On October 15th, according to Governance Interface, the interoperability project for cryptocurrencies, Axelar, initiated a proposal for an expansion plan. The proposal suggests short-term, medium-term, and long-term scalability plans to maintain a strong and decentralized technical infrastructure. Short-term plan: Modify the network's inflation parameters. Introduce a Gas burning mechanism to offset inflation and further maintain the network's strong decentralization. Medium-term plan: Transition to establishing connections within virtual machine smart contracts and replacing inflation rewards with explicit reward pools for each new chain. Long-term plan: Expand the use of more lightweight client connections when appropriate.
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