On December 31, 2021, Polkadot founder Gavin Wood shared about the project’s achievements in 2021 and revealed the ambitions that DOT is aiming for in 2022.
First, Gavin Wood claims to have recorded 31 Substrate-based mainnets up to now. The various parachains on Polkadot and Kusama have almost 3 million user accounts created and are being run by 6,000 validators. 540 fork-less upgrades are now managed, most of them through decentralized governance processes.
Currently, the first parachain auction has officially closed with 5 projects, Acala, Moonbeam (GLMR), Astar Network, Parallel Finance (PARA) and Clover (CLV), all of which have been deployed to the Polkadot network. , with about 106 million DOT, representing 9% of the total supply. Now, the Polkadot parachain auction returns with its 2nd series of projects, and Efinity (EFI) represents the first winner.
According to him, 2022 will mark the beginning of the next chapter in Polkadot’s great story. As more parachain teams win the auction and link up the DOT mainnet, we will see hyperconnectivity at scale under the security that Polkadot provides.
More than 150 chains are being developed for different purposes, most of them already have testnets, a lot to look forward to. Polkadot is also rolling out decentralized bridges, which the team expects initially to be Parity’s bridge, which will connect Polkadot and Kusama and later Snowfork, which will later connect Polkadot to Ethereum (ETH).
– See more: Polkadot (DOT) Founder Promises Era of Technology That Outperforms Ethereum (ETH)
In addition, Wood said Polkadot intends to optimize its core code as well as reduce network costs and latency issues.
“Our goal is to enable each Polkadot parachain to advance to 1,000 sTPS per shard (standard transactions per second).”
Additionally, Polkadot’s efforts will focus on the “Parathreads” feature, an idea for parachains to temporarily participate on Polkadot, without the need to hire a dedicated parachain location via auction, to ensure that Teams that don’t win the auction will still be guaranteed by Polkadot and make the most of XCMP.
Cross-Chain Message Passing (XCMP) is a mechanism that allows data or content to be moved between two shards, which is first initiated by opening a channel between the two shards. It can be understood simply that XCMP is a feature that helps all parachains to interact and communicate with each other without any external third-party bridge.
In 2021, everyone from the Web3 Foundation and Parity Technologies came together in determination to eliminate the many scam projects that frequently pop up and make Polkadot a secure ecosystem for stakeholders.
Nearly a thousand other phishing sites and platforms in general have been shut down, with more than 460 fake sites identified by the community. The Polkadot founder concluded by highlighting the platform’s successful fundraising initiatives over the past year with the following comment:
“Our ecosystem also continues to grow rapidly in terms of investments, and we now estimate Polkadot consists of around 350 development teams (250 more than last year’s estimate). In 2021 alone, nearly 50 of them have collectively raised over $670 million in early-stage funding.”
Synthetic Coin68
Maybe you are interested:
