Exploring 10 Polkadot Insights in 2023 by Gavin Wood

Gavin Wood, the visionary behind Polkadot, shed light on aspects that captured his interest within the Polkadot ecosystem in 2023. As a result, I’ve curated a compilation of the most intriguing subjects for the community that DEMANDS ATTENTION!!!

Let’s dive into these 10 insights!


1. Gavin Wood, The Creator.

An interesting fact is that 10 years ago, Gavin Wood wrote the first lines of the crypto-economic code in his life. What happened after that is history… founder of Kusama and Polkadot, CEO of W3f Parity, and currently holding the position of Chief Architect at Parity.

2. Regulatory changes

Emphasis on regulatory changes regarding crypto worldwide — with Japan and Asia standing out.

https://twitter.com/CoinDesk/status/1739240724783157537

3. The Decentralization-core-chain

Polkadot has decentralization as its core business, which is increasingly being realized (see Nakamoto coefficient).

https://twitter.com/pitcoin%5F/status/1734321314071040101

4. Kagome on the way

The second implementation, Kagome, of the Polkadot Relay-chain protocol joining the active validator set defined on Kusama!

https://twitter.com/Web3foundation/status/1102976132297703424

5. Less Parity, more Polkadot

Parity is reducing its headcount, including executives — this is part of Parity’s decentralization plan regarding the core Polkadot protocol.

6. $55 Decentralized Futures Fund

Web3 Foundation announced the launch of the $55m Decentralized Futures fund, whose stated purpose is to boost the Polkadot ecosystem.

https://twitter.com/Web3foundation/status/1725121561055670755

7. Polkadot Stats

  • 90 parachains from over 580 ecosystem projects
  • 300 dApps and 190 are Substrate-based blockchains
  • 301 Polkadot runs with 50 of its parachain cores enabled
  • 30217,000 XCM messages monthly

8. Relay Chain Stats

  • Relay-chain handle 6.9m TX in 24 hours (80 per second)
  • 2,000 monthly active developers
  • 83,000 monthly active users across the ecosystem
  • 10x growth of the small-hodler-friendly nomination pools
  • 180 pools nomination pools
  • 10m DOT staked on nomination pools

9. Web3 Foundation Grants

10. What to expect in 2024?

  • Agile Coretime
  • On-Demand Parachains,
  • Ethereum Snowbridge
  • Kusama bridge
  • Beefy
  • Expansion of DAO primitives
  • Coretime sales
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PitcoinPost author

Web 3. 0 enthusiastic - Polkadot & Astar Network ambassador

Welcome to the Pitcoin diary. Be prepared for an immersion in Polkadot, Kusama, and Astar Network ecosystem. Everything I write is my personal opinion - don't expect anything but chaos.

Polkadot Senior Ambassador and Astar Network all-star ambassador.

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Welcome to the Pitcoin diary. Be prepared for an immersion in Polkadot, Kusama, and Astar Network ecosystem... Show More