Co-founder of Polkadot Gavin Wooden, took to X earlier on Thursday to tease the discharge of the Be a part of-Accumulate Machine (JAM) improve. This proposal is designed to revolutionize the way forward for Polkadot.
JAM To Change Relay Chain
Wooden unveiled the JAM Grey Paper on the Token2049 crypto convention underway in Dubai, the place he offered particulars concerning the groundbreaking protocol that merges components from each Polkadot and Ethereum. This improve marks an evolution designed to interchange the present Relay Chain with a extra modular and minimalistic design.
In the previous, the present Polkadot Relay Chain catered to interoperability throughout completely different platforms like PARSIQ which displays information and automation throughout blockchains. Polkadot brings an entire new perspective with the introduction of JAM. The protocol is introducing a potential path to interchange the relay chain with a extra modular, minimalistic design.
In his X publish, he highlighted that the Jam Grey Paper got here ten years after Wooden releases the Yellow Paper. Moreover, a ten Million DOT prize pool was introduced by Web3.0 Basis, the entity behind Polkadot. This prize is focused at fostering range throughout the improvement of the JAM protocol.
“The JAM Implementer’s Prize is designed to catalyze this by funding and supporting initiatives that contribute to the event of JAM implementations from the outset,” the agency defined.
Key Plans for the Polkadot JAM Protocol
Based mostly on the design, JAM is a decentralized hybrid system (Ethereum and Polkadot) that provides customers safe and scalable sensible contract functionalities.
It encompasses a worldwide singleton permissionless object surroundings that’s harking back to Ethereum’s sensible contract surroundings. There’s additionally a safe sideband computation parallelized over a scalable node community – an idea pioneered by Polkadot, the interoperability powerhouse.
JAM boasts of options like assured seamless compatibility for builders who’re conversant with the usage of Substrate for blockchain improvement and deployment. This key function is facilitated by parachain providers that help present Substrate-based parachains.
As a Polkadot product, it isn’t shocking that JAM operates solely with DOT, the protocol’s native token. This eliminates the necessity to situation a brand new token whereas simplifying interactions throughout the protocol and leveraging the present infrastructure of the Polkadot community.
For the function it’s going to play within the newly uncovered future, DOT has inked a 2.3% surge up to now 24 hours to $6.75.
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