Tecumseh, Canada/Ontario, September 19, 2024, Chainwire
Agile Coretime paves the way for version 2.0 by improving network scalability, cost, speed and flexibility
The Polkadot community is celebrating the launch of its latest major product, “Agile Coretime,” as part of the ongoing Polkadot 2.0 upgrade. This new feature represents a significant advancement in the way computational resources are allocated and managed within the Polkadot ecosystem, bringing unprecedented efficiency, scalability, and accessibility to projects of all sizes.
Agile Coretime is not just a technical update; it is the most important product release this year for Polkadot as it evolves, through seamless on-chain governance, into a network ready to onboard the Web3 masses. It also serves as a primary catalyst for the rebirth of the entire ecosystem. By making it easier to build and scale projects on Polkadot, this feature is designed to attract a new wave of innovative applications and use cases.
As a second crucial component on the road to Polkadot 2.0, which previously saw the implementation of asynchronous backhaul and will later enable Elastic (NYSE:) Scalability, Agile Coretime redefines the way blockchain resources are allocated by offering a dynamic, on-demand block space model. This new approach replaces the previous auction system, where individual cores were rented for two years at a time. The new approach makes it easier and more cost-effective for projects to access the resources they need, when they need them.
Eskimor, lead developer at Parity Technologies and a core technical contributor to Polkadot, said: “Agile Coretime is a huge milestone in making the high-quality blockchain space offered by Polkadot more accessible. With this and other features we have in the works, I look forward to more amazing experiments and projects launching on Polkadot, showcasing its incredible capabilities. Let’s wake up our sleeping giant!”
One of the key advantages of Agile Coretime is its ability to align resource availability with actual network demand. By dynamically allocating computational resources, Polkadot ensures that no resources are wasted during off-peak periods, while also avoiding congestion during peak hours. This adaptability is crucial for projects with varying needs, as it allows them to scale and operate more efficiently without the burden of high upfront costs.
“Historically, developers have been faced with a binary choice: deploy a smart contract and compete with other protocols for limited block space, or deploy a blockchain and pay for a large amount of dedicated block space,” said Derek Yoo, CEO of Moonsong Labs. “Agile Coretime addresses this challenge by offering a flexible approach. For projects just getting started, you can leverage the power and customization of a blockchain while paying only for the block space you need. For mature projects with product-market fit, Agile Coretime allows for scaling to meet high levels of demand without the need for sharding.”
For new developers and smaller projects, Agile Coretime lowers the barrier to entry by providing access to Polkadot’s robust infrastructure without the need for additional DOT collateral. This democratizes access and encourages greater innovation and participation within the ecosystem.
Projects can purchase core time on-demand or in bulk, providing flexibility or predictability based on their specific needs. On-demand purchases are ideal for projects with fluctuating demands, while bulk purchases offer stable, reliable resource allocation for teams that require a constant flow of block space.
For media inquiries, please contact Jonathan Duran at Jonathan(at)Distractive(dot)xyz
About Polkadot
Polkadot is the powerful and secure core of Web3, providing a shared foundation that unites some of the world’s most transformative blockchains and applications. Polkadot offers an advanced modular architecture that allows developers to easily design and build their own specialized blockchain projects, clustered security that ensures the same high standard for secure block production across all connected chains and the applications connected to them, and strong governance that ensures a transparent system where everyone has a say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, you’re not just a participant—you’re a co-creator with the power to shape its future.
ContactDirector of Marketing CommunicationsJen WheatleyDistractor[email protected]
This article was originally published on Chainwire
