Gavin Wood, founder of the Polkadot protocol, has unveiled a new gray paper outlining an upcoming Join-Accumulate Machine (JAM) upgrade for the network. The announcement came during Wood’s presentation on Polkadot’s future at the Token2049 crypto conference in Dubai.
Wood introduced the JAM Implementers Prize, a 10 million DOT prize pool, to encourage diverse development of the JAM protocol.
Polkadot unveils JAM upgrade
Accordingly DeclarationThe JAM upgrade aims to replace the relay chain, which serves as the central data chain in the Polkadot network, with a “more modular and minimalist design” that will allow Polkadot to run generic services and increase network stability.
The parachain service in JAM will support existing Substrate-based parachains, allowing developers to continue using Substrate to develop and deploy their blockchains.
Notably, these services have no predefined limits on code, data, or state capacity and can accommodate additional DOT deposits For increased capacity.
JAM’s design incorporates several technological improvements. It replaces WebAssembly with Polkadot virtual machines based on RISC-V ISA, an open-source instruction set architecture (ISA) used to develop custom processors.
It also introduces a SNARK-based block generation algorithm, SAFROLE. These upgrades are designed to optimize performance and scalability in the Polkadot network.
On the road to decentralization?
To realize its vision of a “truly decentralized protocol”, Polkadot aims to support multiple clients. implementation. Furthermore, the JAM Implementer’s Prize has been established to encourage and fund projects that contribute to the development of JAM implementation. The Proclamation on the matter further reads:
We believe that supporting a range of implementations in different programming languages will strengthen the foundation of the ecosystem. This further distributes the power of protocol implementers and reduces the risk of a bug in one implementation taking down the entire network.
The award will support JAM implementers with existing and future funding initiatives that support Polkadot’s ecosystem and technology stack. These initiatives include decentralized futures, endowments, and Polkadot’s on-chain treasury.
The reward will be activated when approved as JAM Polkadot technology by the network’s on-chain Government system.
Overall, Gavin Wood points to Polkadot’s intention to increase the use and adoption of the JAM upgrade and associated 10 million DOT reward protocols. JAM’s modular design and encouragement of multi-client implementation is also expected to contribute to ongoing efforts to decentralize the Polkadot network.
While JAM development continues, the Polkadot ecosystem welcomes proposals from teams interested in implementing it in various programming environments.
Despite recent announcements, the network’s parent token, DOT, has been unable to break even downtrend Witnessed in the past month. Currently trading at $6.75, this represents a significant 24% drop in price over the past 30 days.
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