Forget the chart for a moment, though. App builders, not price charts, ultimately drive durable value in most cryptocurrencies, and especially the developer-friendly Polkadot. And I have good news: Polkadot is readying two builder-centric platform upgrades that could change the trajectory of this lagging cryptocurrency. Say hello to the JAM scaling upgrade and a ready-to-code DevContainer.
Here’s what changed — and why it could matter for DOT investors.
The chain-spanning connector package known as Polkadot is about to get a massive makeover. The incoming technical changes are so powerful, Polkadot’s backers in the Web3 Foundation call it “Polkadot 3.0.”
I could get all up in the nerdy weeds with the changes, built around the Join Accumulate Machine (JAM) upgrade. Trust me, I’m tempted to go there. But you’re not here for that geekery, so let’s keep it simple: Polkadot is about to get much faster, more flexible, and easier to use.
The global network of computing nodes that validate Polkadot transactions and execute code in its smart contracts is already one of the fastest blockchains on the market. JAM will multiply the computing power of this platform by 10, by some estimates. Polkadot co-founder Gavin Wood calls it “a supercomputer on the blockchain,” with easy and instant access to exactly the number-crunching resources your app needs.
Gone are the unpredictable auctions for computing time, in comes a new project funding system. Parachains are still a thing, and existing Polkadot projects will be fully compatible with the new JAM core. It’s just going to be much easier to get your hands on the right resources at the right time. There’s a price list now; just pay for your computing power and you’re good to go. Easy as Polkadot pie.
