Room to improve Polkadot

DOT holders are assuming an increasingly crucial role in determining the protocol's trajectory, particularly following Parity and W3F's detachment from community and protocol decisions. Their significant influence is instrumental in shaping the future of DOT, driving its evolution and fostering development.

https://twitter.com/giottodf/status/1759893177023045666

The initiatives led by influential figures within the ecosystem or by significant DOT holders are strategically focused on swiftly addressing specific issues with optimal outcomes in mind. Prominent among these endeavors are Polkadot Marketing Bounty, Koala DAO, Decentralized BD for Polkadot, Fluid Treasury, PolkaVM, the Ambassador Program, and Parachain Staking. Each of these initiatives serves as a cornerstone in fostering the advancement and expansion of the Polkadot ecosystem, propelling innovation, and strengthening the network comprehensively.

Initially, discussions are organized within Telegram groups to gather feedback, with subsequent migration to OpenGov for further deliberation and voting. This voluntary and grassroots approach underscores the community's remarkable organizational capabilities, facilitating prompt decision-making and nimble execution, all facilitated by on-chain governance mechanisms.

While it's true that not all initiatives garner universal approval among community members, and some, like the new ambassador program model, may spark controversy, the proactive identification of ecosystem improvements by engaged parties illustrates that proposing innovative solutions isn't a failure. Rather, true failure manifests in inertia. This proactive approach to addressing challenges and consistently seeking enhancements underscores the community's vitality and adaptability, both essential for propelling the development and evolution of the ecosystem as a cohesive entity.

The Agile Coretime sales are reshaping how blockspace is utilized within Polkadot, providing a more efficient solution compared to the traditional method of purchasing parachain slots. This alternative has emerged as the previous model, where coretime periods were rented for up to two years, proved ineffective with many periods remaining unused. Furthermore, the revenue generated from coretime sales will be burned, introducing a deflationary element to Polkadot. This strategy not only enhances resource allocation but also cultivates a dynamic and robust ecosystem economy, promoting a more efficient and responsible utilization of the available block space.

This innovative paradigm removes obstacles for smaller projects to obtain the necessary blockspace precisely when and in the desired quantity they need it. This approach not only promotes economic efficiency but also ensures that block space utilization becomes a cornerstone of Agile Coretime sales.

@Lastic and @Tanssi are pivotal players in this emerging paradigm shift. While @Lastic concentrates on facilitating appchain deployment, catering to the demand for blockspace as required, @Tanssi strives to establish itself as the premier marketplace for blockspace/coretime. Notably, @Tanssi already boasts an impressive portfolio of over 60 projects spanning diverse use cases, underscoring the versatility of its platform.

On the other hand, @Lastic has embarked on coretime sales trials on #Rococo, offering a week's worth of blockspace for parachain deployment. These proactive initiatives exemplify the ecosystem's dynamic nature and its proactive stance in meeting the evolving requirements of both users and developers.

In my perspective, Polkadot has increasingly fixated on technical terminology and complex narratives that pose challenges for individuals outside the Polkadot community to grasp. From crowdloans and parachains to parathreads, XCM, XCMP, Agile Coretime, and now JAM, the proliferation of technical terms can be overwhelming.

I strongly advocate for a more straightforward approach to communicating with the broader crypto community, one that doesn't rely heavily on technical jargon. Simplifying the language used can make Polkadot more accessible and engaging for users beyond the DOT bubble.

https://www.youtube.com/watch?v=7OawaiM1mYo

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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