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GitHub data suggests that popular relay chain network Polkadot (DOT) has seen over 500 contributions per day on an average in September month of this year. The data showed by the programming repository platform was the highest for multichain protocol.
Not just this, cross consensus interoperability standard of Polkadot, XCM’s data suggests that the number of messages sent across the network’s parachains were around 26,258. This figure is also record high for the protocol. In August, GitHub of Polkadot witnessed an overall 14,930 contributions from developers.
The developers on the project stated that about 66 blockchains are available for live on the Polkadot as well as Kusama, its parachain startup network. More than 140K messages are said to be sent over the different chains for exchange through 135 different channels for messaging since the launch of the platform.
As far as overall revenue is concerned, both Polkadot (DOT) Kusama (KSM) Treasuries have generated about 9.6 million DOT tokens while 346,700 KSM tokens. Cumulative amount for both the tokens equates to about 72.8 million USD. The fund is intended to spend for the proposals within the ecosystem.
The parachains, which the Polkadot network facilitates, are individual L1 blockchains which run in parallel format over the Polkadot’s platform. The concept was tested for the very first time over the Kusama network.
The slots for these parachains distributed in the crowdloans form and the process follows to move to the project with the highest bidding. In November 2021, it was the first time when such an instance took place.
Recently, founder of Polkadot network Rob Habermeier went on to publish a roadmap focused on scalability of both Polkadot and Kusama. It was somewhat descriptive but the highlights noted the asynchronous backing or the separation of parachain’s extension from the relay chain’s extension. This acts as a prominent mechanism which acts for reducing the blocktime over parachain by approx 50%. Meanwhile, it also increases the block space by up to 10 times.
The upgrade which is expected to go live soon and is also expected to facilitate more speed to the network. The range estimated could be from 100K to 1 million transactions per minute.
Meanwhile the asynchronous backing upgrade is expected to schedule its development over the platform of Kusama by this year and then it will take place on Polkadot.
One more such upgrade over the network is expected to take place following this which would be introducing parachains based on the ‘pay-as-you-go’ concept. This would theoretically combine the launching of a blockchain on Kusama along with launching of smart contracts. The update is expected to make the building of Polkadot’s development process shorter.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
