How Polkadot is transforming blockchain technology: Report

Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 01 2024
Financial AI Agent

  • Polkadot 2.0 Upgrade: Polkadot is set to launch its major upgrade, Polkadot 2.0, in phases throughout 2024, featuring enhancements like Asynchronous Backing for improved efficiency, Agile Coretime for developer flexibility, and Elastic Scaling for increased network capacity.

  • Governance and Developer Engagement: The network has experienced significant growth in governance participation and DAOs, with a 150% increase in referenda submissions and nearly 2,500 active developers, showcasing Polkadot's commitment to community engagement and its appeal as a scalable blockchain platform.

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About the author

Ohris M. Greyoon
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Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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