polkadot Community Calls:September’s Call featured updates from Talisman Wallet, Polkadot Latin America Hackathon, Subsocial Network, t3rn, InvArch Network, Bitgreen, and Sequester. The next Community Call is happening on October 26th. Set a reminder to catch it live
Interested to learn the fundamentals of blockchain technology and get started building on Polkadot? Want to dive into Substrate and Rust? Join the Web3x online courses from Web3 Foundation and edX Online for an introduction to all things Polkadot and Web3. For more details, make sure to check out this blog post
Two major stablecoins, Tether and USDC announced they are launching on Polkadot
KILT became the first parachain to successfully migrate from Kusama to Polkadot. Besides marking an important technical milestone, KILT’s migration demonstrates an important use case for the ‘canary network’ model pioneered by Polkadot. Read all about it on the Polkadot blog
Interested in building in the Polkadot ecosystem? Apply for the second intake of the Polkadot DevCamp before October 23rd to learn about Polkadot and parachain development, smart contracts in Substrate, XCM, and more
October 18, 14:00
Polkadot’s first Meetup in Vietnam is sponsored by the Polkadot Event Bounty and organized by leading projects in the ecosystem. Register here to participate in building and growing the Polkadot community in Vietnam and be part of history.
Polkadot Hybrid Meetup
October 28, 19:00
Join the popular Polkadot Hungary Meetup in person at the Local Korner restaurant or participate through the Metaverse.
November 10, 13:00
Come learn about Polkadot, parachain design, and much more at DOT BRNO! Join web3 natives from across Europe for one day of talks, networking, and NFTs.
Learn all about Polkadot’s next-generation governance system, Gov2, from Web3 Foundation`s Radhakrishna Dasari at Messari Mainnet 2022
Interested in learning how to stake? Check out the latest Web3 Foundation AMA series, hosted by the support and TechEd teams
Polkadot Founder Robert Habermeier spoke with CoinDesk about Polkadot as an “ETH collaborator”. Watch the full interview here
Several technical tutorials were published on the Polkadot YouTube channel:
Multisig Accounts with Polkadot-JS UI
Using Anonymous Proxies (Pure Proxies) in Multisig Accounts
Creating a Multisig with Anonymous (Pure) Proxies using the Polkadot-JS UI
Snowfork has initiated a discussion around the long term funding of its trustless Polkadot <> Ethereum light client bridge. This bridge will connect the Polkadot ecosystem to Ethereum in a decentralized way
Polkadot Motion 271, to fund a common good collaboration between Bitgreen, Sequester, and Evercity that aims to estimate and report the collective carbon footprint of the entire Polkadot and Kusama networks, passed a council vote
There is a post seeking feedback for a proposal to allow the Polkadot Collectives Common Good Parachain to connect to Polkadot
Polkadot Referendum 78 proposes an initial configuration for Nomination Pools. Information is now available on the coming rollout of Polkadot nomination pools, which will allow native staking with a small amount of DOT
Kusama Referendum 234, approving a treasury proposal for WagMedia to top up Bounty #12, has passed
Kusama Motion 544, funding a Treasury Proposal to dub Polkadot Decoded 2022 videos to Spanish, has passed a council vote