According to Foresight News, Fabian Gompf, the new CEO of Polkadot development organization Web3 Foundation, said in an interview with The Defiant that Polkadot's parallel chain system will undergo a fundamental transformation at the end of this year and early next year. Polkadot is about to abandon the parallel chain slot auction and adopt a new mechanism that allows application developers to rent block space as needed, allocate parallel chain resources, and anything you can encode on it.
The change is part of Polkadot 2.0, a vision first outlined by blockchain founder Gavin Wood at Polkadot’s Decoded conference in June.
