Author: Climber, Jinse Finance

This fall, the Polkadot ecosystem is to announce its commitment to transformation to the world!

Polkadot's flagship event, Polkadot Decoded Asia 2024, will take place on September 16-17 in Singapore. This conference is also a significant part of TOKEN2049 Week. The topics will focus deeply on the Polkadot ecosystem and gradually expand to various aspects of the Web 3.0 field.

Polkadot has invited developers, investors, enthusiasts, and industry leaders from around the world to this summit. The aim is to explore the latest advancements in blockchain technology and seek opportunities for win-win cooperation. Polkadot's founder, Dr. Gavin Wood, will also be present, making his first public speech in Asia in two years. He will share the development update of the Polkadot 2.0.

Polkadot and Polkadot Decoded Asia 2024

Polkadot is the core of shared security in Web3, providing the foundation that unifies some of the world's most transformative applications and blockchains. It enables Web3 innovators to bring their ideas to market quickly with low startup costs and a highly flexible development environment. Polkadot prioritizes decentralization, being the first modular, elastic, and interoperable blockchain governed by users and the largest DAO in the world.

Polkadot Decoded Asia is a premier event in the Polkadot ecosystem, focusing on the vibrant Asian market while attracting global attention. This event gathers developers, investors, enthusiastic followers, and industry leaders to delve into the latest advancements in blockchain technology. Through keynote speeches, panel discussions, fireside chats, open Q&A sessions (AMA), and exclusive announcements, participants gain deep insights into Polkadot's revolutionary innovations and applications.

The conference will feature over 100 speakers, with more than 2000 global Web 3.0 industry participants attending. Roundtables and speech topics will cover various sub-tracks of the Polkadot ecosystem design.

The summit will invite guests from various industries, including globally thought leaders, government officials, outstanding entrepreneurs, influential investors, and representatives of innovative institutions, to explore the future development direction of Web 3.0 and the Polkadot ecosystem with Polkadot.

With the convening of Polkadot Decoded Asia 2024, it is foreseeable that more technical talents will enter the Web3 field, and more teams will step into the Polkadot ecosystem, jointly building the crypto industry.

Transformation and Rebirth: New Changes in the Polkadot 2.0 Era

In 2024, the crypto industry has formed a major trend of integration between Web3 and Web2, and the connections between different blockchain and ecosystem projects are increasingly strengthening. With the approval of Bitcoin and Ethereum spot ETFs by US regulators, the expected crypto bull market after the fourth halving cycle, and the gradual recognition of cryptocurrencies by regulators brought about by the US election, the prospects for blockchain are becoming clearer.

In recent years, with the increasing demand for blockchain scalability, more L2 projects have emerged, coupled with the inherent competition among L1s, making the need for chain interoperability increasingly urgent. Once known as the "King of Cross-Chain," Polkadot has been building a network capable of transmitting all data across all blockchains and focusing more on project construction within its own ecosystem. This development model, similar to other L1s, has led to a lack of liquidity in the Polkadot ecosystem over time, missing opportunities to co-develop new projects with ecosystems such as Ethereum, Solana, and Avalanche.

However, recognizing the new landscape of the crypto industry, Polkadot is determined to break away from its established development model and fully build the new Polkadot 2.0 era. "Polkadot 2.0" is a series of community-named network advancements, such as JAM, Elastic Scaling, and Asynchronous Backing, aimed at improving the scalability, flexibility, and efficiency of the Polkadot network.

Polkadot Decoded is an official Polkadot summit event held annually in different regions worldwide since 2020. It is primarily used to exchange, promote, and announce the latest developments in technology and projects. The Polkadot Decoded Asia 2024 reflects the shift in Polkadot's blockchain public chain design philosophy, demonstrating a determination to embrace cooperation with other blockchain ecosystems with a more inclusive and open attitude to increase project activity and liquidity.

Polkadot's true commitment is also evident in its layout for Polkadot 2.0. In March of this year, the Polkadot Foundation announced the large-scale launch of Polkadot 2.0. This iteration will also introduce a new paradigm, the JAM chain.

The JAM chain will form the foundation for Polkadot, providing multicore computing and supporting hundreds of chains for blockchains like Polkadot. In the JAM architecture, Polkadot's governance mechanism will no longer directly control token issuance. Instead, this responsibility will be determined by the JAM protocol itself. This significant change could impact the governance and economic model of the Polkadot network.

At previous Decoded events, Gavin Wood explained the principles and significance of JAM. JAM, built on the foundation of "Polkadot 2.0," will propel Polkadot towards a world of synchronous composability, helping to reduce fragmentation and integrate activities.

Additionally, to attract more user participation in the Polkadot ecosystem, Polkadot has introduced the Account Identity mechanism, a naming system that allows participants to add personal information to their on-chain accounts and subsequently request registrars to verify this information.

Moreover, Polkadot has launched the payment feature Polkadot Pay, enabling gift card payments in over 1 million stores in the US and eventually achieving cryptocurrency payments in stores across more than 33 countries.

To better convey Polkadot's willingness and ideas for cooperation, Gavin Wood shared the stage with Vitalik Buterin at EthCC this July, delivering a speech titled "Building True Unstoppability." He stated that Web3 is not just about NFTs or blockchains, but about creating resilient digital systems.

Furthermore, Gavin Wood has publicly participated in other speeches and roadshows multiple times this year, including the recent Polkadot Decoded 2024 held in Brussels, Belgium.

Notably, the Polkadot Decoded Asia 2024 conference marks Gavin Wood's first return to the Asian public stage for a speech after two years. The Polkadot Foundation and Parity leadership will also come to Singapore to participate in the Decoded Asia grand event, celebrating the largest crypto event in Asia, TOKEN2049, with the Polkadot Asia-Pacific ecosystem.

For those registering to attend this conference, Polkadot has carefully prepared a super gift package: a limited edition NFT provided by DOTphin. The first 100 registrants will receive this gift package for free. Additionally, Polkadot Now has prepared a lively DJ music night. We welcome everyone to register enthusiastically, gather in Singapore, and share in the Decoded crypto feast.

Conclusion

While blockchain records are final, the iteration and evolution of chains are endless. This means that blockchain has infinite application possibilities. The new trends in the crypto space have clearly shown that collaboration is the key to efficiently promoting the prosperity of blockchain ecosystems. Based on this consensus, Polkadot has keenly captured the necessity of openness and is gradually promoting the development of Polkadot 2.0.

We believe that with the launch of Polkadot Decoded Asia 2024, not only will the Asian market rediscover the prosperity potential of the Polkadot ecosystem, but global Web3 and Web2 practitioners will also recognize Polkadot's contribution and determination to build a comprehensive blockchain ecosystem.