Polkadot Development Activity Reaches An All-Time High
Nearly one year has passed since the beginning of the ecosystem’s characteristic parachain auctions.
Polkadot acknowledged more than 500 contributions each day in September, a record for the multichain protocol, according to statistics from the programming repository GitHub. Polkadot’s cross-consensus interoperability standard XCM reveals that a record 26,258 messages were transmitted across its parachains simultaneously. August on Polkadot’s GitHub saw a total of 14,930 developer contributions.
According to project creators, there are already 66 active blockchains on Polkadot and its parachain startup network Kusama. Since its debut, over 140,000 messages have been sent across 135 communications routes between chains. The Polkadot and Kusama treasuries have paid out a total of $72.8 million to finance spending requests in the ecosystem by distributing 9.6 million DOT and 346,700 KSM.
Individual layer-1 blockchains that operate concurrently on Polkadot and are first tested on Kusama. Auctions for parachain slots are conducted in the form of crowd loans, with the highest-bidding project receiving the spot. The first event of its type occurred in November.
Rob Habermeier, creator of Polkadot, has just presented a roadmap for strengthening the scalability of Polkadot and Kusama. Asynchronous backing, or the decoupling of the extension of parachains from the expansion of the relay chain, is highlighted as a possible technique for reducing parachain block time by 50% while tenfold expanding block space. If implemented, the update would improve network performance to between 100,000 and 1,000,000 transactions per minute.
The asynchronous backing update is anticipated to be implemented on Kusama and Polkadot before the end of the year. Another network update, including “pay-as-you-go” parachains, would potentially connect the establishment of a blockchain on Kusama with the launch of smart contracts. This action would expedite the construction process on Polkadot.
