Polkadot 2.0 from Gavin Wood's keynote: core time, accords and Sassafras
Thread599 words
Walks through Polkadot 2.0 proposals from the Polkadot Decoded keynote, led by replacing parachain leases with bulk and instantaneous core time, plus accords, Hermit relay, light clients, zk primitives and Sassafras consensus.
Key claims
Core leases to be replaced by monthly bulk sales and on-demand core time
Shorter lockups could improve DOT liquidity
Sassafras is a new forkless block production consensus
In a recent #PolkadotDecoded keynote, @gavofyork unveiled several significant developments and updates for the @Polkadot network 🌐✨
enter Polkadot 2.0 🔮
🧵 (0/18)
1/ a captivating keynote by @gavofyork revealed significant proposed changes for @Polkadot 2.0, most notably the dynamic procurement of "cores" and a fundamental shift in #Polkadot’s architecture
2/ the current lease model for cores is set to be replaced with a system of selling "core time". This innovation aims to offer developers increased flexibility through two types of sales:
🔹 bulk
🔹 instantaneous
3/ the monthly sale of "core time" equips developers with the ability to scale block space as required. This allows for an organic growth model, capable of accommodating projects of various sizes and needs
4/ a "pay as needed" option allows for on-demand access to resources. This flexibility is a game-changer, providing developers with the means to innovate, boost capacity, and improve resource management within the #Polkadot ecosystem
5/ the agility of this new approach was emphasized, with market demand playing a vital role in determining specifics. This reduces the potential for long-term design flaws and promises a more adaptable and resilient network
6/ the new model might also increase the liquidity of $DOT tokens by reducing lockup periods. Although specific details are yet to be determined, the potential benefits to token liquidity and network flexibility are clear
7/ but let's summarize the new upcoming @Polkadot 2.0 features 🔮👇
8/ core rental is a concept that involves the rental of computing resources to increase the computational power within the network. This approach promises to enhance network efficiency and scalability
9/ accords are voluntary treaties across multiple chains. These treaties guarantee the faithful execution of agreed logic, presenting a #decentralized framework for managing digital assets and agreements, thereby laying a robust foundation for decentralized applications
10/ project CAPI is an app-centric middleware, designed to ease the development of Polkadot-based applications. Through CAPI, applications can seamlessly operate across multiple chains, connecting multiple light client instances
11/ Hermit relay is a feature transferring all user-level functionality, including balances, staking, governance & identity to system chains
12/ when paired with the concept of core rental, it allows @Polkadot's functionality to extend across multiple parachains, liberating the relay chain
13/ light clients are lightweight software components that allow users to connect to #blockchains without the need to download the entire blockchain. This improves both accessibility and usability, a crucial step given the vulnerability of centralized RPCs
14/ Smoldot is an alternative lightweight client for #Substrate and #Polkadot. This alternative client offers users a more streamlined experience
15/ #zk primitives is an ongoing development effort to simplify the creation of a library of advanced and high-performance zero-knowledge primitives. The first implementation of zk primitives, which will offer #privacy features for on-chain collectives, is nearing completion
16/ Sassafras consensus is a new forkless block-production consensus algorithm. This new consensus algorithm brings numerous improvements to the @Polkadot network...
17/ ...from enhancing security and randomness to enabling high-performance transaction routing, improving #parachain performance, minimizing #MEV concerns, and preventing front-running
18/ Internode Mixnet is a network infrastructure providing a shielded transport mechanism for short messages within the @Polkadot ecosystem
19/ this infrastructure prevents the leakage of IP information associated with transactions and facilitates communication between users, chains, and off-chain workers
20/ finally, human decentralization refers to the distribution of power and decision-making authority among individuals within #decentralized systems. This creates a more inclusive and democratic network
21/ what do you think about this shift in design by @Polkadot? 🤔
& why did @gavofyork map this out on what looks like a napkin? 😂
4 images on X
What came next · since 07 Jul 2023
Show how the covered asset moved
This breakdown analyzes the project without making a call on the token, so price moves since publication are shown as market context.
Covered, no call
Since then
Zero has written 7 more pieces on Polkadot and $DOT since this one.
- Seven vibe-coded apps built on Polkadot Products devnetOn Polkadot
- Polkadot catalyst checklist: PolkaVM, JAM, agile coretime and DOT ETFCovers $DOT
- Niche verticals and network effects: Polkadot and Sei ecosystem playbooksCovers $DOT
- Polkadot ecosystem status: Hydration, Mythos, peaq, PolkaVM, JAM and DOT ETFsCovers $DOT
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish call in a thesis or market take is tracked; explainers, lists, maps and mentions are neutral context. Not financial advice.