Polkadot 2.0 to launch in Q1 2025, development in final stages
November 29, 2024
Polkadot 2.0, the latest upgrade to the Polkadot network, will launch in Q1 2025. An early test version of the blockchain is already available on the Kusama network.
The launch period was confirmed earlier today by Party Technologies, the developers behind Polkadot.
Polkadot 2.0 will bring much-needed scalability to the blockchain
Polkadot 2.0 represents a major upgrade to the Polkadot network, introducing technical improvements to enhance scalability, flexibility, and developer access.
According to Party Technologies, the upgrade will have three key features – asynchronous support, agile core time, and elastic scaling.
The first two features have been successfully implemented on the network. The team is currently working on elastic scaling ahead of its launch in Q1 2025.
“The final part of Polkadot 2.0 is flexible scaling. Projects will be able to add multiple cores for a single task, shorten block production times, or add cores on demand if they are having throughput issues,” Polkadot CEO Emil Kietzmann wrote on X (formerly Twitter).
These features will reduce block time from 12 seconds to 6 seconds, increasing transaction throughput. Decentralized applications and other projects on Polkadot 2.0 will be able to access network resources on demand, moving away from the traditional slot auction model.
Most importantly, flexible scaling will allow the network to scale dynamically as needed. These improvements in Polkadot 2.0 could lower the barriers to entry for developers.
Dot saw a huge surge in November, rising by over 100%. The network’s high staking returns attracted new users in 2024. According to a previous report from CoinGecko, Polkadot is among the top three blockchains offering the highest staking returns.
Furthermore, the network’s interoperability has received wider acclaim from the developer community. Another report earlier this year named Polkadot as one of the leading blockchains in terms of development and community engagement. Despite these recognitions, the network has suffered greatly in the past few years due to its lack of scalability. As a result, the number of core developers on the network has gradually declined.
Polkadot 2.0 could change this and bring much-needed scalability and accessibility to blockchain. A successful launch could bring more decentralized applications to the ecosystem and boost the Dot Market’s prospects.