The post Polkadot Signals Major Shift With Parachain Auctions End appeared on BitcoinEthereumNews.com.

Plans call for Agile Coretime or Bulk Coretime to replace Parachain Auctions. The specifics of the Agile Coretime and Bulk Coretime are currently being worked out. Polkadot (DOT) has announced its intention to eventually phase out parachain auctions, which have been vital to the protocol’s success since its creation. Pierre Aubert, the new VP of Engineering at Parity Technologies (the firm behind the Polkadot protocol), has revealed that the company has plans to replace Parachain auctions with a new mechanism. Aubert claims to agree with the protocol’s eventual goal, which may be bundled as Polkadot V2. Improving Protocol’s User Experience Moreover, plans call for Agile Coretime or Bulk Coretime to replace Parachain Auctions, paving the way for Polkadot’s eventual ability to provide a robust bridge to Ethereum. As an added bonus, the protocol will establish a direct link to its canary chain Kusama. According to Aubert, the next six months of Polkadot’s roadmap will focus on implementing changes that will improve the protocol’s user experience, as outlined in Agile Coretime. He further stated the emphasis for Polkadot today is predicated on boosting developer experience and one of the means by which it hopes to do this is via the recommended Polkadot API. Also, developers working on dashboards will find this tool helpful, he added. Moonbeam Network and Astar Network’s successful deployments on the network demonstrate the revolutionary potential of the Parachain auction concept for powering sidechains. Community members band together in support of the protocols contending for inclusion in Parachain, and are rewarded for their efforts with the parachain’s native token following the network’s debut. The specifics of the Agile Coretime and Bulk Coretime are currently being worked out, but when they are released, they will undoubtedly reflect Polkadot’s approach of easy evolution. Highlighted Crypto News Today: Solana (SOL) Price…

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Filed under: News - @ November 25, 2023 11:08 pm