Journalist
Posted:
- Polkadot will phase out the auction system and implement a simpler model.
- The new system could be ready in six months.
If all goes as planned, Dot [DOT] will soon remove the parachain auction system and replace it with Agile or Bulk Coretime. This was announced by Pierre Aubert, the new VP of Engineering at Parity Technologies.
Parity Technologies is the blockchain infrastructure company behind the Polkadot project. Parachains are data structures responsible for validating transactions using the relay chain. It also helps communicate with other connected blockchain systems.
On the other hand, the parachain auction system allows the allocation of slots to access certain features on the blockchain. Aubert, who was a guest on The Kusamarain podcast, said the change would occur when the project transitions to Polkadot v2.
Difficult, but ready to become simple
According to him, the Coretime would bring about Core Jam and Core Play. While the VP said the web3 project technology was great, he admitted it was a bit difficult to use.
Moreover, he noted that the new structure would be ready within six months. Additionally, Aubert noted that Core Jam and Core Play would provide users with a friendlier experience.
In his words, Aubert said:
“We are a very cool technology. But it is difficult to use. Over the next six months, our goal is to implement some features that are missing to make the system more user-friendly.”
However, Aubert also revealed that Polkadot’s sister project Kusama [KSM] will also be affected by the transition. With the full implementation of the Core Jam and Core Play, he said that both Polkadot and Kusama could directly bridge to Ethereum [ETH].
It’s not news to the blockchain community where Polkadot is leading the way development in the sector. Yet the project, in what should be its greatest strength, seemed determined to create something better.
The battle has no winner yet
There could be a reason why Polkadot is going this way Cardano [ADA] And Cosmos [ATOM]. These two seem to be giving Polkadot a battle for the top spot in Development Activity.
At the time of writing, Polkadot development activity had fallen to 5.71 – the lowest figure in the past seven days.
Source: Santiment
This decline in development activity was evidence that the project had not delivered many new features at the time of writing. Like the development activity metric, network growth on Polkadot has also not been impressive.
Realistic or not, here it is DOT’s market capitalization in ADA terms
This metric, which analyzes the number of new addresses performing transfers on a network, was tumbled during the time of publication, according to AMBCrypto’s analysis of Santiment’s data.
In the case of Polkadot, declining network growth was confirmation that new wallets were holding back active participation.