Polkadot 2.0, the latest upgrade to the Polkadot (DOT) network, will launch in Q1 2025. An initial testnet version of the blockchain is already available on the Kusama network.
Parity Technologies, the developer of the network behind DOT, confirmed the launch period today (29).
Polkadot 2.0 and its news
Polkadot 2.0 represents a significant upgrade to the Polkadot network, introducing technical advancements to improve scalability, flexibility, and accessibility for developers.
According to Parity Technologies, the update will have three main features: Async Backing, Agile Coretime, and Elastic Scaling.
The first two features have been successfully implemented on the network. The team is currently working on Elastic Scaling ahead of a Q1 2025 launch.
The final part of Polkadot 2.0 is Elastic Scaling. Projects will be able to add multiple cores to a task, shorten block production times, or add cores on demand if they run into throughput issues, Polkadot executive Emil Kietzman wrote in X
These features will reduce block times from 12 seconds to 6 seconds, increasing transaction throughput. DApps and other projects on Polkadot 2.0 will be able to access network resources on demand, moving away from the traditional parachain slot auction model.
Most importantly, Elastic Scaling will allow the network to dynamically scale as needed. These improvements in Polkadot 2.0 could potentially lower the barrier to entry for developers.
DOT saw a significant rally in November, rising by over 100%. The network’s high staking returns have attracted new users in 2024. According to a previous report by CoinGecko, Polkadot is among the top three blockchains that provide the highest staking yields.
Additionally, the network’s interoperability has received wider praise from the developer community. Another report earlier this year named Polkadot as one of the top blockchains in terms of development and community engagement.
Despite these acknowledgements, the network has suffered greatly in recent years due to lack of scalability. As a result, the number of core developers on the network has gradually decreased.
Polkadot 2.0 could potentially change this and introduce much-needed scalability and accessibility to the blockchain. A successful launch could bring more DApps into the ecosystem and boost DOT’s market prospects.
The article Polkadot Announces Version 2.0: Check Out the Details was first seen on BeInCrypto Brasil.
