The Good Tech Companies - Polkadot Upgrades With Agile Coretime For Resource Allocation, Unlocking Efficiency And Scalability

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Polkadot upgrades with Agile CoreTime for resource allocation, unlocking efficiency and scalability, by Chainwire. Zug, Switzerland, September 19, 2024, Chainwire, Agile CoreTime paves the way for Polkadot 2.0 improving the network's scalability, cost, speed, and flexibility. The Polkadot community celebrates the release of its latest major product, Agile CoreTime, as part of the ongoing Polkadot 2.0 upgrade. This new feature represents a significant advancement in how computational resources are allocated and managed within the Polkadot ecosystem, delivering unprecedented efficiency,

Starting point is 00:00:43 scalability, and accessibility for projects of all sizes. Agile CoreTime is not just a technical upgrade. It is the most important product launch this year for Polkadot as it evolves, through seamless on-chain governance, into a network ready to onboard the Web3 masses. It also serves as a primary catalyst for the rebirth of the entire ecosystem. By making it easier for projects to build and scale on Polkadot, this feature is designed to attract a new wave of innovative applications and use cases. As the second crucial component on the path to Polkadot 2.0, which previously saw asynchronous backing go live and will later allow for elastic scaling,

Starting point is 00:01:21 Agile Core Time redefines how blockchain resources are allocated by offering a dynamic, on-demand block space model. This new approach replaces the previous auction system, in which single cores were leased for two years at a time. The new approach makes it easier and more cost-effective for projects to access the resources they need, when they need them. Greater than Eskimo, led developer at Parity Technologies, Polkadot's leading technical greater than contributor, said, Agile core time is a huge milestone in making the high greater than quality block space Polkadot offers more accessible. With this and other greater than features we have in the pipeline, I expect more experimentation and awesome greater

Starting point is 00:02:01 than projects to be launched on Polkadot, showcasing its amazing capabilities. Greater-than-let's-wake-our-sleeping-giant. One of the key advantages of Agile CoreTime is its ability to align resource availability with actual network demand. By dynamically allocating computational resources, Polkadot ensures that no resources are wasted during low-activity periods, while also preventing congestion during peak times. This adaptability is crucial for projects with varying needs, enabling them to scale and operate more efficiently without the burden of high upfront costs. Greater than, devs have historically faced a binary choice. Deploy a smart contract and greater than compete with other protocols for limited block space, or deploy a blockchain greater than and pay for a large amount of dedicated block space, says Derek Yu, CEO of Greater Than Moonsong Labs.

Starting point is 00:02:50 Greater than greater than, greater than, Agile CoreTime addresses this challenge by offering a flexible approach. For greater than projects starting out, you can harness the power and customizability of a greater than blockchain while paying only for the block space you need. For mature projects greater than with product market fit, Agile CoreTime allows scaling to and customizability of a greater-than blockchain while paying only for the block space you need. For mature projects greater than with product market fit, Agile CoreTime allows scaling to meet high levels of greater-than demand without the need for sharding. Greater-than greater-than, for new developers and smaller projects, Agile CoreTime lowers the barrier of entry by providing access to Polkadot's robust infrastructure without the need for significant dot collateral. This democratizes access, fostering greater innovation and participation within the ecosystem.

Starting point is 00:03:30 Projects can purchase core time either on demand or in bulk, providing flexibility or predictability depending on their specific needs. On-demand purchases are ideal for projects with fluctuating demands, while bulk purchases offer stable and reliable resource allocation for teams requiring a steady flow of block space. For media inquiries, please contact Jonathan Duran at jonathan.at. Distractive.xyzaboutpokedot.pokedot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world's most transformative apps and blockchains. Pkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high

Starting point is 00:04:15 standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, you're not just a participant, you're a co-creator with the power to shape its future. Contact Marketing Communications Director Jen Wheatley DistractiveGen at distractive.zi. Tip this story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence.

Starting point is 00:04:50 Visit HackerNoon.com to read, write, learn and publish.

The Good Tech Companies - Polkadot Upgrades With Agile Coretime For Resource Allocation, Unlocking Efficiency And Scalability

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.