Since the beginning of the signature parachain auctions within the ecosystem in September, Polkadot has recognized more than 500 contributions daily.
The above information was per the data collected from GitHub. GitHub is an online repository for programming code.
For the multichain protocol, this amount is considered a record high. Additional clues are provided by data from Polkadot’s XCM cross-consensus interoperability protocol.
Data shows an exchange of messages among Polkadot’s parachains, with a record of 26,258 messages. Due to the high records, developers created 14,930 contributions on Polkadot’s GitHub in August.
According to the technology’s developers, Polkadot now has 66 active blockchains. Additionally released by the founders is the parachain startup network Kusama.
Over 140,000 communications have been sent across chains using more than 135 communication channels.
Since the system’s inception, this has been the case for network activity.
The Polkadot and Kusama Treasuries have combined their funds so far. Additionally, both treasuries donated 346,700 KSM ($72.8 million) and 9.6 million DOT.
The donation is intended to support several ecosystem-related spending projects.
Parachains refer to standalone blockchains operating at layer 1. The simultaneous operation of these blockchains on Polkadot precedes their first testing on Kusama.
Crowdloans are used to organize auctions for spots on the parachain. The initiative with the highest offer is chosen to fill the post. This kind of event debuted in November of the previous year.
Improved Scalability and Speed
Polkadot’s inventor, Rob Habermeier, has provided a route map. The plan has the objective of making Polkadot and Kusama more scalable.
This plan’s overarching goal will assist the business in moving forward. One of the features is asynchronous backing. Another name for asynchronous backing is the decoupling of the expansion of the relay chain from the extension of the parachains.
This decoupling may function as a technique to cut the blocktime of parachains in half. Additionally, a ten-fold increase in block space is provided as a result of the decoupling.
It is projected that the network’s speed will increase once the upgrade is implemented. Between 100,000 and 1 million transactions per minute are predicted to grow.
Kusama will be used for the development of the asynchronous backing update. Before the year is through, asynchronous backing is expected to be developed.
It will be integrated into Polkadot after the work is finished. In principle, ‘pay-as-you-go’ parachains will be added in the following network upgrade.
The network upgrade would simultaneously introduce a blockchain on Kusama and smart contracts. The move would result in a shorter time to develop Polkadot.