State of Polkadot Q4 2023
Polkadot (DOT) is a distributed blockchain computing platform that acts as a base layer for other sovereign blockchains, called parachains, for validation and shared security. Polkadot was built using Substrate, a blockchain developmental framework. Furthermore, Polkadot’s base layer is known as the Relay Chain, which utilizes a Nominated Proof-of-Stake (NPoS) consensus mechanism, and its state machine is compiled to WebAssembly (Wasm).
Polkadot 2023 Developer Report: Full-time developers are second only to Ethereum, and developers submitted a total of 22.23 million original codes throughout the year
Polkadot officially stated on social media that according to the 2023 Developer Report released by Electric Capital, Polkadot developers submitted a total of 22,232,604 lines of original code throughout 2023. Developer contributions accounted for 10.5% of all submitted code in the Web3 field, with the second highest number of full-time developers, only after Ethereum, reaching 792.
Polkadot 2023 Roundup
As the (northern hemisphere) nights have drawn in and soma.fm’s Christmas Lounge finds its rightful place on my household radio, we once again find ourselves at the time of the year where I write my annual diary entry on behalf of Polkadot. With Covid now largely consigned to the collective memory of a generation, we see a global return to normalcy and resurgence of (in-person) events with it. Conflict and AI present some of the most prominent themes of the news cycle this year with some of the more inquisitive wondering how, along with blockchain, the world might be changed with them. This year it is also a special anniversary for me; as I write this, exactly 10 years ago I wrote the first lines of crypto-economic code in my life. So, what did 2023 bring?
Gavin Wood: Polkadot will usher in 5 important technological breakthroughs in 2024
Polkadot founder Gavin Wood outlined the technology development blueprint for 2024 in his annual review. Wood pointed out that the new year will be very busy for Polkadot, with four important infrastructure projects expected, including Agile Coretime, On-Demand Parachains, Ethereum Snowbridge, and Kusama bridging. In addition, Elastic Scaling technology is expected to emerge in 2024 as the fifth major technological breakthrough.
Polkadot ecological tokens have seen a general rise, with MOVR rising by more than 124% in 24 hours
On December 24th, according to market data, Polkadot's ecosystem tokens experienced a general rise, including:<br>MOVR rose by 124.32% in 24 hours, with a current price of $20.8; <br>ACA rose by 38.56% in 24 hours, with a current price of $0.113;<br>KSM rose by 20.74% in 24 hours, with a current price of $40.22;<br>GLMR rose by 38.29% in 24 hours, with a current price of $0.512;<br>DOT rose by 9.04% in 24 hours, with a current price of $8.56.
Polkadot will implement asynchronous support in 2024 and deploy Snowbridge, a cross-chain bridge with Ethereum
On December 22nd, Polkadot officially reviewed its development status in 2023 and plans to implement asynchronous support, flexible Coretime, and minimum Relay in 2024. In the first quarter of next year, Polkadot will deploy the cross-chain bridge Snowbridge between Polkadot and Ethereum.
DOT breaks through $8
The market shows that DOT has broken through $8 and is now trading at $8.01, with an intraday increase of 7.09%. The market is fluctuating greatly, so please be prepared for risk control.
DOT breaks through $7
The market shows that DOT has broken through $7 and is currently trading at $7.01, with a daily increase of 1.01%. The market is volatile, so please manage your risks.
Fabian Gompf: Polkadot is about to abandon the slot auction of parachains in favor of a new mechanism
Fabian Gompf, the new CEO of Polkadot development agency Web3 Foundation, said in an interview that Polkadot is about to undergo a major transformation. Polkadot will abandon the slot auction for parallel chains and instead adopt a new mechanism that allows application developers to rent block space as needed.
Polkadot’s new proposal: Regularly exchange a portion of the DOT in the treasury for USDT to be used to pay salaries to Technical Fellowship members
According to PolkaWorld, the Polkadot OpenGov Proposal #231 proposes to use the HydraDX decentralized exchange in the Polkadot ecosystem to regularly convert a portion of the treasury's DOT holdings into USDT, accumulating USDT to be used for paying Technical Fellowship members.
