XCM is coming to Polkadot with runtime v0.9.19. What does this mean, and what will it entail?
rphmeier
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rphmeier
@rphmeier
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- 1 Million transactions today on the Polkadot relay chain. This is the highest activity day on Polkadot in history, topping out the 941,000 transactions on May 5, 2021. The activity is due to inscriptions.
- Friendly reminder that Polkadot is a build-your-own-rollup protocol with shared security, automatic upgrades, and fast finality.
- My deep dive on the tech powering Polkadot's parachains is up now. polkadot.network/blog/polkadot-…
- The day before yesterday, there were 5,970,000 transactions on the Polkadot relay chain. Yesterday, there were 6,930,000. This is still well below capacity. Polkadot’s treasury, which is managed by the token holders, collected 110,000 DOT.
- Personal News: Friday was my last day at Parity Technologies after over 7 years. Today I’m starting a new chapter within the Polkadot ecosystem - don't worry, I'm sticking around, just in a new capacity. I’m departing Parity on excellent terms with the leadership team there,
- Unlike L2 rollups, which require long fraud periods before settlement because being included on-chain is irreversible, @Polkadot and @kusamanetwork avoid bad parachain blocks at the consensus & finality layer, not at the smart-contract layer: fast settlement #Layer0
- Everyone, please welcome the LP7 cohort to Polkadot. Congratulations on the launch!
- The Luna token is used to provide security for the Terra blockchain. As Luna plummets, the cost of hijacking the Luna blockchain does too. And other chains like Osmosis have bridged Luna tokens over - this is the risk of not having shared security: the weakest link is toxic.
- Nuclear explosions amounting to 5000 megatons anywhere in the world is enough to plunge us into a 10 year nuclear winter which 99%+ of the world's population will not survive. Wherever or whoever you are, you should beat the drum of de-escalation as loudly and fiercely as you can
- The Polkadot Treasury may soon finance a massive bounty for the further development of zero-knowledge scaling and network infrastructure. Exit-to-DAO as a business model will be a defining change of 2022 and onwards.
- On to 2.0 As of today, Parity’s Polkadot node v1.0.0 is released. We are symbolically entering a new era of development for the network. How 2.0 is built is just as important as what 2.0 consists of. This is a vast human effort which needs processes that scale with an
- What sets @Polkadot's 100k+ Transactions-per-Second "Spammening" benchmark from today apart is that it was on mainnet, on a globally distributed set of validators. This is the real, live capability of the network that exists today, as measured in production.
- If you want to work on security-first, practical blockchain protocol design and implementation on @Polkadot at @paritytech, DM me! We're writing real, production Rust code every day on some of the most interesting problems in the space.