The founder of the blockchain platform Polkadot, Gavin Wood, introduces the Join-Accumulate Machine (JAM) upgrade at Token2049, while the Web3 Foundation announces a 10 Million DOT prize pool for JAM protocol development diversity.
According to Polkadot, “The JAM Implementer’s Prize is designed to catalyze this by funding and supporting projects that contribute to the development of JAM implementations from the outset.”
JAM is a decentralized system blending Ethereum’s features with Polkadot’s structure for secure and scalable smart contracts. It aims to replace the Relay Chain with a more streamlined design, allowing Polkadot to function as a multi-core world computer.
Goku, a supporter, praised the upgrade, foreseeing Polkadot evolving into a versatile platform for various services and apps, enhancing scalability and efficiency.
Despite DOT token’s recent downturn, news of the upgrade pushed it up by 3% to $7 initially, though it’s now at $6.62. However, community approval through Polkadot’s decentralized governance is still pending for the JAM upgrade.
Polkadot’s JAM upgrade promises a more robust and versatile platform, attracting attention with its innovative approach and potential rewards for developers.
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