The Web3 Foundation has launched a prize pool of 10 million DOT tokens, equal to roughly $65 million, to assist the implementation of the extremely anticipated Be part of-Accumulate Machine (JAM) upgrade to the Polkadot’s ecosystem.
On Might 27, Polkadot’s founder, Gavin Wood, revealed that the challenge’s group had ratified the proposed upgrade with a near-unanimous governance vote.
JAM Implementers’ Prize
The Foundation stated its initiative goals to foster innovation and improve the Polkadot ecosystem via various implementations of the JAM protocol, thereby growing the community resilience.
The prize encourages the creation of JAM implementations in varied programming languages, together with OCaml, Go, and Zig.
To qualify, contributors should meet particular milestones reminiscent of importing and producing blocks, reaching efficiency requirements on Kusama and Polkadot, and passing safety audits.
The initiative is designed to make sure the event of a decentralized community able to dealing with varied computational duties.
Web3 Foundation stated:
“JAM is an evolutionary, minimalist blockchain protocol designed to reinforce knowledge administration and interoperability inside the community. It is going to be certain that Polkadot continues to offer the main customary on the subject of the safety, flexibility, and scalability of blockspace.”
Moreover, the upgrade introduces revolutionary scalability to the consensus layer, beforehand achievable solely via rollups. This innovation removes the necessity for builders to decide on between appchains and sensible contracts.
The inspiration stated that JAM gives a flexible atmosphere for making certain Layer 2 (L2) scalability with out counting on roll-up options and assembly the various wants of any utility. It added that the sturdy group assist for JAM signifies a readiness to embrace decentralized innovation whereas sustaining excessive requirements.
Though the timeline for the upgrade is presently unknown, the implementation will proceed via 5 steps, together with importation, authoring, velocity checks, and safety audits.
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