Why does Polkadot need to be split (before the split of Polkadot)

08/18/2023 08:47 • Blockchain Buzz • 107 views

Why does Polkadot need to be split? Before the new round of parallel chain auctions on Polkadot can be realized, a comprehensive upgrade of the entire network is needed to achieve true decentralization and trustlessness.

Polkadot is a Ethereum Virtual Machine blockchain created based on the Substrate framework; it connects various types of blockchains through cross-chain technology. It allows developers to easily build applications, smart contracts, and more.

In order to achieve this goal, it is necessary to first switch from “mainnet” to “backend” and make it able to integrate into existing platforms, allowing anyone to run their applications on their own testnet; then, we will move these tools into the Polkadot ecosystem, including institutions such as the Web3 Foundation, Parity Technologies, and Kusama Council members. This means that you must migrate all the code to this protocol.

Without new bridges or a new slot leasing market, projects on Polkadot can only be forced to abandon them as they have been completely detached from the natively supported blockchains – Polkadot is one of them. Therefore, if you do not believe that Polkadot is a decentralized distributed network, please do not participate anymore!

When a project wants to expand itself, it should be used as an independent network without being a multiple node operator. This is a complex technical engineering but it brings great challenges and difficulties. The Polkadot team decided to take the following steps: 1. Restart the mainnet 2. 3 validators 1. 2 nominators 1. 3 groups of validators. 2. Restart the mainnet 3. Reset governance 2. Update the mainnet 3. Reintroduce the governance module 1. Reset the governance module The sovereignty structure of Polkadot is designed to eliminate reliance on community voting, while ensuring that everyone agrees with what we consider support and feedback. We hope to continue developing this situation under our mechanism. 2. Compared with the previous two versions, this upgrade will be easier to learn and understand, and it does not require too much time and effort to understand these changes. In addition, this adjustment will also increase incentives for some non-core block producers: those who want to allocate their work to the public good and are working hard to gain rewards and punishment measures to maintain the stability of the Polkadot network. With these improvements, the security of the network will be improved, which will help improve overall network performance, reduce costs and operating costs.

Before the split of Polkadot

Polkadot did not undergo a split before the announcement was made, until July 1st when the official website of Polkadot was officially launched. This means that Polkadot’s native token DOT will be converted to DOT on PolkaBTC before circulating in the market, which is the so-called “upgrade” phase.

It is reported that because Polkadot is split into multiple subchains with different blockchain structures, true parallel chains have not yet emerged, so the Polkadot team has not made any response. However, Polkadot has begun to integrate with other networks, including Kusama and Acala, but there have been no new projects or platforms launching new features. (BlockBeats)

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Why does Polkadot need to be split (before the split of Polkadot)

Before the split of Polkadot

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