The goal of this upgrade is to completely change Polkadot’s trajectory going forward.
JAM is a decentralized hybrid system that combines elements from Ethereum and Polkadot.
Earlier on Thursday, Polkadot co-founder Gavin Wood teased the release of the Join-Accumulate Machine (JAM) update on X. The goal of this proposal is to completely change Polkadot’s trajectory going forward.
At the Token2049 crypto conference in Dubai, Wood introduced the JAM Gray Paper and gave insights about the revolutionary technology that combines elements from Polkadot and Ethereum. The current Relay Chain will be superseded by a newer, more modular, and less cluttered version with this upgrade.
Supersede the Relay Chain
Previously, the Polkadot Relay Chain was designed to be compatible with other systems, such as PARSIQ, which tracks data and automation on many blockchains. With the launch of JAM, Polkadot offers a fresh viewpoint. The protocol is laying the groundwork for a future in which a simpler, more modular architecture will supersede the relay chain.
The co-founder brought attention to the fact that the Jam Gray Paper was released 10 years subsequent to Wood’s Yellow Paper in his X post. The team behind Polkadot, the Web3.0 Foundation, also announced a prize fund of 10 million DOT. The goal of this reward is to encourage more diverse perspectives while working on the JAM protocol.
According to the blueprint, JAM is a decentralized hybrid system that combines elements from Ethereum and Polkadot, providing users with scalable and secure smart contract capabilities.
It incorporates a permissionless object environment for global singletons, similar to Ethereum’s smart contract ecosystem. Polkadot, the interoperability superpower, also introduced the idea of a scalable node network parallelizing secure sideband computing.
Among JAM’s many claims to fame is its compatibility with Substrate, making it an ideal choice for developers already familiar with the platform for blockchain projects. Existing Substrate-based parachains are able to take use of this crucial functionality thanks to parachain services.
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