Anyone really understand what polkadot 2.0 means in simple terms

Question

Energy Web

Richard | I will never send you a DM Fish

Anyone really understand what polkadot 2.0 means in simple terms

please. Are they moving been a parachain or relay chain? A little confused here.

#cryptocurrency #energyweb #english

0

18.07.2023

6 ответов

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C Mosh

It means they will move from being a parachain to selling of coretime to projects. Polkadot is is all about cores. Core time is the time for a specific core to process the transactions of a project. I will try to explain further. First, you can take Polkadot as computer system but with multiple cores that processes transactions at the same time. It has around 50 cores and can increase to arround 1000 in the future. Polkadot 2.0 is centered around optimising the use of the core. Presently, Polkadot uses a slot auction model that allows a parachains (over 40 of them now) to have continuous access to their own individual core (analogous to CPU). This didn't seem efficient. Gavin then thought that most parachains don't use up their core time while there are other projects which might need the unused core time but can't get it because they aren't parachains. To optimise the use of this coretime, Gavin is proposing bulk and instantaneous sales of core time. Bulk sales would allow buying of core time for 4 weeks while instantaneous sale would allow any project who needs a core time to buy for immediate use. I will stop here and hope this has simplified things for you. There is more though, selling of coretime in form of NFTs and co. I am actually working on two mega threads to simplify Polkadot operation. I will post one this week on Twitter.

0

18.07.2023

Richard | I will never send you a DM Fish Автор вопроса

C Mosh
It means they will move from being a parachain to ...

Thnaks mate, coretime is just like an upgraded parachain slot?

0

18.07.2023

C Mosh

Richard | I will never send you a DM Fish
Thnaks mate, coretime is just like an upgraded par...

Well, in a manner of speaking. Ultimately, there won't be parachain slot like we have now. It will become Blockchain/project core time. No more owning of parachain slots.

0

18.07.2023

Richard | I will never send you a DM Fish Автор вопроса

C Mosh
Well, in a manner of speaking. Ultimately, there w...

So many things evolving in the space per sec! many thanks Mate for your time. still have some questions regarding this, but will be looking forward to your twitter thread.

0

18.07.2023

C Mosh

Richard | I will never send you a DM Fish
So many things evolving in the space per sec! many...

Lots. Anytime, Shawn. Will let you know when I have it posted. Also, you could DM me your questions. That might inform what to include in the thread.

0

18.07.2023

Samuel Oyeyemi · Accepted Answer

Samuel Oyeyemi

Polkadot 2.0 is an upgrade to 1.0

0

18.07.2023

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Anyone really understand what polkadot 2.0 means in simple terms

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