LIVEA short explanation of what's new in the Polkadot and kusama ecosystem with the "Coretime" update. i am surprise few people here talk about...
In Polkadot 1.0, when a parachain (a blockchain extension that allows interoperability between different blockchains) wins the auction, it only needs to lock its DOTs in the network for a specified duration (ranging from 6 months to 2 years). Once this period is over, the DOTs are returned in full. Also, if we draw a parallel, this amounts to renting an apartment where the owner only requires an initial deposit, with no monthly rent. When the lease expires, the deposit is refunded in full. So, in this context, this means that by choosing to block your DOTs during these auctions, you are giving up other potential benefits, such as staking to produce an annual return of around 10%.
Conversely, Polkadot 2.0 revolves around the direct sale of Coretime. Blockchains or client applications pay a certain amount to obtain the rights to use Coretime. Thus, income from the sale of Coretime essentially acts as rental income. Therefore, in this model, blockchains or applications have a direct cost.
These changes should make Polkadot more attractive to Web2 companies adopting Web3 frameworks.
today 18 april begining of "Coretime" update planned for Kusama, burn in sight.
